Our demonstrated core competency and “sweet
spot.” Getting your center up and running is just half
of the battle – what you do when the doors open is what
makes a center’s success or failure. Physicians Endoscopy
brings all of its resources, experience and expertise to bear
in creating a smooth and manageable day-to-day operation that
maximizes efficiency and physician/patient satisfaction. From
Third-Party Payer Contracts to Patient Scheduling Systems to
Quality Assurance Programs, PE is with you every step of the
way.
- Ongoing Third Party Payer Contracting
- Review Accounts Receivable/Payable Processing
- Cash Management and Distributions
- Annual Budget Preparation
- Capital Expenditure Analysis
- Service Agreements
- Leases & Contracts
- Monthly Financial Reporting & Annual Tax Prep
- Purchasing Management with GPO Discounts
- Professional Charge Entry Consultation
- Billing and Patient Scheduling Systems
- Personnel and Human Resources
- HIPAA and Federal Compliance Program
- Quality Assurance and TQM Programs
- Policy and Procedure Manuals
- Property & General Liability Insurance
- Professional Liability Insurance
- Information Technology System Management
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CASE STUDY
Michigan Endoscopy Center - Farmington
Hills, MI
Michigan Endoscopy Center (“MEC”) commenced operations
in March 2003 as a joint venture between a coalition of 16
GI and Colorectal physicians and Physicians Endoscopy. This
five-room center performed over 12,000 procedures in 2004 and
is on track to perform over 16,000 procedures in calendar year
2005.
Over the early summer months of 2005, Physicians Endoscopy,
as part of its management services arrangement with MEC, performed
a comprehensive third party payer contract reimbursement effort
resulting in substantial improvements to the center’s
bottom line.
The eight payers listed constitute 65% of the facility’s
overall payer mix, with the vast majority of the balance of
the mix being Medicare.
| Payer |
Product Offering |
Fee ↑ |
| #1 |
PPO, HMO |
5.0% |
| #2 |
PPO, HMO, Indemnity |
10% |
| #3 |
PPO |
35% |
| #4 |
PPO, HMO |
34% |
| #5 |
PPO, HMO |
12% |
| #6 |
PPO, HMO |
5.0% |
| #7 |
PPO, HMO |
2.0% |
| #8 |
PPO, HMO |
6.0% |
These increases will yield over the next 12 months an 11.3% increase in the bottom
line profits of the facility |
