Business of Medicine

Impetuous advances in technology and scientific knowledge has changed considerably the way in which physicians practice medicine. Similarly volatile and rapidly evolving economy has transformed substantially the business aspects of medicine. In the view of all those changes managing medical business became more complex than ever. Consequently, in addition to having to keep up with advances of medical knowledge, physicians who manage their own practices face many formidable business challenges. Running the efficient and profitable medical business requires enormous energy and commitment. The help of capable management consultants is invaluable in such settings.  

ARCRO can assist medical practices by providing managerial expertise, and supporting their business operations. This assistance encompasses:

• Long term strategic planning with considerations to developing industry trends and changing business models.

• Assisting with selection, implementation and ongoing utilization of technological solutions  such as Electronic Health Records, Billing Software, Electronic Communication Platforms. 

• Optimization of practice daily operations to ensure providing quality care at a reasonable cost with the minimal risk. Those include:

  • Marketing

  • Staffing assistance

  • Credentialing

  • Billing and collections

  • Vendors management

  • Loss Prevention

  • Audit services

  • Compliance with rules and regulations

  • Risk Management.