Practice Management Consulting
Practice Management Consulting
Successful medical practices thrive by implementing more than just industry best practices — they track key performance indicators (KPIs) and benchmark against similar organizations to identify areas for improvement and sustain long-term success.
At GSR, we use KPIs aligned with national industry standards to thoroughly assess your practice and pinpoint weaknesses. Whether it’s insufficient staffing, delays in billing and collections, or patient access issues, measuring performance through KPIs allows us to address and resolve these concerns effectively.
Over 80% of healthcare leaders leverage benchmarking data to identify business challenges, enabling administrators and medical group leaders to turn insights into actionable strategies. These benchmarks empower you to make informed decisions, guiding your focus on critical areas for future improvements.
Auditing Accounts Receivable (A/R)
Effective management of accounts receivable (A/R) is crucial for the financial health of any medical practice. The A/R is the lifeblood of a practice, and poor management can mean the difference between financial success and struggling to cover payroll.
One of GSR’s key services is auditing your A/R to ensure that proper checks and balances are in place across the front desk and billing departments. In some cases, a lack of oversight can lead to embezzlement by staff. By auditing A/R, GSR can identify potential risks to your practice’s cash flow and help safeguard against fraud.
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