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Maximizing Patient Collections (FM01)
With many patients having large deductibles and co-payment requirements, the collections job has become even more important and more difficult at the same time. Participants will learn how to maximize point-of-service collections, communicate effective collection policies to patients and organize collection tasks with the staff to effect maximum return on collections over the shortest period of time. The goal is to minimize write-offs of patient responsibility balances and maximize practice profitability. This program is designed for managers, billing staff and front desk personnel.
Budgeting for the Bottom-Line (FM02)
Maximum profitability is never an accident; it is always planned. Too often physicians and managers never know how they are doing until it is too late to do anything about it. This unique program teaches physicians and managers how to work together in developing and using simple budget techniques to maximize physician productivity. It starts with a bottom-line goal that leads to simple, daily production goals for the physician. By following the plan the only result can be planned profits. This program is designed for managers and physicians.
Contolling Costs In The Medical Practice (FM03)
Today most revenues are fixed and profitability will be a function of controlling costs. Participants will learn a variety of strategies and techniques for controlling costs for personnel, supplies, insurance, occupancy costs and medical records. There are no "magic bullets" and no one thing will lower costs. It is the combined value of small changes that can produce dramatic effects. These strategies and techniques are not a "starvation diet"; they are easily learned tasks that require only a commitment to organization and self-discipline. This program is designed for managers and physicians.
Benchmarking Practice Productivity & Profitability (FM04)
What are the key practice measures that indicate productivity and changes in a practice? Participants will find out how to measure productivity cross tabulated to providers, locations, departments, payers, procedures, diagnoses and any combination of these. Learn how these ratios can be used to identify problem payers. Find out how to use common benchmarks appropriately to accurately compare your practice with others. Learn how to set up systems to track productivity with already existing capabilities in your data processing system. This program is designed for physicians and managers.
Analyzing the Financial Health of the Practice (FM05)
The financial health of every surgical practice should be reviewed on a regular basis to ensure that the operations are efficient, effective and producing the maximum return on your investment in time, training and capital expenditures. With ever declining reimbursements and increasing operating costs, surgeons must work longer and harder than ever before … in the hopes of keeping pace with previous financial results. This course will help doctors and their office managers better understand the proper ways to analyze their current financial position and point them in the proper direction as to where changes can be made to improve operational and financial performance.
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