Physician Contracting
Physician contracting is one of the many healthcare financial services provided by Pershing Yoakley & Associates. We understand that hospitals and physicians today face a complicated array of pressures and challenges. We offer innovative approaches to address operational, strategic and financial needs such as physician contracting.Our related services include:
- Physician Practice Assessment: Comprehensive or Limited
Focus on both operational and financial issues and make specific recommendations for improving practice efficiency and profitability. - Crisis Management Assist in crisis situations such as waning financial performance, loss of key physicians, staff or management issues, poorly negotiated managed care contracts with major payers, or inquiries by governmental or regulatory authorities.
- Interim Management
Manage on an interim basis, from a key leadership position, during recruiting. - Managed Care Contract Evaluation
Evaluate financial impact of contract fees offered by a managed care organization; provide feedback on contract terms. - Physician Compensation/Income Division Plan
Develop physician compensation models that align incentives of practitioners and the parent organization. - Regulatory Compliance Program Development
Facilitate the development of a compliance plan that includes coding and documentation reviews and assessment of compliance risk; provide customized extensive education and training on coding, documentation, and billing topics; assess billing procedures for efficiency and billing compliance; facilitate development of OSHA and HIPAA compliance program including training. - Development of Internal & External Reporting Systems
Track key financial and productivity indicators on a monthly and quarterly basis for reporting to applicable personnel, including physicians, management and owners. - Strategic Planning Services
Develop a strategic plan through evaluation of market and industry trends, competition, supply and demand, service capabilities, benchmarking and other analysis, and financial and operational impact; facilitate planning retreats; assist in development of the tactical plan. - "Turn key" Practice Start-ups & Transitions
Provide comprehensive practice start-up services to physicians who are opening new practices or moving existing practices.
