Success in medical practice management must be planned, implemented and managed to support your very unique goals and to surmount any challenges specific to your practice.
Whether you run an established practice or are just starting up, the first step toward improvement is an extensive evaluation of your current situation. Our senior management consultants will perform an in-depth assessment of the financial and operational health of your organization. They review operations, cash flow, patient volume, flow, and satisfaction as well as the management and placement of employees. You then receive a detailed report of the findings and a strategic plan designed to improve each area of the practice.
The relationship really begins with the implementation of the plan. Our team works to turn the plan into reality. By implementing the plan, we help clients experience greater practice profits, increased patient satisfaction, improved employee morale, and reduced stress for the physician and staff.
An IDP Management Practice Assessment is the equivalent of performing a complete history and physical on your practice. Whether you think you are in wonderful shape or are in significant financial or operational pain, our consultant(s), who specialize in medical and health care practice management, will examine every aspect of your practice and report the findings.
After performing the assessment, your consultant will meet with you in person to present a comprehensive review of the findings as well as recommendations for improvements. You will have a clear understanding of how to take your practice to the next level.
The results of a IDP Management Practice Assessment empowers you with the knowledge and guidance that can help improve your profits and free you up to enjoy practicing medicine again! Clients who follow the recommendations experience:
Every medical practice has its own unique challenges and provisions, and your assessment may include, but is not limited to an in-depth review of:
IDP Management is a unique medical and dental practice consulting firm in that we employ experts in just about every aspect of practice management. Access to so many resources enables us to help clients increase profits, improve patient and employee satisfaction, and reduce stress for the provider(s) and staff.
Our first step with you as a new medical or dental consulting client is to perform a comprehensive review of your medical practice. To put the concept in medical terms, it is the equivalent of a complete history and physical on your practice. From this review we develop a strategic plan; or we will review the one you already have in place. Whether you think you are in wonderful shape or whether you are in significant financial or operational pain, our medical and health care practice management consultants will examine every aspect of your practice and report their findings.
Once we have identified the areas of priority within your medical practice, we effect changes through the IDP Management Easy Management System (EMS). This is our treatment for the most common ailment among physicians – the struggle between being successful in medical office practice life and enjoying personal life. The words “easy” and “management” usually are not used in the same sentence when part of your life is spent in a medical practice. The Easy Management System, for dental or medical office management, helps smooth the peaks and the valleys in your stressful professional environment and helps you enjoy both your practice and your personal life.
Please keep in mind that IDP Management does not own medical practices; we provide management services for your medical office. We always work for the physicians; they never work for us. You are always in complete control of your medical practice. We are the consultants who help you decide what needs to be done AND the dental and medical office practice management team who helps you accomplish your goals. You look to us to “make it happen.” We constantly bring new and better ideas to you in order to constantly move your physician or dental practice forward to the proverbial “next level.”
We work very closely with the practice manager. The practice manager may be our employee or yours – it’s your choice. Often you have a very capable manager in place, but he or she is simply overwhelmed with everything required of medical practice managers today. We surround the manager with our team of medical practice specialists coordinated by one of our Senior Management Consultants. Some medical practices have either lost a manager or think that their current manager has reached a level of management beyond their capability. In those cases, we help find the right person who has the dental or medical practice management experience and who, again, will be employed by either IDP Management or the practice – your call.
EMS involves periodic on-site visits to the medical practice by most of the DM management team and constant communication via phone, e-mail and video conferencing. Help for the manager is just a phone call away. At monthly business meetings with the physicians, the consultant team leader and the manager will set priorities for the short, intermediate and long-term goals. Physicians look to IDP Management to plan and execute the game plan for achieving your medical or dental practice management goals. You can focus on practicing medicine and leave the problems of medical office practice management to us.
IDP Management stands out as an exceptional medical and dental practice consulting firm, thanks to our diverse team of experts covering various facets of practice management. This extensive range of resources empowers us to assist clients in boosting profits, enhancing patient and employee satisfaction, and alleviating stress for providers and staff.
As a new client seeking medical or dental consulting services, our initial step is to conduct a comprehensive practice review. Think of it as a complete history and physical examination for your practice. Based on this review, we will develop a strategic plan tailored to your specific needs. If you already have a plan in place, we will evaluate and refine it accordingly. Regardless of whether you believe your practice is in excellent condition or facing significant financial and operational challenges, our dedicated team of medical and healthcare practice management consultants will thoroughly analyze every aspect of your practice and present their findings in a comprehensive report.
