Practice
Management
"My partners and I
practice medicine. New Bedford Corporation does the rest, including billing,
finance and administration. I’ve used them for 14 years and recommend them
without reservation."
Wilson B. Sprenkle,
M.D.
Physician
Radiation Oncology
Specialists of Central Virginia
|
New Bedford Corporation offers total practice
management
for physicians who wish to free themselves from all
the administrative aspects of a medical practice.
New Bedford Corporation manages all aspects of
your practice except the medical portion, which can
then receive your full attention.
We routinely meet with the involved physicians to
apprise them of financial and operational issues and
our staff is available any time for questions.
Our owner, Steve Ferrell, has successfully managed
medical practices for over 15 years and has
nearly 40 years experience in the medical practice
and health insurance areas.
In addition to routine practice management, he is
available for special projects, specific project
management, development of new services or
facilities, and as a part-time or interim manager
for any areas of a medical practice. |
In
addition to all billing and accounts receivable services,
the
scope of our practice management services includes the following:
|
 |
-
Coordinate
all banking activities
-
Coordinate
payroll and accounts payable functions
-
Produce
monthly financial statements
-
Maintain
physicians’ CME’s, CV’s, etc.
-
Credential
physicians with hospitals and insurance carriers
-
Renew
and maintain physician licenses (medical, DEA, etc.)
-
Develop
satisfactory relationships with hospitals and other key
business associates
-
Negotiate
and maintain provider contracts with insurance carriers
-
Negotiate
and maintain arrangements with vendors
-
Negotiate
and maintain employee and facility insurance coverage
-
Coordinate
all aspects of retirement plans
-
Coordinate
with attorney on legal issues
-
Provide
financial, statistical and ad hoc reporting
-
Coordinate
physician recruitment, counseling and disciplinary action
-
Maintain
physician practice and call schedules
-
Coordinate
corporate functions
-
Coordinate
travel and meeting arrangements
-
Prepare
regulatory documents (business licenses, 1099’s, etc.)
|
|
Normally, New Bedford
Corporation charges for these services on a "percentage of
collections" basis.
However, depending upon the situation and the scope of
services desired, other fee arrangements may be considered.
Click Here
to find out more about our services, or call us at
804-262-0863. |
|
