Physicians and Physician Practices

In an age of rising costs, reimbursement challenges, changing technologies, and eroding operating margins, physicians are under intense pressure to consistently evaluate and monitor their operations and finances. Elliott Davis Decosimo services each physician practice with a team of professionals dedicated to every aspect of physician practice management from accounting to coding and billing to compensation planning and strategic practice development and transaction consulting. Our Healthcare team is comprised of former practice executives, practice professionals, hospital CFOs, controllers and other professionals with operational experience across a variety of medical settings. Let us help you manage your business challenges and industry complexities so you can focus on patient care.

Physicians and Physician Practices Solutions

Revenue Cycle Consulting

  • Accounts receivable analysis, benchmarking and revenue cycle dashboards
  • Coding accuracy and contract payment analysis
  • Due diligence in identifying reimbursement opportunities
  • Insurance and patient billing consulting
  • Patient management systems
  • Managed care contract review and negotiations
  • Fee schedule analysis

Accounting Resources

  • Accounts payable and cash management
  • Bonus/income distribution plan administration
  • Budgeting, forecasts and projections
  • General ledger maintenance
  • Monthly financial statement compilation & analysis
  • Payroll administration
  • Preparation of payroll, sales and & use tax returns

Tax

  • Income tax returns for practices and physicians
  • IRS representation
  • Research, planning and strategy

Healthcare Consulting

  • Ancillary development
  • Practice assessments
  • Provider profitability analysis & improvement
  • Strategic business planning and implementation
  • Compensation/bonus plan formulations
  • HIPPA security rule assessment
  • Compliance assistance with HIPPA and Stark
  • Joint venture evaluation and implementation
  • Physician compensation fair market valuations
  • Expert witness testimony
  • Workflow modeling & staffing efficiency advisory
  • Hospital acquisition of physician practices
  • Fair market valuation of services, products and transactions

Read more about Physicians and Physician Practices.