Medinex Healthcare Solutions

Business Consulting and ServicesFlorida, United States2-10 Employees

Physician practices are encountering more challenges today than at any time in the modern medicine era. Even without empirical evidence or studies to support this, the anecdotal evidence is overwhelming.  Physicians who express heightened concerns about any aspect of their medical practice, professional career, or personal life find navigating the tides of change and regulation at the very least treacherous. 

Medinex Healthcare Solutions understands and provides solutions to the core issues being expressed, it seems that these matters, apart from clinical care activities, generally fall into one of three categories: regulatory concerns, financial concerns, and administrative concerns. 

Regulatory concerns range from wage and labor laws to patient information confidentiality requirements to work place safety. And lingering question for physicians and office managers is: "What are all the things we are supposed to do?" 

Financial concerns can stem from many sources. Health care reform, the possibility of reduction in Medicare reimbursement rates, inconsistent payments from commercial carriers can be illogical, if not inadequate. Obtaining accurate reimbursement for patient care services rendered seems to be an increasingly difficult process. Overhead expenses continue to rise exceeding revenue. Medical partnerships and groups come together, then fall apart, as a result of financial strains from within. It is imperative that a practitioner have an effective revenue and expense management process in place to ensure that money is properly collected and expended.

Administratively, physicians and office managers do their best to effectively manage their practices. Yet the complexities and tasks generated by the health care industry's rapid evolution can be overwhelming.  Then there is electronic medical recordkeeping, Medicare Advantage contracts, and financial incentives from the economic stimulus bill and other acts--they too require administrative resources.

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