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Practice Management

Financial Report viewed with magnifying glassMSN offers a wide range of services for every area of a Client's practice. In addition, MSN works to develop additional services for areas of concern that are unique to a particular client.

 

MSN also offers a broad array of Practice Management Services, including Financial, Credentialing and Business Development services.

 

MSN Practice Management Services

 

Financial Services

  • Annual Budget Preparation
  • Annual meeting with client leadership to review budget
  • Monthly Financial Statements - cost center based
  • Quarterly analysis of variance of actual results in comparison to budget
  • Quarterly analysis of variance from prior years' financial results
  • Cost center based financial statements with quarterly variance analyses
  • Payables
  • Payroll (management of ADP account)
  • Bank account management including reconciliations
  • Consultation with outside accountant on year end tax planning
  • General Financial analyses needed by client
  • Preliminary year end bonus calculations/coordination with outside accountant
  • Benefits management
  • General (non-legal) benefits and human resources matters consultation
  • Coordination with outside counsel / pension administrators/ other outside experts as appropriate

 

Credentialing Services

  • Medicare/Medicaid/Tricare Provider applications
  • Independent Diagnostic Testing Facility (IDTF) applications
  • Non-federally funded payers' provider/corporate/site applications
  • National Provider Identifier (NPI) applications
  • Hospital credentialing
  • Maintenance of physician's and other clinical provider's Continuing Medical Education records

   

Imaging Center

  • Imaging Center
  • Imaging Center evaluation including evaluation of profitability by modality
  • Imaging Center development services
  • System evaluations/RFP's including RIS and PACS

  

 General

  • Strategic Planning
  • Financial pro formas for business ventures
  • Development of clinical service line
  • Merger/acquisition facilitation
  • Merger/acquisition operational integration plans
  • Marketing plan development / assistance with implementation