The Manager will provide the Executive Management Services in consultation with the Practice and at the Practice’s ultimate direction and discretion. The Executive Management Services include the following:
The Manager will provide support or consulting services for the Practice in the following general administrative areas:
Executive decision-making training and support;
Practice restructuring and personnel/job performance coaching;
Identifying various cost containment initiatives and negotiations including, supplies, equipment, real estate, debt services, and other needs of the Practice;
Best practices for internal and external communication;
Identification of potential compliance risks;
Review key vendors and recommend changes as appropriate;
Operations benchmarking, management meetings, and KPI development.
The Manager will provide support or consulting services for the Practice in the following financial management resourcing areas:
Review of financial management processes (cash management, bank reconciliations, and bank relations);
Guidance in best practices for the preparation of business forecasts, annual budgets, and ad hoc analytics to support Practice operations;
Review of current compensation models and recommendations based on the needs/desires of the Practice;
Review and benchmarking of accounts receivables and payable.
The Manager will provide support or consulting services for the Practice in the following ancillary operations resourcing areas:
Discuss options for the development of various ancillary service lines.
The Manager will provide support or consulting services for the Practice in the following revenue cycle operations resourcing areas:
Performance benchmarking;
Review of patient collections policies and front desk collection metrics;
Assistance in the development of revenue cycle policies to support Practice administration.
The Manager will provide support or consulting services for the Practice in the following third-party payer contracting and relationship management resourcing areas:
Evaluate Practice’s various third-party payer contracts and provide recommendations on payer strategies.