Are Your New Acquisitions or Affiliations Maximizing Revenue Potential?
At Five Lakes Dental Practice Solutions, our revenue cycle consulting services streamline the integration of new practices, optimize financial performance, and align operations with your DSO’s goals, so you can focus on patient care, practice growth, and growing enterprise value.
Five Lakes Revenue Cycle Consulting for newly affiliated practices provides validation to expected pick-up, while identifying additional opportunities that can’t be identified in due diligence. Further, it allows you to streamline and clean up many facets of your payer contracting strategy, including fee schedules, patient access, and corporate structure.
Our RCM Consulting Services for Newly Affiliated Practices provide a comprehensive, data-driven approach to ensure your newly affiliated practices thrive from day one. We review financial performance, patient demographics, and market opportunities to determine the practice’s revenue potential and growth opportunities, ensuring a profitable investment.
Apply Negotiated Fee Schedules
We implement optimal fee schedules negotiated across your DSO’s footprint to maximize reimbursements and align with payer contracts.
Streamline Payer Contracting Strategy
We develop a strategic payer contracting strategy. Selected plans will align with your business goals and patient base to avoid suboptimal contracts that erode profits.
Review Office Fees
We analyze and adjust office fees to ensure competitiveness and alignment with market standards. This can boost revenue without compromising patient retention.
Execute Tax Identification Changes
We manage seamless updates to tax IDs, ensuring compliance and uninterrupted billing processes during the transition.
Identify Issues, Risks, Strengths, and Weaknesses
Our thorough analysis uncovers operational risks, compliance gaps, and areas of strength to provide a clear roadmap for improvement and growth.
Record Collection and Documentation
We organize and standardize insurance records, fee schedules, and documentation to ensure accuracy, compliance, and efficient revenue collection.
WHY CHOOSE FIVE LAKES?
Effective revenue cycle management for newly affiliated practices drives DSO profitability and operational consistency. Without a strategic approach, DSOs risk revenue losses from misaligned fees, inefficient or inconsistent payer contracts, or undetected operational issues.
Five Lakes’ consulting services deliver actionable insights, streamlined processes, and optimized financial performance, enabling your DSO to integrate new practices seamlessly while prioritizing quality patient care.
Ready to Unlock Your New Practices’ Revenue Potential?
Contact Five Lakes for DSO revenue cycle consulting that optimizes acquisitions, fee schedules, and payer contracts. Boost profitability and focus on patient care.