DoctorsManagement Celebrates 60 Years of Helping Physician Practices Thrive
DoctorsManagement, a
Recent healthcare trends have made the services of DoctorsManagement more indispensable than ever. As the healthcare landscape has grown exponentially more complex in recent decades, physicians spend ever-increasing amounts of time complying with rules and running their practices like businesses. According to a new time-motion study conducted by experts at the
Founded in 1956, DoctorsManagement started as a classic entrepreneur's dream: one man, an assistant, and a telephone, neatly situated in a home-based office (also known as the garage). After working as the business manager for
Possibly one of the first medical practice business consultants in the country, Fraim became known as the go-to practice management consultant. Physicians relied on him to free them from their business concerns, allowing them to focus on patient care and reclaim their life outside of work.
In the mid 1980s, Fraim met
The next two decades saw an explosion in government and payer regulation of physicians. Payment became based on codes and complex formulas; insurance claims required more and more information from providers. In response, King continually expanded DoctorsManagement's service offerings to create a full-service medical practice consulting agency. The firm now has offices in three states and handles nearly all aspects of medical practice management, to as great or little an extent as each individual client needs.
"In this era of patient-centered demand and increased regulation, practice revenue continues to decline. Physicians have a business problem which contributes to the healthcare struggles faced in our country today," states
Over the year, several successful divisions of DoctorsManagement were spawned to serve the growing needs of non-clinical healthcare professionals, such as professional medical coders and auditors. The
As federal and private payers began using more sophisticated data mining techniques and statistical analysis to target fraud and abuse, the firm witnessed many innocent physicians being caught in an often-inaccurate crossfire of record requests and recoupment demands. According to a
DoctorsManagement was already prepared for these payer strategies. In 2014, the firm acquired the Frank
"We continually anticipate changes that may interfere with our clients' ability to deliver quality care," King comments. "It's not just a growth strategy for our firm; it is about supporting the business of medicine and the individuals who have dedicated their lives to healthcare."
Read the full story at http://www.prweb.com/releases/doctors/management/prweb13741463.htm
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