The business side of a private practice has numerous components – HR, Revenue Cycle Management, insurance, marketing, accounts receivables and payables, operations, strategy, and on and on. Improving the business operations of a practice can take more than good advice. Someone has to roll up their sleeves, either with staff or independently, and implement changes. Otherwise, the advice doesn’t go anywhere.
Practice Operations Consulting at PBM
Our approach is to be tailored, strategic, and data driven.
Every practice is unique. Our customized strategies are built around your specific goals, challenges, and patient demographics. Our process includes:
- A thorough operational and financial assessment
- Identification of revenue gaps and efficiency opportunities
- A clear, personalized roadmap for growth
- Continued guidance to ensure long term success
We help build a strong financial foundation so your practice can grow with confidence.
Core Services
- Comprehensive Analysis – An onsite deep dive into your practice’s operation and workflows to assess key KPI’s, systems, and overall flow of the practice to identify inefficiencies and uncover new revenue opportunities. These insights empower more informed business decisions.
- Customized Action Plans – your growth plan is tailored to your practice—whether you want to increase collections, stabilize cash flow, or expand your patient base. Our step by step strategies are designed for easy implementation.
- Revenue Cycle Management – streamline verification, claims processing, and collections to reduce denials, improve accuracy, and maintain consistent cash flow.
Revenue Enhancement
- Fee Optimization – evaluate your fees against regional market standards to ensure your pricing accurately reflects the value of your services.
- Coding Accuracy – analyze and refine coding practices to decrease errors and denials while ensuring maximum reimbursement and compliance.
- Expense Management – identify cost saving opportunities that reduce unnecessary spending and allow you to reinvest in sustainable growth.
Practice Growth
- Marketing & Patient Acquisition – design targeted, effective marketing strategies—digital, referral based, and community oriented—to increase visibility and attract high value patients.
- Treatment Plan Acceptance – train your team to communicate clearly, address concerns, and present treatment plans in a way that improves patient understanding and acceptance.
- Productivity & Workflow Enhancement – optimize scheduling, staffing, and operations to boost efficiency, increase capacity, and enhance the overall patient experience.
Midwest Regional Presence, National Attention
We support medical and dental practices on site in Illinois and Indiana. Remote consulting is available nationwide.
Bringing Our Full Services To Clients
We also offer accounting, practice management, tax, payroll, financial planning, and retirement plans to our clients. Providing clients with effective practice management advice requires us to have access to our clients’ financials. Our clients who add on our other services find it easier to deal with their practice management issues when they use us as a single point of contact.