Medical Practice Advisory Services
415 Group provides consulting and advisory services to many different physician practices and hospital-owned physician and specialty groups. Our team of professionals offers many services to these practices including:
- Strategic planning including assistance with practice mergers and acquisitions, practice valuations, appropriate entity structuring and budgeting and cash flow analysis.
- Operational analysis including accounts receivable management, cost accounting services (based on RVUs), fee schedule analysis, payer mix analysis, overhead and production analysis, benchmarking against industry standards.
- Office staff evaluation including assistance with staffing ratios, salary reviews and employee compensation benchmarking.
- Assistance with production analysis by physician and bonus pool calculations.
- IT consulting and outsourcing services.
- Additional services to individual physicians including tax and financial planning strategies, wealth management, asset protection and retirement planning.