Revenue & Expense Management

Sound Information, Profitable Strategy. You can’t manage what you can’t see. Therefore, MPSG often begins our financial interventions by mining your revenue data to develop clear sensible reports that are used to guide your decision-making. Our financial reports have a “telescopic” quality to them that offer you a range of options from a dashboard of key indicators to an in-depth year-to-date analysis for your quarterly partner meetings.

Our analysis includes all revenue cycle factors - payer mix, patient demographics, productivity, coding, billing process, collections, variances in state or federal reimbursement directives, the specific office visit or surgery performed, etc.

Next, we benchmark your financial measurables to similar practices on a local, regional and national level in order to identify unrealized opportunities.

If your goal is increasing revenue, we develop a multi-faceted revenue enhancement plan for your practice based on existing opportunities. If coding is an issue, it may require a chart audit and training. If collections are out of the norm, we work with your billing and collections team to develop more effective policies and protocols. MPSG can also identify new service revenue sources.

To manage expenses, MPSG can evaluate your budget and conduct any number of cost containment measures - streamlining supply procurement to increase cash flow, re-negotiating payment terms on equipment, working with your financial institution to restructure your debt obligations, for example.

With reliable data, strategic benchmarking and focused interventions for increasing revenue and controlling expenses, MPSG optimizes your bottom line.