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Practice Management Associates
Building Healthier Medical Practices
The current health care environment seems to be in a constant state of turmoil. With the never ending changes and implementation of the Affordable Health Care Act (ObamaCare), changes to Medicare, Medicaid, the lowering of reimbursement by all Payers, higher malpractice premiums, new federal regulations, increasing competition, practice consolidations and decreasing profit margins, physicians in today’s health care environment are forced to face many internal and external business challenges. Physicians cannot afford to ignore these and other business issues while they spend their time delivering quality health care to their patients.
Additional challenges lie within your practice. Employees on your staff who you rely on, through no fault of their own, may not be knowledgeable or skilled at addressing many of the business of medicine challenges you face: proper coding , billing and claims submission issues, EMR (Electronic Medical Records), training and development of other employees, negotiating reimbursement agreements, collection efforts, growing market share through effective marketing of the practice, improving customer satisfaction, redesigning of the organizational structure, expanding the entire practice into multiple sites or acquiring additional practices, if needed.
As you can see, whether you’re a solo-practitioner or part of a large multi-speciality group, managing a successful practice is a complicated process that requires you to make decisions that will have an impact on your bottom line. To be successful, you need the proper counsel and guidance in dealing with these complex problems.
Experience
Headquartered in the greater Chicago area, Practice Management Associates provides comprehensive business solutions to physician practices and healthcare organizations nationwide. With over 50 years of first-hand experience, we understand the enormous effort it takes to establish and maintain a successful practice. We offer our clients our expertise in several specific areas that will build a healthier medical practice. Our focus lies squarely on the business of medicine, which every physician’s office is engaged in daily, so that you can concentrate on providing quality patient care. We dedicate our time and efforts with each of our clients in creating a more productive and profitable environment within their practice.
Expertise
Our specialists have hands-on knowledge of the healthcare industry. Practice Management Associates understands the everyday challenges faced by medical providers. We won’t give you theory; we’ll give you solutions. From problem analysis to solution implementation, our team will provide the knowledge, skill and technical experience to help your practice secure the profitable future you’ve worked so hard to achieve.
Excellence
Practice Management Associates is a results-driven practice management consulting firm dedicated to the needs of healthcare providers. Our mission is to improve the business and financial health of the clients we serve by making a positive impact on their growth, development, expansion and profitability. We work closely with Physicians, Surgeons, Dental Groups, Ambulatory Surgery Centers, Chiropractic Physicians and other medical professionals to provide the necessary solutions for their business needs.