The financial model for physician groups and hospitals is changing and it has never been more important to balance strategic direction with operational needs. Weak links in your healthcare organization are costly and problematic to your operations. Our advisors dedicate time to understanding your organization and its unique challenges to guide you through the implementation of strategic solutions. These solutions will be used to innovate care delivery, integrate technology, and deliver actionable insights that help your business succeed.
Lighthouse Healthcare Advisors works with you to deliver a personalized direction that meets your operational needs through our healthcare management services. Learn more and get started today by contacting us at 410.252.0804.
Healthcare Management Services
Operational Assessments
With years of experience in providing healthcare management services, our process engineers can assess the overall health of your hospital, clinic, or practice and implement strategic solutions. If your organization has come across a financial obstacle or an operational challenge we can help overcome the confusion. From analyzing the revenue cycle to streamlining your workflows, Lighthouse Healthcare Advisors identifies inefficient and costly business practices and provides cost-effective solutions for success.
LHA’s comprehensive, objective assessments provide practical solutions in the following areas:
- Clinical operations
- Patient access
- Staffing
- Practice management
- Expense management (including supplies and pharmaceuticals)
Revenue Cycle and Integrity Assessments
LHA’s in-depth revenue cycle assessments address:
- Charge capture risk
- Cash flow
- Provider productivity
- Documentation and coding compliance
- A/R metrics
- Denials follow up
- Billing workflow and staffing
The revenue cycle is complex. Close monitoring is essential for the financial success of your organization. Lighthouse Healthcare Advisors can support with assessments that provide insight into revenue integrity and accurate payment through analyses of process and compliance.
EHR Implementation and Optimization
Lighthouse Healthcare Advisors has experienced process engineers and management consultants that focus on functionality, usability, and compliance with essential policies and procedures. Our healthcare management services can help you identify process improvement opportunities in the practice and/or hospital setting with a focus on both patient access and clinical areas.
LHA’s comprehensive EHR implementation and optimization offers support through workflow analyses and elbow-to-elbow training in the following areas:
- User frustration with EHR
- Excessive data entry
- Gaps in existing processes
- Workflow inefficiencies
- Patient safety risks
- Compliance issues
- Charge capture inadequacies
- Insufficient training and lack of procedure manual
- Interface gaps
Due Diligence
Due diligence is an essential step when selling, acquiring, or merging practices. Protect yourself by performing audits and revenue integrity reviews to fully understand the potential compliance risks and areas of revenue opportunity. Let LHA help with your due diligence efforts by completing comprehensive or partial reviews of entities for potential purchase or employment.
LHA’s due diligence services include:
- Comprehensive audit of medical documentation and coding
- Report identifying coding and compliance issues
- Provide an assessment of revenue integrity
Our areas of focus include:
- Revenue integrity
- Compliance
- Organizational governance
- Documentation accuracy
Practice Management
All organizations experience times when resources are temporarily unable to meet needs or when periods of growth demand additional support. While restructuring management or looking for the right person to fill a position, let us provide relief and support so that you can operate at capacity.
LHA’s team of experts can provide the following healthcare management support:
- On-site or remote interim management in the areas of billing, compliance, coding, and practice management
- Leadership meetings to review reports of practice performance and provider productivity
- New employee onboarding
- Monitoring of cash flow via EHR/Practice Management System
- Liaising with external billing company or internal billing staff to ensure timely A/R collection, denials follow up, etc
- Development or refinement of policies and procedures
Contact Lighthouse Healthcare Advisors Today
Our healthcare management services can help your organization overcome roadblocks and find the path to success. Reach out today to speak to a member of our team about your goals and needs, and let us help you find the most effective solutions.
Call Lighthouse Healthcare Advisors at 410.252.0804 to learn more.