Millennium Healthcare Consulting, Inc » Operational Assessment

OPERATIONAL ASSESSMENT

Millennium Healthcare Consulting, Inc.®, team of professionals possess the expertise to perform an objective assessment of the “financial and operational pulse” of your medical practice or hospital-based central business office function.

We will evaluate your medical practice and business office profitability and efficiency by reviewing the following fareas:

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Billing, Coding and Collection Analysis
Physician Productivity
Utilization of Advanced Practitioners
Staff Personnel
Ancillary Services/ Affiliation Opportunity
Managed Care Review
Expenses

Billing, Coding and Reimbursement

Our objective and independent assessment review key critical points of the charge capture process by identifying potential revenue enhancement areas and potential compliance risk. Some of the areas of review include:

Targeted Coding Reviews to ensure coding is consistent with the level of care rendered with the goal of optimal reimbursement and payment for ALL services rendered. Any compliance risks, if present, will be identified and addressed.
Billing/ Collection Procedures Reviews including Claims Denials/Appeals Process, Accounts Receivable Analysis by Major Third-Party Payors
Conduct Managed Care Contract evaluation and negotiations
Review internal controls of the charge capture process to ensure accountability of all clinical services rendered
Capitation feasibility analysis, if applicable

Physician Productivity

Anaysis of physician schedules
Anaysis of visits and procedures per physcian and compare to “best practice” indicators within given area of specialty to identify any areas for productivity improvement