Medical Practice & Revenue Cycle Management in Lubbock Texas
Lubbock Healthcare Consulting and Medical Billing Services
We’re excited to expand our medical practice management services to Lubbock, Texas! As a Texas Tech University alumni with a business partner with two kids at Tech, we are excited for the opportunity to come home. Evolution Consultants is a medical practice management firm located in New Braunfels, Texas that has small town roots for both founding partners. Those rural values have shaped how Evolution provides services and communicates with our clients. Whether you’re launching a new practice and need practice startup support, optimizing an existing one, or need expert medical billing support, our team is here to partner in your efforts. Evolution is not designed to be your full-time practice manager but are here to provide tools, resource, and services in a collaborate approach in order for you and your team to reach targeted goals.
Top Challenges Faced by Lubbock Medical Practices
Expenses Outpacing Reimbursement
Insurance Bottlenecks & Declining Reimbursement
Insurance Bottlenecks & Declining Reimbursement
Major drivers in the rising cost of running a medical practice are first, labor and the wage pressure to retain staff. Then, there is market inflation in every cost center, not just limited to medical supplies/drugs and overhead, but rent, benefits, and vendor costs. Flat or declining insurance payor reimbursements just intensify the financial squeeze.
With every penny mattering more in running a medical practice, there is a sharpening revenue-cycle focus on A/R and cash acceleration.
At Evolution, we understand that efficient billing is the backbone of a successful practice. Our team delivers end-to-end revenue cycle management designed to improve, streamline, and maximize performance. By identifying trends and addressing inefficiencies we help reduce lost revenue and keep your practice financially healthy.
Insurance Bottlenecks & Declining Reimbursement
Insurance Bottlenecks & Declining Reimbursement
Insurance Bottlenecks & Declining Reimbursement
Payor friction comes in many forms from all the check boxes required to secure payment to claims denials and prior authorizations. These daily bottlenecks are compounded by payment delays, difficulty reaching payer representatives to resolve issues, underpayments, and downcoding.
In this declining environment of payor relations, knowledge of your insurance contract language is imperative to help recover every cent. Having and tracking your fee schedules is the first foundation in securing full payment.
Evolution offers comprehensive or project-based credentialing and insurance contracting solutions to monitor your data and troubleshoot payor payment issues.
Staff Retention/Labor Cost
Insurance Bottlenecks & Declining Reimbursement
Staff Retention/Labor Cost
In addition to the increasing employment costs, hiring and retention dominated as top challenges with persistent pain points being thin or unqualified applicant pools, attendance challenges that threaten daily coverage, and the downtime associated with staff transitions.
The same challenges are faced in every business and there is no magic solution. Evolution can assist the practice in navigating or bridging the gap by offer assistance with HR protocols, policy and procedures, difficult staff situations, or acute crisis management to keep the cash flow moving at sensitive times.
Our experienced practice administration team is well rounded in multiple specialties, practice environments, volatile situation resolution, and unexpected restructuring.
Level up your practice with our new downloads. Designed to help your practice run smoothly. Click below to access tools, guides, and templates tailored for medical practices.