Practice Management
 

As physician organizations become larger, they encounter challenges in evolving governance, increasing operating efficiency and effectiveness, managing growth, adding ancillary services, and retaining experienced and sophisticated management. Frequently these issues are related to the transition from a small "family" culture to a culture that will support a growing clinical enterprise, and at other times it relates to the desire of the physician owners to have a growing and high performance – professionally managed organization.

Market Leader Position
Scale
Location
Access
Market Commitment to Quality Position
Clinical Quality
Research
Patient Service Quality
HEDIS/Outcomes Tracking
Clear Business Goals and Strategy
Mission - Vision
Operating Objectives
Market Strategy
Strong Relationships
Hospitals
Payors
Referring Physicians
Sub-specialists
On-going Market Development
Referral Development
Ancillary Development
Managed Care Contracting
Understood/Accepted Governance Process
Representative
Board of Directors, Executive Committee, Committee structure
Shareholder involvement process
Strong Technology Infrastructure
Medical Technology
Communications
Practice Management/EMR
Data Manipulation
Incentive Based Physician Compensation
Production
Market Development
Group Development
Cohesive and Supporting Culture
Quality
Group Goals
Collaboration and Compromise
Living with the "rules"
Group Commitment
Strong Framework of Financial and Operating Controls
"Layered" financial reporting down to the physician level
Operating Reports
Well Developed and Integrated Revenue Cycle Management
Charge Capture
Coding
Billing
Contract Compliance
Denials Management
Collections
Professional Management
Clear Organizational Structure
Management to Performance Measures
Lean Operation
Cohesive Enterprise Management Team


Our practice management capability enables physicians to focus on practicing medicine while we do what we do best – take care of the business side.  The JHD Group brings professionals who each have 20 - 30 years of experience managing physician groups. Our methodologies are proven, particularly when it comes to critical areas such as revenue cycle, managed care contracting, governance, and staff management. Our approach emphasizes strong accountability for performance – focusing on the success factors critical to physician practice management, providing significant financial incentives based on mutually agreed performance targets; taking responsibility for staff management, recruitment and professional development; and providing depth of industry knowledgeable oversight and support. The key components of our practice management agreements include:

Agreeing to a business plan for practice development and growth which includes market goals, basic strategies, roles, and expected financial outcomes.

The JHD Group providing a senior interim management team (including an Interim CEO) until such time as permanent JHD Group professionals can become available. Depending on the needs of the practice, our management team will include a CEO, CMO, CFO, and as appropriate a COO. Any client practice staff currently in these positions are considered as candidates for permanent positions under the Practice Management Agreement.

The JHD Group going "at risk" for a portion of our fees subject to achieving the targeted performance goals.

A "no-fault" termination clause after the first year because we seek to have an on-going relationship of trust more than relying on contractual commitments.

Automatic contract renewal after the first five years unless either party elects to terminate.

 

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