PRACTICE MANAGEMENT: An Overview

Applied Medical Services has an excellent reputation and high client satisfaction rate because we offer unique, hands-on management by seasoned, senior level executives. We don’t let your practice fall through the cracks or get passed off to junior executives.

We build customized programs to help your practice maximize its revenue. Our process is proven and trusted by hospitals, emergency physician groups and clinics across the nation.

Our unique management team is equipped and ready to handle your daily duties of your physician group.

Services available include, but are not limited to, the following:

Group Start-Up
Applied Medical Services has developed alliances with outstanding Accountants and Attorneys to set up your group to your specifications. They are available to advise you on any of the following:

• Business form
  
• Buy-Sell Agreements
  
• Employment Contracts
  
• Tax Returns
  
• Retirement Plans

Credentialing
Applied Medical Services has the capabilities to handle all credentialing with Medicare, Medicaid, Blue Cross Blue Shield and any other insurance company that your group contracts with.

Contracting
Applied Medical Services can negotiate your contracts so that you receive optimal reimbursement for your services. Applied Medical Services also monitors your insurance payments on a monthly basis to ensure proper reimbursement is being received based on contracts signed with various insurance companies.

CME & Licensing
Applied Medical Services will handle the task of renewing State Licenses, DEA Licenses, etc. Applied Medical Services will notify you when action is needed by you to complete the licensing process.

Applied Medical Services will keep ongoing records of amounts spent each year so that staff does not overspend their allotted allowance.

Malpractice/ Liability Insurance
Applied Medical Services can negotiate your malpractice and liability insurance and be your contact to your broker. We will forward certificates to your hospital, insurance companies, etc. at renewal or as needed.

Benefits
Applied Medical Services has the expertise to “shop” and administer benefits for your group. Benefits usually include, but are not limited to, the following:

• Health Insurance
  
• Dental Insurance
  
• Short Term Disability
  
• Long Term Disability
  
• Accidental Death and Dismemberment
  
• Long Term Care
  
• Worker’s Compensation
• Flexible Benefit Plans
• Retirement Plans
• HRA/HSA

Bookkeeping
Applied Medical Services provides complete bookkeeping services through a unique online interface. Through its partnership with VirtualOfficeAmerica, Applied Medical Services makes your reports and transactions available to you anytime, anywhere. Services administered through VirtualOfficeAmerica include the following:

• Accounts Payable
  
• Accounts Receivable
  
• Payroll
  
• Benefits Administration
  
• Financial Statement Preparation
  
• Employee HR information delivery and census tracking

Applied Medical Services can provide all services listed above or a selection of services on a consulting basis.