Customized solutions designed to enhance your practice's performance
More than ever before, community practices are being challenged to improve patient outcomes and reduce costs while complying with increased reporting requirements. As the healthcare industry continues to shift towards value-based care, your practice needs a team it can count on.
From payer contracts to back office operations to reporting and analytics, every aspect of your practice is unique and should be optimized to help you deliver best-in-class care. With experience in a variety of specialties, including oncology, rheumatology, ophthalmology and others, Innovative Practice Services℠ provides consulting and analytics tailored to meet the specific needs of your practice. Our full range of solutions includes strategic planning, project management, technology integration and customized work specific to community practice needs.
A vision for your practice's growth
We're committed to helping your community practice succeed so more of your time can be spent focusing on what truly matters, your patients. We begin by meeting one-on-one with key practice stakeholders to identify needs and pain points. Our Innovative Practice Services team of experts will then present improvement recommendations with your goals and bottom line in mind. Collectively, we'll work together to define major milestones and Key Performance Indicators (KPIs) to measure success.
Innovative Practice Services areas of expertise include:
Revenue Cycle Management
Understanding your practice's revenue cycle is key for continued growth. Innovative Practice Services can assess your collection processes and provide best practices in the following areas:
- Payer and patient collections optimization
- Financial counseling and patient assistance programs
- Analytics, reporting and benchmarking
- Standard operating procedures and job descriptions
Managed Care & Value-Based Reimbursement
When was the last time your practice received or negotiated a fee schedule increase? Our advisors offer expertise in payer contracting and reimbursement, including:
Billing & Coding
With changing requirements and the shift to ICD-10, it is more important than ever before that all the right charges are captured, documented and billed to ensure your practice is compensated for services it provides. Innovative Practice Services offers:
- Charge capture audits
- E/M chart reviews
- Contract variance analysis
- ICD-10 documentation reviews
Customized education can strengthen your staff's understanding of best practices and increase efficiency. Our advisors will start by identifying operational gaps and delivering focused education to:
- Improve documentation and reduce audit risk
- Decease denials and manage appeals
- Improve accuracy and productivity