Health Care Financial Suite: Tools To Monitor The Pulse Of Your Practice

New to the ValuSource family are the Wiley Health Care Suite Products. Ideal For Consultants, CPA's and Healthcare Professionals, these tools give you everything you need to handle engagements such as:

  • Practice Production/Revenue Studies - You can provide accurate benchmarks on both physician's production levels and salaries. Use for all your Revenue Enhancement Studies or any other project that factors in physician performance and costs.
  • Health Care Mergers & Acquisitions - As a growing number of health care organizations consolidate, these products will provide you with complete tools to compare the associated physicians and practices with industry benchmarks regardless of practice type, specialty, geographic location, or other specialty factors.
  • General Consulting - Litigation support/expert witness, compensation formulas, capitation contracts, and profitability/cost studies are just a few of the projects these reliable and well-respected products can be used for.
  • Medical Practice Valuations & Appraisals - Not only is complete industry standard data available nationwide, but analysis tools allow you to tailor your research needs to the specific practice type and/or physician's area of expertise.

Medical Practice Evaluator

This new program from Wiley will give medical practice managers and consultants a full suite of analysis capabilities designed to provide them a better understanding of the financial dynamics of their own or their clients medical practice so that they can easily quantify increased revenues and/or decreased costs.

Developed in conjunction with Reed Tinsley, author of the "Medical Practice Management Handbook for CPAs" by Harcourt Brace, Thomas M. O'Neal, and Thomas McGuinness. The software will analyze various financial aspects of a medical practice.

I ncludes the following types of analyses:

  • Staffing levels
  • Billing and Income
  • CPT Codes
  • Expenses
  • A/R Aging
  • Front Desk
  • Ratios
  • Physician Production Compensation
  • Patient Encounters
  • Monthly Production
  • Insurance Claim Processing

The program is designed to interface with industry health care data surveys like those published by the MGMA, comparison to industry statistics will be available to simplify benchmarking, and "what if?" comparisons with other like organizations or specialties.

  
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