Practice Analysis: With over 30 years of practice management experience, VSPR is able to offer a comprehensive analysis of a physician's practice, including: coding, charge entry, aged accounts receivable, human resources, staffing, and practice expenses. VSPR is willing to engage any practice under a risk free arrangement where the practice will only be invoiced if VSPR is able to increase the practice's net revenue (increase revenue or lower expenses).
Accounts Receivable Management: Jim Edwardson has served as the managed care and reimbursement Director/Advisor of large physician group practices that were listed as “Best Practices” in accounts receivable management by the MGMA. VSPR has overseen dozens of Accounts Receivable (A/R) projects ranging from A/R oversight, establishing A/R policies and procedures, and one time clean up projects of past due A/R.
Credentialing: VSPR has an extensive background in credentialing oversight for physicians and group practices and has provided oversight for practices that require advice on Medicare and commercial payer applications. We can provide turn-key services including the completion, submission, and follow up on applications to assure a timely approval process.
Payer Contract Analysis and Negotiation: VSPR is extremely experienced in reviewing managed care agreements, moving newly merged physicians to a single agreement, and negotiating terms with payers.
Ancillary Revenue: VSPR can review any anticipated or established ancillary source of revenue offered in physician practices. VSPR is also able to offer new sources of ancillary revenue.
Financial and Accounting: Are you paying too much for your routine accounting services; or worse yet, not receiving timely financial reports to monitor your practice expenses and revenue? Do you have your fee schedules set up on a spreadsheet so you can compare them to one another and to track payments accurately? Are you evaluating the purchase of equipment or wondering if a certain ancillary service is profitable? VSPR can help. We offer a variety of finance and accounting solutions ranging from turn-key accounts payable and general ledger services, financial analysis of ancillary service opportunities, develop budgets or a budget process for your practice and assist in establishing operating tools such as spreadsheets for tracking fee schedules.
Other Services: VSPR is and has been involved in other practice management projects including practice start up, assisting estates of deceased physicians close their practice, fee for care direct practice models, general accounting and bookkeeping, negotiating mobile equipment leases with facilities, office lease negotiation and oversight, and offering billing services for physicians. VSPR has affiliations with numerous larger organizations that offer a wealth of value to physician practices and we encourage you to contact VSPR if you would like additional information regarding these entities and what they have to offer.
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