There are several 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 also be fiscally responsible.
The HPS Solution
HPS Solutions provides full-service practice management, practice development, and start-up services offering both extended and interim management support for physician practices. Extended support provides onsite placement for long-term or ongoing needs. Interim support helps maintain the office integrity during times of crisis, change, or scheduling issues. HPS Solutions provides administrative support to assist our clients in the following areas:
Financial Management
- Operating budget development and management
- Financial analysis
- Revenue cycle analysis and oversight
- Coding and reimbursement policies and procedures
- Fee schedules development
- Payer contract negotiation
- Payer reimbursement analysis
Human Resources
- Recruitment
- Compensation and benefit plans
- Workforce planning
- Job description development
- Employee appraisal and evaluation systems
- Employee training and development
Governance and Strategic Planning
- Governance planning and development
- Strategic planning
- Feasibility analysis
- Business plan development
- Corporate bylaws and operating agreement development
- Facility planning and development
Health Information Technology
- Electronic Health Record (EHR) and electronic practice management (EPM) system needs analysis
- EHR and EPM procurement and implementation
- EHR and EPM training and development
Risk Management and Compliance
- Practice compliance program development and oversight
- Liability insurance needs assessment and procurement
- Compliance auditing
- Medical record coding review
Clinical Operations
- Operations planning
- Staffing analysis and scheduling
- Patient flow process assessment and development
- Clinical process improvement programs
- Operating policies and procedure development