Services

Fairfield Consultants, LLC specializes in operational and financial problem-solving on either an Individual Issue or Project Basis: 

Representative Individual Issues:  

• Financial Turnaround Strategies

• Provider Productivity Analysis

• Fee Schedule Analysis

• Accounts Receivable Aging Analysis

• Staff Size/Compensation Analysis

• Practice Management Recruitment

• Productivity Based Compensation Formulas
       Physician
       Extenders

• Transitional Strategies For Evolving Physician Roles Within A Group Practice

• Financial/Timing Analysis For Adding A New Physician/Extender To A Group Practice

• Governance Programs

• Practice Management Computer System Selection

• Billing Department Policies/Procedures

• Office Space Utilization/Cost Analysis

• Practice Valuation

Representative Project Management: 

      Medical Practice Assessment 

A medical practice assessment analyzes where a practice has been, where it wants to go and creates a blueprint on how to get there.  We analyze all areas of a practice to determine if the procedures, systems and controls are in place to meet our client’s operational and financial goals. 

      Our assessment includes, but is not limited to:

• Practice Management Evaluation

• Physician/Extender Productivity Analysis

• Profitability Analysis

• Accounts Receivable Aging/Timing Analysis

• Evaluation and Management Coding Analysis

• Billing Policies/Procedures Review

• Personnel Evaluation

• Practice Management Software Review

• Practice/Staff Insurance Program Review

• Facilities And Equipment Evaluation

      Methodology: 

• Interview all Physicians and Key Staff

• Observe Practice Operations

• Analyze Pertinent Productivity and Financial Data

• Compare Results to Industry Standards

• Quantify Key Findings and Recommendations

Our assessment findings and recommendations are presented in a clear and concise PowerPoint presentation.  We include a prioritization of projects to be implemented and a timeline for completion of each. 

We have served as interim management for a multitude of practices, have recruited practice management and have relationships with legal, estate planning, insurance, investment and accounting professionals, should they be required.