NEARM’s highly-trained and experienced team possesses the medical practice management expertise to help you:
- optimize practice income
- reduce overhead
- minimize compliance risks
- shorten payment cycles
- maximize revenue
- increase profitability
Our consulting services include:
Strategic Planning & Implementation
NEARM can facilitate working sessions to forecast the potential positive and negative impact of possible changes in your practice, and assist you in strategy development and deployment to minimize possible downsides.
Account Receivable Management Analysis
NEARM will show you how to streamline the medical procedure-to-cash cycle through:
- claim preparation and submission protocol evaluation, making process improvement recommendations
- estimating the aging by carrier
- supervising your outstanding receivables reduction efforts
Our A/R analysis will help you find the right balance between practice relationships and time cash flow – thus improving the strength of your business.
Fee Schedule Development & Review
NEARM will help you stay on top of your financial arrangements with both public and private insurers, while also taking into consideration how these arrangements will affect your patients.
Electronic Medical Records Systems
NEARM can put it’s 30+ years of experience in healthcare administration and billing to help you find the right EMR system for your practice and budget.
Staffing & Productivity Analysis
Installing state-of-the-art technology may hold the promise of quick gains, but if you do not understand how your staff is using the technology in your office, it is hard to tell if you investment is paying off.
Encounter Form Development & Review
A thorough review of your practice’s encounter forms by NEARM will ensure forms reflect the totality of services offered and performed in your practice. Improved forms help practices capture previously lost revenue.
A comprehensive chart audit by our NEARM team will analyze your medical records and previous coding to check for under-documenation, improper code selection and discrepancies. Implementation of recommended coding procedure updates often result in faster reimbursements and increased revenue.
Conducting an internal chart audit can also help protect your practice from repeated coding errors and incorrect reimbursements, which can increase the potential for a practice to be subjected to an audit.
OIG Compliance Integrity
The Office of the Inspector General (OIG) issues and monitors a series of agreements healthcare providers must adhere to in order to ensure participation in federally-funded healthcare programs.
Ensuring your practice operates in compliance of these guidelines can be a detailed and time-consuming exercise – with NEARM’s expertise you can rest assured your practice will follow all mandated guidelines, without this becoming a burden to you and your staff.
Contact NEARM today for more information on our
Billing, Consulting, Credentialing or Training Services,
or to schedule a free, no-obligation Accounts Receivable Analysis.