Anesthesia Business Consultants (ABC) stands as the premier provider of business process management solutions for anesthesia practices. ABC offers a multi-disciplinary approach to anesthesia business process outsourcing (BPO) and workflow management and stands alone in its ability to design a comprehensive solution specifically tailored to meet the challenges of a complex anesthesia organization.
Anesthesia medical practice management should be clearly distinguished from billing and accounts receivable (AR) management and financial services. While AR management focuses on the revenue generation and financial services on the management of expenses. Practice management defines the context for both. Anesthesia medical practice management comprises all of those non-billing and payable functions essential to the effective management of a practice such as governance, business decision-making, contracting, human relations, marketing and customer service.
Practice management is the most flexible aspect of the services ABC provides because each scope of services is customized to the specific business situation and requirements of each medical anesthesia practice. It is also the highest level of service ABC provides in that there is no specific playbook or plan for the success, security and growth potential of each client.
Our scope of business process management & BPO services is customized to each anesthesia practice. Whether you are in a start-up phase, engaging in a new business venture, or are seeking a long-term solution in practice management, ABC has the anesthesia business strategy to fit your needs. Our industry-specific expertise and over 40 years of experience in the anesthesia and pain management marketplace enables us to effectively partner with you.
Anesthesia Business Accounting
- Reconcile bank accounts
- Prepare monthly financial statements
- Prepare financial analysis and variance analysis reports
- Establish accounting and financial systems for new entities
- Perform multi-divisional and multi-location accounting
- Account for fringe benefits
- Prepare operating budgets and cash flow projections
- Coordinate outside audits/reviews
- Process all accounts payable
- Coordinate payroll processing
- coordinate 401(K)/pension plan accounting and reporting, payroll withholdings and deposits with TPA's
- Prepare W-2s, 1099s and 941s
- Coordinate state and federal tax package preparation for partnerships, S-corps and other types of entities
Strategic Services
- Facilitate strategic planning retreats
- Perform financial feasibility and business plan studies
- Develop response to RFP's
- Conduct provider compensation/benefits assessments
- Support internal group alignment
- Review and manage governance structure
Contract Review & Negotiation Services
- Provide business advice on contracts
- Hospital and other facility contracts
- Physician contractual arrangements
- CRNA contractual arrangements
- Independent contractor/locum arrangements
- Assist in contract negotiation/strategy sessions
Financial Management Services
- Coordinate and attend corporate meetings and prepare corporate meeting minutes
- Coordinate with outside advisors
- Provide current knowledge of the market
- Provide statistical/financial analyses
- Advise on retirement plan design and funding
- Conduct annual insurance reviews
- Assist with personnel administration
- Assist in the design/administration of all benefits
No one company is more qualified to furnish critical anesthesia business management information and consulting services to proactively advise decision-makers. While many management companies have isolated areas of strength and specific competence, ABC stands alone in its ability to design a comprehensive solution, which meets the specific management requirements of a complex anesthesia organization.
ABC's team of professional managers possesses the most comprehensive anesthesia workflow automation experience and professionally accredited skills in the nation. Comprised of CPAs, MBAs, MHAs and CPCs, the management team has demonstrated expertise in accounting, finance, hospital negotiations, governance, compensation formulas and group practice management.
