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Consulting | Practice Management | Operations Management | Financial Services
| - Legal, Accountant, Insurance, Malpractice, Retirement Plan, Fringe Benefits, Investments, and Banking |
| all requirements of adding a new Physician to the Practice including Credentialing, Contracting, Legal, and Checklist |
| all physician separation details Retirements & Terminations |
for Malpractice Coverage, Business Insurance, and Health policies benefits. |
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| options for Retirement Plan design & funding |
| of staff: Clerical and Administration |
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| Medical Billing System and Collection Agencies |
Practice fee schedule allowances |
third party remittances equal contracts |
customized reports to monitor progress |
monthly dynamic budget by third party to identify performance indicators |
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| Monitor reimbursements, Set up Credit Master, Design a monthly Calendar |
| all aspects of the income system as well as financial results |
| a comprehensive Work Plan |
| comparative benchmark data |
| Billing Coordinators for on-site interface |
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Customized user friendly monthly Financial Reports with a full display of information. Target problems and highlight critical income and expense categories.
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HBP utilizes an efficient payroll service that offers direct deposit, payroll tax filing, automatic check signatures and pre-tax deductions.
Working in conjunction with your accountant we assure correct withholding and track payroll costs as well as time benefits.
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Timely vendor payments assure cost effective relationships. Accurate vendor-segregated records for accountant and practice review are maintained.
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Patient refunds are expedited to avoid patient complaints which foster improved patient relations.
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Development of financial forecasts to aid in planning and preparing for future financial expectations.
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Work with Practice Accountant to assure minimal tax liability. Assure Practice Plan is properly aligned.
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HBP utilizes its knowledge of the Practice environments to develop ad hoc analysis aimed at providing better management decisions.
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Every dollar is assured the maximum interest earnings through aggressive money transfers.
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HBP provides a unique lockbox product that goes far beyond the services offered by banks. Processing payments at our office allows immediate monitoring of payments from insurance companies, patient complaints pertaining to the billing system, bad address returns, etc. We provide a daily Lock Box Log (click here to view Lock Box Log Example) that provides history of deposits by third party. This can be compared to the monthly budget for each payer and provide historical payments.
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