Medical business consultants provide service for doctors and clinics. Their main purpose is to provide administrative and management services for doctors in need. These consultants will evaluate suspected problem areas as well as go further in their investigation by looking at sources that may not seem to be a problem to the doctor but turns out those additional areas of their medical business needs support or reorganization.

Although these consultants have a main goal which is to help increase the cash flow for the doctor, they go beyond this with far more extensive services than cash flow. Other aspect of their services include organizing of fee for service medical groups, construct employment agreements, plan out and implement business strategies for the doctor, negotiate contracts with hospitals, enforce contracts with insurance companies, set up partnerships with vendors and suppliers, analyze fee schedules, make financial information simpler, create budgets and manage cash flow, prepare financial statements, evaluate insurance coverage, etc. Overall they act as advisers to the doctor when it comes to all non medical activities.

The overall consulting package comes with five different categories of management. The first one is called reimbursement management. The consultant will look into anything that might pertain to billing procedures. They will then analyze how this is affecting the overall cash flow situation. This particular category also analyzes the fee schedule, existing policies and procedures the doctor has in place for his employees. They also perform a monthly audit that they will send to the doctor on a monthly basis.

The next category is third party management. This covers managed care affiliation strategy, managed care contract reviews, alternative risk based arrangements, contract negotiations, contract re negotiations and contract enforcement.

The third category is compliance management. The medical business consultants will actually write a policy and procedure plan for the doctor. They will make sure that it is enforced by talking with key employees. They offer education and training. The consultants will also offer monitoring and auditing as well as disciplinary actions or corrective actions.

Strategic management is the fourth category of service that is offered. The main service offered here would be the construction of a business plan for the doctor to follow. Other services included in this category are marketing studies, any type of corporate agreements as well as contract negotiations and more.

The final category is called financial management. This is probably the one service that the doctor is most interested in. The category encompasses most things to do with finances. The consultant will create a financial report that they will analyze and give to the doctor in simpler form that is easier to understand. They will analyze the productivity of the medical office or clinic. The consultant will handle all financial issues and administrative issues. They will also analyze benefits that employees are offered as well as the assessment of any retirement plans that might be implemented.