The following is a brief overview of what WRC has done for new practice start-ups for independent physicians or employed physicians transitioning to independent practice; for existing troubled practice turn-a-rounds; for existing practice due diligence prior to major decision-making and for practices requesting an operational check-up:
WE WILL DO OR ARRANGE FOR ANY ETHICAL SERVICE THE CLIENT REQUESTS.
We have...
- performed office site searches and negotiated lease agreements.
- managed new construction and found funding for same.
- managed leasehold improvement build-outs.
- evaluated and negotiated computer system purchase and installation
- evaluated and negotiated terms for billing services
- calculated pro formas for start-up cash flow and negotiated lines of credit
- recruited, hired and trained staff and complete personnel management system set-up
- procured new and used office and medical equipment and negotiated terms.
- worked with accountants or helped pick accounts and helped design general ledger especially as it relates to physician compensation and medical practice corp requirements.
- helped find attorneys with healthcare expertise.
- designed physician compensation plans
- assisted in developing employment agreements with clean exit strategies
- negotiated and helped with income guarantee agreements
- implemented internal medical office operations to assure complete charge capture and cash collection
- implemented procurement and expense control systems
- negotiated with banks for debt restructure
- shopped for liability insurance and other business insurances
- helped set up new corporations
- performed a complete credentialing process for Medicare, Medicaid and Managed Care Product enrollment
- implemented compliance and integrity plans
- negotiated benefits for healthcare, pension, 401k, cafeteria plans, etc.
- written business and marketing plans for medical practices.
- provided ongoing practice management
- coordinated and focused physician board meetings and decision-making.
- conducted physician practice retreats for mission and vision development.
- performed due diligence for medical practices in advance of major decision making such as new partners, equipment, staffing, facility, new services, etc.
- performed physician arbitration
- managed bankruptcy reorganization
- performed fee analysis and explanation of medical benefit evaluation.
- ETC.
Basically, we can do most anything related to medical practice management. We offer services that physician specifically need and request.
