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practice start-up and merger services
Are
you ready to go do it on your own?
Do you want to get back to doing
what you do best - Practicing medicine?
Are you interested in buying an
existing practice or joining a group practice?
Do you want to be your own boss
and be responsible for your own profits?
While it takes a minimum
of ten years for a person to become a physician, opening a practice produces a
small business owner in one day. Your many years of medical education probably
did not include information on medical office operations, personnel management,
accounting, coding, compliance, business or medical law. With over twenty years
of experience in starting up medical practices, Kerkering Barberio has the
resources to guide you; from finding office space and purchasing equipment to
developing fee schedules and Medicare enrollment.
Today's practice
environment requires physicians to assume many additional roles as business and
financial managers and coding and compliance administrators. New practices and
significant practice expansions must present a sophisticated business plan in
order to request financing. Corporate structure, licensing, office space,
staffing, insurances, and accounting procedures must be decided on and acquired
prior to opening a practice. Medicare enrollment is crucial to ensure cash flow
to the practice. Personnel manuals, compliance manuals and billing and
collection procedures are important components for the operation and ultimately
the profitability of the practice. Finally, malpractice protection from
malpractice claims and retirement planning need to be considered.
With our experience, knowledge and
industry contacts, Kerkering Barberio can help you navigate the maze of opening
or joining a practice and help you manage your business as it grows. We offer
the following physician start-up services:
- Discuss an initial checklist of start-up requirements.
- Prepare a business plan including a budget of income and expenses for
start-up and the following 36 months.
- Prepare enrollment applications for Medicare and assist with enrollment
updates.
- Advise on appropriate medical malpractice insurance coverage and finance
protection.
- Evaluate coding and reimbursement policy impact on charges.
- Assist in design of Encounter Ticket and Hospital Charge Ticket.
- Assist in Fee Setting and analysis of Managed Care Contracts and Fees.
- Assist with office staff recruiting; such as receptionist, office manager,
biller.
- Provide coding and compliance policies and procedures (i.e. HIPAA, OIG
Compliance).
- Provide job descriptions for business office personnel.
- Develop personnel manual.
- Advise as to master file set up of practice management software in areas
of:
- Fee schedules.
- Procedure codes.
- Scheduling.
- Adjustment codes.
- Setup monthly practice analysis reports for management.
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