CARDIOVASCULAR PHYSICIAN OPERATIONAL IMPROVEMENT

Confidential Operational Assessment; Practice Profile Report

• Evaluation of internal group management/operations to increase efficiency, improve financial performance, increase physician productivity, enhance space utilization, improve employee morale
• The CFA Customized CV Practice Profile addresses unique practice challenges and operating environments and includes:
• Thorough analysis of all pertinent practice data; review of pertinent state/federal healthcare market data to understand the local/regional market
• On-site initial and ongoing assessment/interviews/consultation(s) with all stakeholders
• Evidence–based, best practice review
• Benchmarks your overall practice performance with like groups locally and nationwide
• Practice Profile Report with action steps and best practice solutions

 Operating Model/Practice Configuration/Culture

• Practice’s vision/goals vs. operating configuration; practice integration planning (strategic, financial and operational levels)
• Practice operations assessments; group governance assessments

 IT Infrastructure

• IT needs assessment: financial, operational and clinical information management
• Information System infrastructure; hardware and software; upgrade requirements; initial purchase and startup costs

 Evidence-Based, Best Practice Review; Benchmarks

• Practice performance vs. like groups locally and nationwide
• Ratio analysis (per physician FTE)
  • Procedures
  • Patient visits
  • Revenues and costs
  • Staffing
  • Office space
  • Collection ratios; A/R

 Practice Operational/Financial Performance Improvement

• Reimbursement enhancement, new revenue sources, billing and collections, A/R management, insurance processing; coding, reimbursement, Medical Records
• Physician and staff productivity improvement; staffing levels vs. benchmarks
• Streamline operations and work flow; reduce overhead; improve scheduling; enhance patient flow/access and patient satisfaction

 Support Staff Capabilities; Interim Practice Management; Staff Recruitment

• Assess staff capabilities; staffing levels vs. practice volume; benchmarking with comparable practices
• Identification of required new positions; development of job description/position specifications; professional contracts and agreements
• Physician and staff prequalification, interviews and selection assistance
• Interim management services:  full/part-time, short or long term, on or off site