How are MediSync Management Partnerships Structured?
MediSync reports to the Board of Directors and/or owners of a group. Our first priority is on core operations. We strongly encourage medical groups to develop a strategy, and we provide expertise and guidance about how to do so. The group or group sponsor has the final decision about what the strategy will be. Once adopted, our management team plans with physician leaders and others how to execute the strategy.
MediSync assigns one or more senior executives and managers exclusively to each group. Some services are supplied by our central team. Our range of services is all inclusive - we take total management responsibility for the success of the group, and we report to the Board and physicians on our performance.
It takes a lot of expertise to make a physician group highly successful in today’s healthcare economy. In the end, we mark our success based upon whether our partner medical groups are more successful with our help than without. This is measured financially, operationally and clinically. The value we add to the physicians is greater than the cost of our services.
When partnering with MediSync, our comprehensive management partnership obligations can include:
- The senior MediSync team member assigned to your group becomes the Executive Director of the group. S/he reports to your physician President and Board of Directors. The Executive Director consults in the development of strategy for your medical group. She is responsible for all aspects of management for the group.
- MediSync provides a highly trained and experienced senior clinical manager(s) to oversee practice operations for each 20 to 30 physicians. Titled “Directors of Practice Operations,” they often hold both clinical and MBA degrees. They directly supervise the site or practice managers at each medical office.
- MediSync provides all the central computer servers and software to perform the scheduling, billing and collections. In addition, we provide the staff to perform the billing and collections, and we pay all fees related to claims submission, claims follow-up, electronic filing, etc.
- MediSync provides accounting staff, covering the costs of staffing all your group’s accounts payables, financial statements and other financial analyses. In addition, we provide highly detailed monthly and annual financial and accounting reports.
- MediSync provides marketing and communication services. This includes the opportunity for us to create a website for each group and to develop a plan to help the group become #1 in its market.
- MediSync provides the central server and software for an electronic medical record (EMR). We also provide the training and assistance that is necessary for successful implementation of an EMR, along with ongoing upgrades and maintenance.
- MediSync provides the information systems infrastructure and the team of professionals that run it. This includes a network connecting all the offices and the billing system, e-mail, web services, the EMR to its central server, computer support, etc.
- MediSync provides high levels of financial analysis by experts who are highly experienced in evaluating and negotiating contracts with payers, creating budgets and pro formas, etc.
- MediSync has built or renovated over 25 physician offices, and we have developed both a theory and expertise at using facility design to improve productivity, reduce operating costs and increase the quality of patient experience.
- As a group grows MediSync has experts that develop and/or manage ancillary services such as imaging, lab, physical therapy, and diagnostics.
- MediSync staffs and coordinates physician recruiting, in conjunction with the physicians in your group, should the need arise.
