Successfully Launching Your New Practice
Launching a new practice requires efficient and detailed planning, organization and communication to complete your project on a specified timeline.
OMSP professionals coordinate and facilitate the many facets of your project with attention to every detail.
OUR COMPREHENSIVE START-UP SERVICES INCLUDE:
Business planning designed to guide you through the necessary steps to establish your legal entity, market research including demographics for site selection, five year financial pro forma, acquisition of financing, and credentialing.
Coordination of facility planning with architects for office design and maximum workflow efficiency. Additionally, information and communications technology will be seamlessly integrated into the facility to create a state of the art environment and establish the framework for web based practice management systems and electronic health records.
Interfacing with the contractor for the appropriate management of construction funding and the timely procurement of specialty equipment to be integrated into the infrastructure.
Procurement of office furnishings, equipment and services for delivery and installation according to the established timeline.
Recruitment of personnel along with human resources services to secure health insurance and create your employee benefits package.
Training for employees on office and clinical procedures.
Practice marketing plans including website, logo and referral networking.
Mentoring from the doctors in our network.
Successfully Managing Your Practice
OMSP back office support services are designed to protect you and manage your investment in your practice, while making it possible for you to prioritize your patients’ needs and focus on owning your own practice in order to help it grow.
OUR COMPREHENSIVE PRACTICE MANAGEMENT SERVICES INCLUDE:
Revenue cycle management designed to efficiently bill the maximum allowable for your services and manage collections for optimum cash flow. Banking and merchant services relations we have established ensure your money is safe.
Accounts payable processing not only includes processing of all invoices. As you are ready to acquire new services and equipment, we assist with contract reviews and negotiation of the best prices. We also manage compliance of federal regulations by issuing 1099’s and filing the required 1096 with the I.R.S.
Payroll processing services guarantee employees receives their compensation according to schedule and that you are in compliance with federal and state tax depositing requirements and tax returns.
Human resource services will manage employee enrollments and separations, and provide professional guidance on HR issues. Services also include procurement of benefit plans for your employees, development of a customized policy and procedure manual, and Human Resource management for compliance with associated employee government regulations.
Insurance procurement of business policies will ensure that your practice assets are covered should a loss occur. Preparation of the annual audit required for your workers compensation coverage is also included in our services.
Accounting and financial reporting on a monthly basis includes a practice analysis and we are available to discuss opportunities for greater efficiency and financial planning. Preparation of your monthly sales and use tax returns, along with your annual corporate federal income tax return is included in our services.
Information systems support and training is included for the OnlineMedSys practice management software on a 24/7 basis.