Medical Practice Management: An Overview

Applied Medical Services has an excellent reputation and high client satisfaction rate because we offer unique, hands-on medical practice management by seasoned, senior level executives. We don’t let your practice fall through the cracks or get passed off to junior executives.

Our healthcare consultants build customized programs to help your practice maximize its revenue. Our process is proven and trusted by private practices, clinics, hospitals and emergency physician groups across the nation.

Our healthcare consultants are equipped and ready to handle the daily duties of your practice.

Medical practice management services that are available include, but are not limited to, the following:

Group Start-Up
Applied Medical Services has developed alliances with outstanding accountants and attorneys to set up your group to your specifications. They are available to advise you on any of the following:

• Business Forms
  
• Buy-Sell Agreements
  
• Employment Contracts
  
• Tax Returns
  
• Retirement Plans

Credentialing
Applied Medical Services has the capabilities to handle all credentialing with Medicare, Medicaid, Blue Cross Blue Shield and any other insurance company that your group contracts with.

Contracting
Applied Medical Services can negotiate your contracts so that you receive optimal reimbursement for your services. Our healthcare consultants also monitor your insurance payments on a monthly basis to ensure proper reimbursement is being received based on contracts signed with various insurance companies.

CME & Licensing
Applied Medical Services will handle the task of renewing State Licenses, DEA Licenses, etc. We will notify you when action is needed by you to complete the licensing process.

Our healthcare consultants will keep ongoing records of amounts spent each year so that staff does not overspend their allotted allowance.

Malpractice/ Liability Insurance
Applied Medical Services can negotiate your malpractice and liability insurance and be your contact to your broker. We will forward certificates to your hospital, insurance companies, etc. at renewal or as needed.

Benefits
We have the expertise to “shop” and administer benefits for your group. Benefits usually include, but are not limited to, the following:

• Health Insurance
  
• Dental Insurance
  
• Short Term Disability
  
• Long Term Disability
  
• Accidental Death and Dismemberment
  
• Long Term Care
  
• Worker’s Compensation
• Flexible Benefit Plans
• Retirement Plans
• HRA/HSA

Bookkeeping
Applied Medical Services provides complete bookkeeping services through a unique online interface. Through its partnership with VirtualOfficeAmerica, we make your reports and transactions available to you anytime, anywhere. Services administered through VirtualOfficeAmerica include the following:

• Accounts Payable
  
• Accounts Receivable
  
• Payroll
  
• Benefits Administration
  
• Financial Statement Preparation
  
• Employee HR information delivery and census tracking

Applied Medical Services can provide all services listed above or a selection of services on a consulting basis.