Practice Management
MSN is Your Practice's Business Partner
Practice Management Services
MSN’s team of experienced healthcare business professionals provides a range of practice management services, from high level proactive group management to financial and accounting services. MSN is your practice’s business partner in helping meet strategic goals for future success.
Consulting Services
MSN offers consulting services to undertake special projects requiring focused expertise and attention. MSN’s consulting staff assists with projects such as:
- Development of Office-based Labs or joint venture imaging centers
- Group consolidation or practice collaboration
- Alternative physician compensation models
- In-house fellowship program structures to support recruiting needs
Learn More About Our
Practice Management & Consulting Services
Reach out about our team and services
Executive Practice Management
- Custom design of a practice financial statement
- Budgeting and cash flow analysis
- Financial modeling for new ventures
- Development of strategies for risk management
- Negotiation of professional service agreements, including stipends
- Negotiation of teleradiology agreements
- Practice benchmarking
Financial
Services
- Monthly financial statements
- Weekly payables
- Payroll management
- Daily cash management
- Physician employee onboarding
- Bonus calculations and payments
- Physician business expense tracking
- Retirement plan contributions and annual census
- Benefits maintenance and annual review
Consulting
Services
- Consolidation design and process facilitation
- Joint venture design and process facilitation
- Strategic plan development and monitoring
- Analysis of potential new business ventures
- Custom survey development and distribution
- Deep dive practice productivity and staffing review
Industry Involvement
and Leadership
Our active involvement in the medical billing market enables MSN to proactively advise clients on regulatory policy changes and updates, compliance issues, documentation changes, and legislation. Nicole Palmer heads up our Practice Management team. Her knowledge and experience is powered by her leadership positions (past and present) of the Northeast Chapter of the RBMA, the Strategic Education Advisory Committee of the RBMA, the RBMA Data Committee, and frequent guest speaker appearances at national RBMA meetings.
Practice Management Services
- Executive practice management
- Financial modeling for new ventures
- Hospital privileging
- Benefits research, design and recommendations
Financial Services
- Cash management, including bank account reconciliation
- Financial statements/reporting
- Retirement plan contributions and annual plan census
- Benefits management
- Physician/non-physician onboarding
Business Consulting
- Strategic planning
- Healthcare payer strategy and guidance
- Assistance with RFP Responses
- Professional services agreement reviews and negotiations
MSN's Client Successes
MSN’s billing services ensure the strong and even cashflow our clients need to move forward with business initiatives. And MSN’s Practice Management and Consulting team brings expertise to meet your business goals.
MSN’s experts have helped achieve success for many clients:
Assisted a medium sized practice to develop an internal teleradiology department, supporting the group’s needs and those of other regional practices.
Advised a client practice in negotiations to obtain hospital financial assistance to help with the high cost of recruiting.
Redesigned a practice’s benefits program to stand out from the crowd in recruiting new physicians.
Evaluated potential imaging center joint venture with hospital and modeled the venture to enhance value to the radiology practice.
Reduced the cost of practice professional liability insurance with no changes to limits or quality of the policy.
Implemented a Cash Balance Plan to maximize pre-tax partner contributions and achieve a tax deduction for the radiology corporation.