Practice Management Consulting – Impart Knowledge LLC

Impart Knowledge offers a wide variety of services for your medical practice. With a high level of expertise and customer service, Impart will work with you to ensure your practice is run in the most efficient manner with the best return possible.

Our services are focused on your individual business practice management. By getting to know your organization in a personal manner, Impart Knowledge is able to focus solutions that will work for you and are directly applicable to your practice. A successful medical practice requires a fully realized business structure. Impart Knowledge’s consulting services include all facets necessary to direct you towards a strategy to assure your profitability.

Services offered include Practice Management and Business Development, Compliance and Education, Revenue Cycle Management, and Revenue Recovery. Allow Impart to assist you in creating and implementing a well developed plan. Trust the knowledge of Impart to guide you towards a successful practice so you can focus on other critical aspects of your  business.

Practice Enhancement and Business Development

Improvement in any business is a process that needs continual review and change to be truly successful. Having an outside resource with experience in the medical field is fundamental to improving your practice. Impart Knowledge can evaluate your current processes and establish a strategy to increase the prosperity of your medical practice.

  • Practice Profitability Analysis And Enhancement
  • Managed Care Contract Review and Compliance
  • Clinical Workflow Analysis And Optimization
  • Development of NP/PA/MD Model
  • Business Operations Review And Analysis
  • Accounts Receivable And Collections Analysis
  • Ancillary Services Analysis And Development
  • Provider Productivity Models
  • Business Models For Integrated Services
  • Strategic Planning/Succession Planning

Compliance and Education

Compliance is one of the most essential factors for any medical practice, which is difficult as it constantly changes due to new laws and requirements. Impart Knowledge offers expert consulting on the most up-to-date standards that apply to your practice. Knowledge is power and a structured educational program for you and your staff  is a top priority for Impart.

  • Stark/Anti-kickback/Safe Harbor
  • Medicare Compliance Program
  • HIPAA Compliance Program
  • Pain Clinic Program
  • Controlled Substance Compliance Program
  • Radiation Safety/QA Compliance Program

Revenue Cycle Management

Impart Knowledge provides medical billing solutions that are customized for your practice’s needs. Is your Aging AR above 90 days out of control? Do you understand the reports your staff provide you each month about the health of your practice? The standard end of the month reports provided by most billing software or 3rd party billing companies provide data but often little information. With Impart’s revenue cycle management there is no uncertainty when it comes to your practice’s health as Impart can provide user friendly EOM reports and dashboards to help you make good business decisions.

  • Customized EOM reports and Dashboard 
  • Recommendation of Best Practices on Front and Back end Billing Operations
  • Claims Tracking/Accounts Receivable Management
  • Electronic Statements
  • Profit Center Reporting including Procedure Analysis

Revenue Recovery

Revenue efficiency is difficult to obtain thanks to an ever changing industry. Impart Knowledge understands the process that will best enable you to maximize profits by getting the most revenue possible. By investigating your revenue management cycle, Impart can develop procedures to improve your bottom line through Impart Solutions, our proprietary revenue recovery software.

  • Matching of ANSI 835/837 data to validate payments
  • Fee Schedule underpayment recovery
  • Effortless Dispute Generation
  • Powerful Dashboard Reports with Payer Report Cards
  • Effective Denial Management
  • Extensive Business Intelligence
  • Payer Contract Modeling for Negotiations