Fee Schedule Analysis

 The fee schedule is the single most important financial tool within the medical practice.  What a practice charges has a dynamic impact on the revenue cycle. A medical practice is no different from any other business in this respect; and, as with other industries, the fee schedule should reflect the value of the practice’s services.

Your fee schedule is your most important financial tool, yet the hectic atmosphere that exists in many physician practices often relegates fee schedule analysis to the back burner. Neglecting the fee schedule or, even worse, allowing payers to dictate the value of those services is tantamount to failure.

Through the use of analytics by applying sound econometric models, such as true costs, market dynamics, competitive factors, and value-based pricing, MBS will optimize your revenue potential. While these concepts may sound foreign to some, the fact is, they are well within reach. Through the application of basic business techniques, every practice had the ability to develop and maintain a fee schedule that will meet or exceed it financial needs.”

Call or email MBS today to have your fee schedule analysis completed!