Improve Efficiency and Help Control Costs with Medical Practice Management Services

Medical Practice Management ServicesIn light of the decline in physician reimbursement and the drive to improve the quality of care, practices and health system leaders are considering new methods of managing the business side of medicine. The healthcare reform landscape has impacted physicians on every level, and the changes affecting payor networks and contracts, care models, technology requirements, and staffing alone are challenges that take a practice leader's focus away from delivering high-quality patient-centered care.

Typically, there isn't enough time or resources for physicians to address these issues effectively, and health systems typically do not have the expertise needed to manage their newly employed medical practices effectively or to recruit the right kinds of physicians. The decision to partner with an expert to administer core medical practice management functions is one that can improve the trajectory of a practice and the satisfaction of its top physicians.

Dedicated Accounting, Payroll and Financial Management Services

McKesson can provide cost effective resources that are not only knowledgeable in accounting, payroll processing, banking reconciliation, cash-flow monitoring and finance, but also have deep healthcare domain knowledge and extensive specialty experience and expertise.

In addition, ongoing practice improvement includes benchmarking to industry standards, reviewing processes and procedures to help ensure accuracy and compliance, and helping to make sure that accounting and financing operations match the objectives of the business. Each client is assigned a dedicated Financial Manager to handle all aspects of the non-clinical aspects of the practice including finance, monthly financial reporting, retirement planning and advice on debt management.

Management Guidance and Strategic Planning

McKesson experts guide medical practices to reach their maximum potential with respect to clinical, operational, and financial outcomes. The range of services encompass critical practice functions such as strategic planning, growth management, medical practice management, operations, clinical care coordination, physician onboarding and integration, provider network management and more.

Equally important is the guidance McKesson provides in the areas of clinical care coordination and system transformation as strategies to grow the group to achieve the “triple aim” to optimize the patient care experience, population health, and the cost of per capita care.