Practice Management: Bureaus - How can they help?

Private Practice Private Practice Management
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How Can A Practice Management Bureau Help My Practice?

PMB’s work to help medical practices operate more efficiently and increase revenue, so that the doctors and staff can focus on providing patients with the best clinical management and care.

As we mentioned in our How To Start A Private Practice and How To Manage A Private Practice categories, there are a few important processes that play a role in making sure that the practice achieves success in that its income growingly exceeds its expenses .

Below are some of the most important (but not exclusive) factors contributing to a successful practice:

  1. Consulting patients.
    • What you were trained to do:
      • Manage your time to best manage your patients.
      • Stay up-to-date and continually upgrade your skill.
      • Have good bedside manners.
      • Invest in managing your patients to the best of your ability.
    • What your Practice Management Software can do:
      • Reduce missed appointments.
    • What your Practice Management Bureau can do:
      • Increase your patient basis through marketing.
      • Think of creative ways to streamline the consultation process.
  1. Getting paid for those consultations.
    • What you can do:
      • Use the correct consultation and procedural codes.
    • What your Practice Management Software can do:
      • Process claim submissions to the medical aids.
      • Provide real-time feedback about patient statuses and claim submissions.
    • What your Practice Management Bureau can do (in both setting up and managing your practice):
      • Make sure your practice adheres to legal requirements.
      • Make sure you have the best practice management software to assist with streamlining all processes.]
      • Recruiting, hiring, and training of staff.
      • Set you up with the best point of payment system (POS).
      • Submit claims and chase unpaid claims from patients and medical aids (NB).
      • Regularly re-evaluate and streamline all the practice processes besides the consultation.
      • Assist with budgeting, accounting, and financial planning.
      • Regularly present and interpret your practice financial reports with you.
      • Help you get rid of bad debt.

So, a PMB can help your medical practice to operate more effectively and efficiently on the business front so that you can focus on point number 1 – the consultation.

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