We know that in order to stay competitive, private practices must continue to evolve their business model and offer new and cutting-edge treatments for patients.
If physical therapy is part of your existing business model, or is an area your practice may expand into, MedVanta’s therapy team is here to provide support and consultation services to optimize this line of business. Whether you have a therapy clinic up and running or plan to open a new one, you will retain ownership of your clinic while benefitting from our team’s expertise on how to enhance operations and increase revenue.
Here’s how we can support you:
Therapy Start-Up Services:
- Creating proforma to include three-year projections
- Providing detailed start-up task plan and equipment list
- Assisting in therapy staff recruitment
- Working with commercial real estate agents to identify optimal location(s)
- Advising on office space/floor plan design and collaborating with contractors on construction
- Facilitating credentialing of therapy sites and therapists
- Advising on selection of therapy EMR system
- Preparing for Medicare site visit
- Providing written policies and procedures for front desk operations
- Training for therapy management staff on management of daily operations, clinical coding, compliance and more
Therapy Management Services For Existing Operations:
- Comprehensive assessment of therapy operations to establish baseline, including lines of business, clinical operations (space, equipment, scheduling, documentation, coding, compliance), front office operations (staffing, systems, policies/procedures), billing processes (systems, A/R), reporting and metrics
- Recommendations for practice improvements based on assessment analysis, including around staffing models, scheduling, front desk processes, space, equipment and more
- Establishing and monitoring therapy metrics
- Providing therapy staff job description templates
- Training for therapy management staff on management of daily operations, clinical coding, compliance and more
- Performing chart audits to assess documentation for compliance and coding optimization
- Refining therapy EMR system and/or conversion to a more efficient therapy EMR system
- Establishing and/or optimizing specific lines of business (i.e., hand therapy, industrial services or cash-based services)
- Providing alternative compensation/bonus models for therapy staff
- Collaborating with billing on reimbursement optimization and denial management
- Assisting with expanding current business and/or opening satellite offices
