CONSULTING

		Practice Plans/Development
		Prepare RFP, Evaluate and Negotiate Billing System Agreement
		Collection Agency
		Strategic Planning (3,5 year plan)
		Business Plan Creation
		Negotiations with Hospitals/Third Parties
		Reimbursement Analysis
		Fee Structure both "PC and TC"
		Compliance Plans, Development and Monitoring
		Strategic Alliances/Regional Initiatives
		Joint Ventures
		Evaluate/Recommend Professional Advisors
		Practice Valuation for Buy In/Out and Sale/Merger

 
PRACTICE MANAGEMENT
 

		Coordination of Advisors: Legal, Accountant, Insurance, Malpractice, Retirement Plan, Fringe Benefits, Investments, Banking
		Manage all requirements of adding a new physician to the practice: Credentialing, Contracting, Legal, Checklist
		Arrange all physician separation details (Terminations)

		Recommendation for malpractice coverage
		Analysis of fringe benefit plan/renewal
		Prepare options for retirement plan
		Implement new department / hospital IT systems
		Administration of Practice Plan
		Valuation of Account Receivable
		Management of Facilities
		Supervision and training of staff: Clerical, Administration, technologists
		Administration of Human Resources

 
Management of operations

		Supervise/Audit Medical Billing System and Collection Agencies
		Analyze Practice fee schedule and allowances
		Track credentialing activity
		Confirm third party remittances vs. contracts
		Design customized reports to monitor progress
		Calculate monthly dynamic budget by third party to identify performance indicators
		Review all aspects of the income system as well as financial results
		Manage all operational functions
		Maintain a comprehensive work plan
		Develop comparative benchmark data
		Provide CPT and ICD-9 certified coding
		Supply billing coordinators for on-site interface
		Organize and Maintain an Operations Manual

 
FINANCIAL SERVICES

Financial Reporting
		HBP prepares user friendly monthly Financial Reports with a full display of monthly information.
		Our reports identify problem areas and highlight critical income and expense categories. They also serve as the tool for data comparison
		Financial reports are customized for each practice
Payroll
		HBP implements a payroll service that provides direct deposit, payroll tax filing, automatic check signatures, and pre-tax deductions
		Working in conjunction with your accountant we assure correct withholding, and keep track of practice payroll costs and time benefits.
Accounts payable
		Timely vendor payments assure cost effective relationships. Accurate vendor-segregated records for accountant and practice review are maintained
Patient Refunds
		Patient refunds are expedited for improved patient relations
Budgeting and Forecasting
		HBP develops financial forecasts to aid in planning and preparing for future financial expectations
Financial Analysis
		HBP utilizes its knowledge of the Practice environments to develop ad hoc analysis aimed at providing better management decisions.

STAFF TRAINING/CLIENT SERVICES

		Recognize the importance of every inbound phone call to your marketing effort
		Turn every inbound phone call into a sales opportunity
		Overcome objections
		Use a wide range of customer service skills
		Create and streamline successful systems for tracking and follow-up
		Train in-house staff for client services
		HBP Client Representatives for training or part time positions