At LBMC Physician Business Solutions, our laser-focused experts save you energy, expense and aggravation by providing fundamental business processes that take precious time away from practicing medicine. We provide revenue cycle services for physicians and mid-level providers to include credentialing, billing, denial management, and accounts receivable management. An IT solution (PM/ EMR) is included with our revenue cycle services.
Medical Practice Management Services
Pain-free solutions for physicians and mid-level providers are an LBMC specialty. Our laser-focused experts save you energy, expense and aggravation by providing fundamental business processes that take precious time away from growing your organization and practicing medicine.
As a partner in LBMC’s Medical Services Organization (“MSO”), we offer a turnkey or a la carte arrangement with access to comprehensive services run by award-winning professionals who support your practice in the most efficient and cost-effective way. Our MSO services are unique in the industry as they provide a comprehensive solution that includes revenue cycle, HR/PEO, accounting services, procurement, IT support and medical practice consulting–all outsourced.
You get seamlessly integrated support – all conveniently outsourced. Plus, extra time to focus on patients and other medical matters.
Medical Services Organization (MSO)
Independent medical practices and hospital/health system-based medical providers are in need of greater support, resources and expertise. LBMC’s Single Source MSO is laser-focused on the basic services that healthcare organizations need to be successful. We offer a full suite of outsourced resources, educational products and services to meet your practice needs efficiently and effectively.
Our clients will receive an MSO service package tailored to their specific needs. Practices can select from a turnkey or a la carte menu of business solutions to include billing, HR/PEO, accounting and consulting. LBMC Single Source MSO also provides a wide array of additional services to include tax, growth strategies, wealth management, IT consulting, and other related matters.
Healthcare Single Source MSO Services Include:
- Financial & Accounting Services
- Human Resources: HR Outsourcing (HRO)
- Human Resources: PEO Services
- Physician Practice Management Consulting/ Administrative Oversight
- Physician Practice Revenue Cycle Solutions
- Procurement Services
- IT Support Services
Additional MSO Consulting Services Include:
- Coding & Compliance
- Information Security
- Merger Planning and Facilitation
- Practice Startup/Development Services
- Practice Structure & Governance consulting
- Strategic Planning and Practice Assessment
- Tax and Accounting Services
- Technology Solutions
- Wealth Management Services
Medical Practice Revenue Cycle Services
Nothing frees physicians, mid-level providers and their staff like handing over the time-consuming revenue cycle procedures (billing, collections, coding, etc.). With our in-depth healthcare experience and expertise, we handle the arduous tasks of coding, claims processing, end-of-month functions, patient billing and payment processing, to name a few. Our comprehensive outsourced services are performed by highly accredited professionals and customized to meet your needs. Equally cost-effective and efficient – these services save you time, energy and aggravation. And you’ll enjoy the freedom to be able to focus on medicine and other important matters.
Revenue Cycle Services
- Revenue cycle staffing
- IT solution featuring Electronic Medical Records (PM/EMR) to perform third-party claims processing and payment posting
- Accounts receivable (A/R) management
- Denials management
- Financial and quality reporting on monthly/ quarterly/ annual basis
- Patient billing and collections
- Payment processing
- Provider credentialing
- Monthly A/R closeout reporting
- Certified coding oversight
Administrative Oversight for Physician Practices
We have in-depth experience in the healthcare industry, with doctors’ practices being our specialty. We consolidate our talents from the LBMC Family to fulfill your every acronym––from MSO to HR to IT to EMR and ICD-10. All delivered efficiently and cost-effectively with an eye to your bottom line. To give leadership a competitive edge, our Administrative Oversight services assess operations and provide on-call access for issues that arise. We’ll put out fires, run numbers and provide technical, financial or other expertise when you need it most. It’s comprehensive and customized support that cares for physicians like no one else can.
Administrative Oversight services include, but are not limited to:
- Administrative consulting services to support practice leaders
- Financial and operational consulting
- Human resources services
- Coding, billing, corporate compliance including compliance plan development, implementation and training
- On-site monthly meeting
- Operational consulting (assessment and review)
- Unlimited consulting by phone or email
IT Solution for Physician Practices
We’re all about solutions. The technology kind. And the outsourcing kind that delivers expert business support to physicians and their staff who prefer focusing on medicine.
From MSO to HR to IT, we deliver everything you need to manage day-to-day operations, including the appropriate IT solution – PM-EMR – as part of your billing service. All with an emphasis on efficiency, cost-effectiveness, and ROI. It’s another way we provide comprehensive services that cure whatever ails your practice.
LBMC’s IT Solutions and Support for Medical Practices include, but are not limited to:
- Cloud and single data based IT Solution
- Software interface management
- Data migration supervision
- Training and Deployment
- Go LIVE support
Andrew McDonald, FACHE
Shareholder, Practice Leader Physician Business Solutions, LLC and Healthcare Consulting
201 Franklin Road,
Brentwood, TN 37027
Office Hours: 8 a.m. – 5 p.m., Monday-Friday
P.O. Box 1869,
Brentwood, TN 37024-1869
605 Chestnut Street, Suite 1100
Chattanooga, TN 37450
2095 Lakeside Centre Way, Suite 220
Knoxville, TN 37922
We’re happy to answer any questions you may have on what our Physician Business Solutions experts can do for you. Please send us and email using the form and one of our professionals will get back to you promptly.
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