At IDP Management, we understand the challenges physicians face in balancing their professional and personal lives. That’s why we have developed the Easy Management System (EMS) to address this common struggle. Our goal is to make practice management easier, smoothing out the highs and lows of your demanding work environment, allowing you to enjoy both your practice and personal life.
It’s important to note that IDP Management does not own medical practices; instead, we provide management services for your medical office. We always work for the physicians, putting you in complete control of your practice. As consultants, we assist you in determining what needs to be done and act as a dental and medical office practice management team to help you achieve your goals. We constantly bring fresh ideas to the table, continuously propelling your physician or dental practice forward to the next level.
We work closely with practice managers, whether they are our employees or yours, based on your preference. In many cases, capable managers are overwhelmed with the demands of modern medical practice management. That’s where our team of medical practice specialists, overseen by one of our Senior Management Consultants, comes in. We provide support to your manager, ensuring they have the resources and expertise needed. If your practice is without a manager or requires a replacement, we can assist in finding the right candidate with dental or medical practice management experience, who will be employed either by IDP Management or your practice, according to your decision.
EMS involves periodic on-site visits by our management team, along with continuous communication through phone, email, and video conferencing. Help for your manager is just a phone call away. During monthly business meetings with physicians, the consultant team leader and the manager collaborate to establish priorities for short, intermediate, and long-term goals. Physicians rely on IDP Management to plan and execute strategies for achieving their medical or dental practice management goals. With us taking care of the problems of medical office practice management, you can focus on practicing medicine.
The success of your practice rests largely upon effective management of your revenue cycle. A comprehensive review of your current billing processes, policies and procedures can help you discover where your practice is missing revenue opportunities.
DoctorsManagement offers a comprehensive review of your revenue cycle process, which includes:
Billing and Accounts Receivable Evaluation
Preventive Measures
Information Technology
Workload & Qualifications
Our in-house team of consultants and specialists are among the highest trained in the industry due to our unique position as the parent company of NAMAS, a premier educator for coding recognized by the American Academy of Professional Coders (AAPC). They understand the complexity of your environment and have significant experience across the entire continuum of the revenue cycle. We bring in-depth knowledge of practice operations, compliance, billing regulations, productivity indicators and benchmarks, and information systems.
Knowing and overseeing the thousands of details required for a successful medical practice start-up is not the only key to success. The key is to achieve the tasks in the proper sequence and to know which tasks are prerequisites for others. This helps keep your start-up on schedule, avoids costly delays, and prevents you from delaying important decisions that impact profits.
Physicians often think they can save a few dollars with a do-it-yourself start-up; however, this often costs them tens of thousands of dollars over the first few years of their practice. For example, not getting credentialed with the right carriers can cause you to miss two additional new patients per day for the first three months. That translates to $300 per day, or up to $6,000 per month of missed revenue. Also, the right marketing plan might bring in three more patients per day for the first two or three years. Without the right plan, you could cost yourself tens or even hundreds of thousands of dollars. These are only a few examples of how a proper start-up strategy can positively impact your profits for years to come.
The above examples are some of the costs of simply relying on a checklist. Even the most comprehensive list can’t convey the key elements of success, nor can it convey the value that comes with the experience of having set up medical practices for over 50 years.
Physicians often think they can save a few dollars with a do-it-yourself start-up; however, this often costs them tens of thousands of dollars over the first few years of their practice. For example, not getting credentialed with the right carriers can cause you to miss two additional new patients per day for the first three months. That translates to $300 per day, or up to $6,000 per month of missed revenue. Also, the right marketing plan might bring in three more patients per day for the first two or three years. Without the right plan, you could cost yourself tens or even hundreds of thousands of dollars. These are only a few examples of how a proper start-up strategy can positively impact your profits for years to come.
The above examples are some of the costs of simply relying on a checklist. Even the most comprehensive list can’t convey the key elements of success, nor can it convey the value that comes with the experience of having set up medical practices for over 50 years.
Our team has helped hundreds of physicians launch successful medical practices, and we have refined the process to help ensure a successful practice start-up. We provide start-up services for
We know what needs to be done and we know how to do it effectively and efficiently. We can even work with you after the initial medical practice start-up to help keep you moving into higher levels of professional success.chedule a time to talk with one of our start-up experts today to learn how our team can help reduce the stress of opening a practice and how you can enjoy the personal and professional satisfaction that comes with venturing into this exciting stage of your career.
As healthcare has evolved toward a more patient-centered model, healthcare providers are focused on offering the services their patients want in facilities that meet them where they are. IDP Management has successfully worked with clients to provide the right buildings in the right locations, and we build with the flexibility to meet patients’ changing needs.
Doctors, Surgeons, and Dentists.
Working for you
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