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October 30, 2020
a deconstructed MSO

The Vision Behind a Deconstructed MSO | WWMP

Throughout the last 50 years, it has become a trend for healthcare private practice's to turn over the control of their day-to-day operations. The way that they achieve this as they partner with what's called an MSO, a management services organization. In theory, it's incredible. Doctors get to focus on doctor work, and a third-party organization runs their day-to-day business operations. In many cases, this includes everything from billing, HR, member services, utilization management, marketing, reputation management, you name it. Worse yet, I've seen pediatric therapy private practices leave over $50,000 in lost revenue.
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October 24, 2020
optimum payer mix

The Optimum Payer Mix | Building Your Billing Department

Let me ask you a question, how much revenue has your private practice lost due to simple revenue cycle management mistakes? After 12 years of auditing private practices, books, operations, and systems, I've found a trend of private practices leaving tens of thousands of dollars on the table on an annual basis. Worse yet, I've seen pediatric therapy private practices leave over $50,000 in lost revenue.
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October 20, 2020
5 Strategies For Optimizing Your Billing & Collections Process

5 Strategies For Optimizing Your Billing & Collections Process

Let me ask you a question, how much revenue has your private practice lost due to simple revenue cycle management mistakes. After 12 years of auditing private practices, books, operations, and systems, I've found a trend of private practices leaving tens of thousands of dollars on the table on an annual basis. Worse yet, I've seen pediatric therapy private practices leave over $50,000 in lost revenue.
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October 19, 2020
a simple cash flow statement2

Developing a Simple Cash Flow Statement for Private Practice [2020]

Understanding a simple cash flow statement for your Private Practice You’ve heard the sane, cash is King.  Of course it is, but understanding how we look at cash flow is essential to making practical business decisions. We can sometimes make some pretty bad decisions because cashflow can also be misleading in […]
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October 6, 2020
data analytics in healthcare

The Role Of Data Analytics In Healthcare in 2020

Understanding Data Analytics in Healthcare Data analytics’s primary role is to help the entrepreneur better manage money, capital, and human resources by making well-informed decisions affecting the healthcare firm. In healthcare management, data analytics bank on artificial intelligence to break down complex numbers into easily-understandable bits of information and provide a correct […]
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February 18, 2019
The Secret to Effective Ownership Succession Planning 2 1972172

The Secret to Effective Ownership Succession Planning

Succession planning is an extremely important aspect of any practice. Succession planning should be looked at through multiple lenses inclusive of leadership succession plan and ownership. Once a practitioner reaches a certain point in their professional journey, retirement becomes a reality they can see in the near future – the consideration of a succession plan becomes a very important decision.
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June 8, 2018
Plants Growing out of Stacks of Coins

Should I Take Out a Loan to Start My Business?

Starting business is exciting for any new business owner. You have so many plans in mind, and are probably excited to introduce your product to the marketplace. As you begin setting up, finances are most likely the first thing on your mind. One option to gain capital is to take out a loan. Before you decide whether or not taking out a loan is a good idea, there are several factors you should take into consideration.
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 If you’re a private practice owner and want to maintain autonomy in your business while pushing for more growth, a Healthcare Management Service Organization (MSO) may be the solution you are seeking to optimize efficiency, find the right people, increase revenue, and reach new patients.

New from our blog

How Do You Keep in Good Communication with Employees?

The most essential part of any relationship is communication, and that is definitely the case between employers and their employees. The duties of a job can sound cut and dry, but in reality, there are so many small details that go into making a business run, and having good communication

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