It takes considerable energy and resources to effectively manage a 21st century medical practice. As the complexities of the business side of medicine increase, many physicians are opting to manage their practice with outside resources and recover valuable lost time which can again be used to generate income.
PBN combines powerful data analysis capabilities with 25 years of medical business experience to provide physician groups with regular reporting and analysis. It provides valuable information physicians need for effective business decision-making. Because so many issues are financially based and the level of needs vary, PBN provides three areas of practice management:
General Business Management - Focused on managing the business.
- Financial and Management Accounting, including financial statements.
- Strategic and Annual Planning & Budgeting.
- Business and Malpractice Insurance.
Physician Advocacy - Focused on managing external relationships - payers and hospitals.
- Contract Management, with ongoing monitoring.
- Negotiation.
- Credentialing / Provider enrollment.
- Hospital Relations.
Compensation and Benefits - Focused on managing people - physician and staff relations.
- Physician / staff education, including coding and dictation feedback.
- Physician and staff compensation.
- Benefits (including a cafeteria plan if desired).
- Health, Dental, Eye, Short and Long Term Disibility, Life Insurance.
- Pension / Profit Sharing, 401k Plan Administration.
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