For over 15 years MpowerMed has helped physicians navigate the seas of ever changing healthcare. Physicians have relied on the advice and our counsel to guide them to higher revenue streams and profitability.
MpowerMed provides expert advice to help physicians manage and grow their practice. We also help physicians and their staffs rediscover the joy of practicing medicine. This is accomplished by helping physicians focus on what they do best. Ironically this not only makes them happier, they usually discover they make more money too.
Our Process
MpowerMed advises physicians in the business aspects of running a medical practice.
- We start by helping you clarify the objectives you wish to achieve and the areas of your practice you would like to improve.
- Implement a streamlined and efficient medical practice assessment based on your unique needs to identify improvements quickly and efficiently.
- Analyze the results and provide you with actionable data. We don’t just tell you what to do. We tell you how to do it.
What area of your practice do you want to improve?
- Generate more revenue and profitability
- Improve productivity
- Improve cash flow
- Create effective processes
- Create better financial reporting and metrics
Your physicians know how to practice medicine and MpowerMed knows how to manage your practice. Let MpowerMed expertly shoulder the burden of managed care, staffing issues, cost-effectiveness, EHR implementation, OSHA and HIPAA compliance and any other administrative or operational issues that take your attention away from the actual practice of medicine.
Cash Flow Improvement
- Cash flow analysis
- Improve coding and contract fees
Generate New Revenue
- Establish new services/products
- Capital Equipment ROI
Improve Revenue & Profitability
- Medical billing procedures
- Review contract fees
Business Analysis Framework
- Establish Budgets
- Marketing and sales strategy
Improve Operations Procedures
- Patient satisfaction & experience
- Streamline processes
Improve Productivity Standards
- Productivity analysis
- Staffing analysis
Improve Coding Accuracy
- Coding Audits
- Transition to ICD-10
Fees & Contract Negotiation
- Improve current contracts & fees
- Compare to industry standards
We provide the following services:
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Full operational assessment of your practice (or hospital department), which includes analysis of needs by direct observation, conducting staff interviews, administering surveys and recommending solutions that are cost-effective, patient-centric and designed to streamline operational flow
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Front end operational assessment that is designed for reorganization of front desk duties, streamlining tasks and flow, and assignment of insurance verification tasks; utilizing the aforementioned principles
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Complete analysis, including recommendations if your practice is a new start-up
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Appraise the market value of your practice for transfer of ownership or joint venture arrangements
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Provide staffing for your requirements
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On-site implementation of recommended changes, including interim management, for a pre-determined duration or until the task is optimally under control.
