The Synergy of Revenue Cycle Management and Practice Management

by fcepadmin | Jan 28, 2021

Every Emergency Medicine group practice must deal with many complex business issues, due to many fluid parts and ever-changing details.

In addition to optimizing your practice from a Revenue Cycle Management perspective, we often find that there is opportunity for optimization in Practice Management. There is a synergy between Practice Management and Revenue Cycle Management and combining the two can provide a cost effective and more efficient solution for your practice.

Consider having your Practice Management and Revenue Cycle Management handled by one company. If your Practice Management and Revenue Cycle Management are handled by separate companies, make sure that the two companies are collaborating for the success of your practice.

Practice Management includes things such as, but not limited to:
• Accounting
• Provider Payroll
• Incentive/Compensation Modeling
• Full Financial reporting, including forecasting expenses and revenue
• Professional Liability Insurance management
• Income tax planning
• Funding Application assistance (HHS Provider Relief Funds, Payroll Protection Program)

Ongoing practice management assistance can make a big difference in achieving superior business performance of your practice!

We understand that each group is unique – the structure of your practice, the volume, the communities you serve, your hospital partners, etc., and each group’s needs vary. When you partner with an expert in Revenue Cycle Management and Practice Management, like Gottlieb, we can help you navigate the uncertain, but hopefully bright, future of emergency medicine.

Sponsored by Gottlieb

This article is part of the following sections:

  • This article is published in EMpulse Winter 2021. See the full version of the print magazine online here.

Samantha manages fcep.org and publishes all content. Some articles may not be written by her. If you have questions about authorship or find an error, please email her directly.