Acknowledge

There are two types of business owners. The reactive type is satisfied with the status quo while the other...

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Strategy

Strategy is defined as the science of designing, planning, or directing for the skillful management...

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Adapt

Medical practices have evolved and been forced to adapt over time due to changes in insurance....

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Evolve

Evolution refers to change or transformation over time. Since change is always coming ...

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Evolution Consultants, LLC
Universal Truths of Science that Relate to your Practice

I have always believed in math and science as the language and keys of the universe. My education has taught me the universal laws that govern the behavior of the world we live in. We see these in the large events down to the small spaces between the particles we can't even see. Process control was an overwhelming area of interest in my education. I hope you enjoy my insights into how those laws marry with and effect the business environment and cash flow cycles of your practice.

Change is gradual and slow taking place over a long period of time. Just a small change in the initial conditions can drastically change the long term behavior of your practice. Accepting the idea that your practice is in a constant state of flux is the first step to evolving forward and competing.

Natural Selection is the process in nature by which they systems best adapted to their environments tends to survive. It remains the single primary explanation for adaptive evolution. It has been clearly agreed upon that the systems that survive in the interaction of evolution usually make themselves more complex. This theory explains the development of the competitive instinct.

Chaos Theory is defined as very great confusion or complete disorder. It is the idea that beneath the disarray that is observed by the naked eye, that actually there is order that can be monitored and controlled over time. This required the identification of the variable that affect your practice and the governing actions that can control these practice variables.
Entropy is the measure of chaos or degree of disorder in a system. In the behavior of large systems, such as your practice, the collective whole will always return to its most stable and confortable formation without the application of external forces. To Summarize, your practice is made up of many moving parts that must be diligently controlled or you and your staff will find yourselves right back in the complacency you all sought to change.

By: Misty L Chance, BS ChE

Evolution Consultants, LLC uses innovative processes and programs to streamline the flow of information to and from your practice thus reducing the paperwork and filing clutter.
We practice the "HANDS OFF" money approach. All co-pay, deductible, and co-insurance monies collected in house on the date of service are exclusively the practices to retain. This strategy encourages proper collection by internal staff and rewards the practice for performance.
If you were an early implementer of EHR software, then you probably find yourself needing to qualify for meaningful use of that EHR. In order to qualify for meaningful use, including incentives, and to avoid potential penalties, a practice will need to execute e-prescribing compliance.
Evolution Consultants has the ability to collect effectively from Workers Compensations plans. We are well aware of Workers compensation billing guidelines and are constantly in communication with the carriers in regards to outstanding bills.
Many people confuse the difference between practice management and administration. Evolution Consultants define Administrations as overseeing of profit and foundations such as billing performance, reporting, and insurance contract management. Practice Management is the overseeing of the daily office requirements such as human resources issues, office processes, and patient complaints and problems. Evolution Consultants is capable of offering both.
The foundation of any practice's financial success is built from the contracts it holds with insurance carriers. Insurance companies are sneaky in regards to how they slowly adjust your fees. Were you aware that your main commercial carriers adjust your rates yearly depending on your contract language? Many of them send correspondence that you would like to call on but never get time. Sometimes you just dont know what to ask of how detailed to get. Evolution Consultants wants to make those calls and monitor your fees to make sure you are not practicing medicine, doing procedures, or administering vaccines at a loss.
A billing audit is similar to a practice audit with the exception that Evolution Consultants would place our sole focus on the billing performance including clearing house reports, accounts receivable analysis, collections process and volume. An audit report is provided at the end of the audit.
A practice audit would provide a detailed overview of the entire practice including but not limited to customer service, work flow, benefits and front office performance, billing performance insurance contract review, charting documentation, and coding. An audit report is provided at the end of the audit.
Many physicians do not have much credentialing, while some credential with multiple facilities and insurance companies. The maintenance can sometimes be overwhelming and time consuming. Many times it becomes that piece of paper at the bottom of the stack. Evolution Consultants' goal is to provide maintenance and ongoing support to this entire process in an organized way.
EHR are also referred to as Electronic Medical Records allows you to schedule, chart, and charge capture, bill, and store medical records all in one software. Many of them work with lab results interfaces, X-ray storage, and E-Prescribing systems to allow a streamlined flow of information. Evolution Consultants can help select and implement an EHR. We have done at least five EHR conversions in the past frew years with different software, different specialty, and different office requirements and all have led to full implementation.
A new practice set up begins at least six months prior to billing your first client. This allows for the appropriate time for contracting should contracting be needed. Evolution Consultants can help with qualifiying a location, software selection, staffing and interviewing, processes and flow, and eventually to medical billing and ongoing oversight of the practice as a whole.