Millennium Healthcare Consulting, Inc.'sŪ team of professionals and strategic
alliance partners possess the expertise to perform an objective assessment of
the "financial and operational pulse" of your medical practice or hospital-based
central business office functions. We will develop a customized work plan
followed by Millennium Healthcare's on-site visit of your practice or operation.
We will evaluate your medical practice and business office profitability and
efficiency by reviewing the following areas :
- Billing/Collection Procedures including Claims Denials/Appeals Process
- Accounts Receivable Analysis by Major Third-Party Payors
- Design and Implement a customized "key indicator report" for your practice or healthcare entity.
This "key indicator report" will track and monitor the key financial and operational performance of your practice
or healthcare entity such as Accounts Receivable Management, Productivity, Financial Trends, Managed Care Analysis,
Staffing Mix and Ancillary Services Utilization
- General and Administrative Overhead (Cost Control Studies) and Comparisons to Industry Peers
- Patient Scheduling and Front Desk Patterns and Practices
- Fee Schedule Analysis
- Third-Party Payors Contract Analysis
- Revenue impact analysis and capitation performance