Medical Business Advisory

Our medical business consultants specialize in working with independent physician’s practices, hospitals, hospital-based-physician groups, Ambulatory Surgical Centers (ASCs), labs and other healthcare organizations. Our team possesses a wealth of knowledge best suited to provide medical business advisory solutions tailored to improve your long-term operational and financial performance.

We perform our medical business advisory services in a customized, constructive, efficient, and timely manner and, as a result, we have developed close and lasting relationships with our clients.

Contact us today to discuss your situation and to learn how our medical business advisory services can benefit your organization.

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Medical Business Advisory Service Offerings

Revenue Cycle Management

Need help to optimize across all stages of the revenue cycle? Our team identifies, analyzes, and optimizes each person, process, and technology to maximize it.

Interim Management

We offer an interim management program as a practical solution for vacancies, planned or unexpected, to keep your organization running.

Payor Contract Negotiation

Our approach to payor contract negotiation pairs our expertise in data analysis and strategic planning with our payer relationships to maximize reimbursement.

Payor Credentialing

We handle your payor credentialing and enrollment to ensure that your staff continuously meets the changing requirements and maintains compliance.

Physician Compensation

The right compensation plan framework is an important component to becoming a high-performing physician organization. Our team can help develop the right plan so you can stay competitive and provide value for all participants.

Mergers & Acquisitions

Our medical business advisors possess a wealth of knowledge best suited to assess and improve operational and financial performance to prepare your organization for this transition.

CAP Inspection Preparedness Services

Remediating deficiencies can be challenging. Our team includes a former CAP inspector who provides guidance to both established and new labs, helping identify areas that meet standards and those needing improvement.

Operational Assessments

Our assessments can target specific areas or provide a comprehensive review of all operations. Our goal is to offer valuable insights to help you advance from your current state to your desired goals.

Independent Baseline Medical Record Chart Audits

A professional audit ensures compliance with federal regulations regarding Evaluation and Management (E/M) services and coding, providing confidence in your medical practice's processes.

Why BlueStone Services is the Go-to Choice for Healthcare Organizations

At BlueStone Services, we pride ourselves on our unparalleled market expertise, a deep understanding of the cultural nuances, and our commitment to excellence. Over the years, our reputation has been built on trust, consistent results, and forging long-term partnerships with businesses, especially healthcare organizations.
Our approach is holistic, combining modern techniques with traditional values. When you choose BlueStone Services, you’re not just getting a consultant; you’re gaining a strategic partner dedicated to propelling your healthcare organization forward.

Benefits of Our Medical Business Advisory Team

Our medical business advisory team delivers tailored solutions to elevate the operational efficiency and financial performance of healthcare organizations. Our strategic planning fosters sustainable growth and augments your staff’s capabilities with the latest industry practices and support. Partner with us to navigate the complexities of healthcare management, allowing you to concentrate on providing exceptional patient care.

BlueStone Service’s Medical Business Advisory Team has been extremely useful since Day One. They offer an interim management program that is unique to the needs of my business and professional on every level. Their strong leadership and dedication to my success is evident in everything they do. They are available to answer any questions I have and provide guidance whenever I need it.

Dr. Merritt, Lifestream Health Center Interim Practice Management Client

I am absolutely thrilled to share my experience with BlueStone Service’s Medical Business Advisory Team. Negotiating payor contracts can be a daunting, but critically important task. Thanks to the exceptional service provided by BlueStone Services Medical Business Advisors we now have favorable contracts from our payors. I now have the peace of mind knowing our contracts aren’t leaving any reimbursement dollars behind. Further, the level of professionalism and expertise from Bluestone is far superior to any administrative support we have ever had. The consultants are knowledgeable, proactive, intelligent, and most importantly are as interpersonally delightful as we could imagine. We have been overwhelmingly thrilled with our relationship and look forward to partnering with Bluestone for years to come.

Jason Goldstein M.D., F.A.A.P, Partner Pavilion Pediatrics at Greenspring Station

Frequently Asked Questions About Medical Business Consultants

What does a medical business consultant do?

A medical business consultant offers a variety of services to help healthcare organizations improve their operational and financial performance. Our consultants will review your operations, analyze your billing activities, evaluate your managed care contracts and provide you with strategic guidance to achieve long-term success. We can also assist in creating policies and procedures for improved patient experience, as well as providing advice on mergers and acquisitions. Additionally, we can provide chart audit and coding analysis to ensure accuracy and compliance with regulations. We strive to help healthcare organizations increase revenues while providing quality care to their patients.

Why You Need a Medical Management Plan for Your Practice

Having a well-developed and effective medical practice management plan is essential to any physician’s success. A comprehensive practice management plan will include strategies for increasing revenue, streamlining policies and procedures, improving patient experience, managing managed care contracts, optimizing billing processes, and analyzing financial statements.

These strategies are designed to help you optimize your practice performance, generate more revenue and achieve long-term success. Our practice management consultants have the experience, expertise and industry knowledge to provide you with tailored solutions designed for your specific needs. With our help, you can ensure that your practice runs as efficiently and effectively as possible.

How a Medical Management Plan Can Drive Your Growth Initiative for your Practice

A medical practice management plan can be instrumental in helping you reach your growth goals and objectives. Our consultants will work closely with you to develop a comprehensive strategy that encompasses all aspects of practice operations, from billing processes to managed care contracts. Additionally, our team will provide valuable advice on setting up internal controls, conducting financial statement review, optimizing coding accuracy and conducting patient surveys. Our practice management solutions are tailored to your specific needs, so you can rest assured that we will craft a strategy that is designed to drive your growth initiatives.

How Can a Consultant Help Your Medical Practice Management?

At our firm, we specialize in providing a wide range of healthcare consulting services designed to help physicians optimize practice performance. Our consultants provide valuable insight and advice on billing, coding processes, payor credentialing and contract analysis. We strive to create tailored solutions for each client that will improve operational efficiency and maximize profits. Our team also provides litigation support services, process improvement plans and chart audit support. Contact us today if you would like to discuss your situation to see how we can meet your objectives to develop a healthier practice.

Does BlueStone Provide Medical Business Consulting to Companies Near Me?

Yes, BlueStone is dedicated to providing medical business consulting to companies both locally and nationally. With our three conveniently located offices in Bel Air, MD, Columbia, MD, and Timonium, MD, we are well-positioned to serve businesses in the surrounding areas. Additionally, our national reach ensures that no matter where your business is located, you can rely on BlueStone’s expertise and commitment to deliver outstanding medical business consulting services.

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