Practice Management and Development
HPS provides full-service practice management, practice development
and start-up services.
There are a number of indicators of success for today’s medical practices including the delivery of high quality care, meeting the needs of the service area and attaining high levels of patient satisfaction. An additional indicator is the practice’s ability to meet its financial and operational objectives.
While the physician practice requires expertise in all areas, it must be fiscally responsible at the same time. HPS Solutions provides administrative support to assist our clients in the following areas:
Financial Management
There are a number of indicators of success for today’s medical practices including the delivery of high quality care, meeting the needs of the service area and attaining high levels of patient satisfaction. An additional indicator is the practice’s ability to meet its financial and operational objectives.
While the physician practice requires expertise in all areas, it must be fiscally responsible at the same time. HPS Solutions provides administrative support to assist our clients in the following areas:
Financial Management
- Development and management of operating budgets
- Conducting financial analysis
- Coding and reimbursement policies and procedures
- Fee schedule development
- Negotiating third-party contracts
- Payor reimbursement reconciliation
- Recruitment
- Compensation and benefit plans
- Workforce planning and job description development
- Employee appraisal and evaluation systems
- Employee training and development
- Labor law compliance
- Strategic planning and business plan development
- Practice marketing and community outreach
- Information system needs analysis
- Information system procurement and implementation
- Information system training and development
- HIPAA, OSHA and other practice compliance programs
- Assessment and procurement of practice liability insurance
- Compliance audits
- Manage the organizational development process
- Evaluation of corporate bylaws
- Develop and implement quality assurance programs
- Business operations planning
- Staffing analysis and scheduling
- Purchasing and inventory control system development
- Patient flow process assessment and development
- Facility planning and development
- Licensing, credentialing and re-certification monitoring
- Clinical process improvement programs
- Operating policies and procedures
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