Article | March 22, 2022

Medical Practice Assessment

The Current Environment

For many reasons—managed care, compliance, third-party payers, regulators and declining reimbursements—the need to conduct a careful and comprehensive assessment of practice operations and financial management is necessary. Like any business, if a medical practice is going to succeed, it must continually assess its operations and monitor performance.

Approach to Improvements

KHC’s assessment is designed to respond directly to a Practice’s specific needs, goals and objectives. We begin with on-site observation and evaluation of the provider and staff in action, focusing on improved work flow in the office – making employees’ work time more productive by eliminating unnecessary tasks and improving process. We follow with a detailed analysis of your data and provide clear, useful practice management information, tools and benchmarks to measure and monitor practice performance.

Our Assessment can be comprehensive or focused exclusively on selected areas. Some areas we can assist you with:

  • Evaluate Practice productivity/profitability
  • Improve appointment scheduling and patient flow
  • Financial review
  • Evaluate billing and collection policies
  • Review fee structure
  • Compliance review
  • Analyze accounts receivable level
  • Coding/Documentation Training
  • Evaluate marketing and expansion plans
  • Assist in HMO/PPO contract negotiations
  • Personnel management review and staffing analysis
  • Assist in physician contract negotiations
  • Evaluate logistical and operational aspects for improved profitability