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21st Century
Edge is one of only a few management consulting firms in the nation with pain management
expertise. Our consultants work with pain management practices across the country
to assist them in solving problems, improving reimbursement, increasing profitability,
controlling expenses, improving cash flow, increasing referral volume, streamlining
operational efficiencies, beating the competition, and improving the use of financial
resources through financial analysis, budgeting, and control.
 At 21st Century
Edge, we understand the dynamics of the healthcare industry. We understand the forces
pressuring pain management practices such as decreasing reimbursement, increasing
costs, intense competition, and a healthcare system no longer controlled by physicians
and hospitals, but rather by external market forces such as managed care and government
regulations.
21st Century
Edge can help you to create or transform your pain management practice into a cost-effective,
efficient, competitive, and profitable business. We deliver the pain management
expertise that you need to succeed!
Problem Solving
We work with you and members of your staff to identify problems in your practice’s
strategies, organizational structure, and internal operations. We will then assist
you in understanding the problems and alternatives for solving them that will help
streamline internal operations and increase the efficiency, productivity, and profitability
of your pain management practice.
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Establishing Pain Management Practices
Are you preparing to start a pain management practice or expand your practice to
include pain management? We can assist in all aspects of establishing, launching,
and building a successful pain management practice. We can help you develop a mission
statement, determine goals, identify target markets, forecast patient volume necessary
for profitability, determine appropriate fees, negotiate the business aspects of
managed care contracts, establish internal operating procedures, hire personnel,
and select automated tools that will help you to establish an efficient, effective,
profitable, and successful pain management practice.
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Referral Building
Referrals are the lifeblood of any successful pain management practice. Referrals
can come from many different sources including physicians, managed care companies,
workers compensation case workers, attorneys, nurses, the general public, and other
members of your target markets. We can help you identify target markets (sources
for referrals) and implement marketing strategies that will increase the volume
of referrals to your pain management practice and promote patient, referring physician,
managed care company, and workers compensation loyalty that will make it difficult
for competitors to enter your market.
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Marketing, Planning and Implementation
Whether building a new pain management practice or increasing patient volume with
an existing practice, the correct marketing strategies make the difference. We’ll
help you identify target markets and develop a marketing plan that will create a
professional image that will increase goodwill (the value of your practice), patient
volume, and help you to get the most results from your marketing expenditures.
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Billing and Reimbursement Improvement
Accounts receivable and reimbursement difficulties can cripple even the most advanced
practice. We help you to identify the problem areas and determine the steps that
are necessary to increase reimbursement through correct coding, claims filing, follow-up,
and the collection process. Our proven techniques will help you stay compliant with
state and federal regulations and to streamline billing operations that will help
you to maximize reimbursement to keep your practice profitable and financially healthy.
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Revenue Enhancement
Some pain management practices want to improve services by adding an in-office procedure
room or by owning an Ambulatory Surgery Center. Other practices want to expand their
treatment modalities by adding new services such as physical therapy, rehabilitation
medicine, behavior medicine, holistic services, or wellness services. We can help
you to explore the alternatives and forecast the profitability or losses associated
with different alternatives so that you can determine the right direction for your
practice.
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Financial Planning, Analysis & Cost Control
Working with you and your staff, we will analyze the financial health of your practice
and determine how you compare with nationally published financial statistics. In
addition, we will review your processes for security, audit, and control that are
in place today. After understanding your current practice, we will recommend financial
reporting and costs that will assist you in reducing your exposure to embezzlement
and in measuring your practice and help ensure that your financial resources are
protected and optimized.
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Strategic Planning
Don’t begin an important journey without a road map and an understanding of
the terrain! Strategy formation involves understanding your practices, strengths
and weaknesses and the environmental opportunities and threats so that your can
create a unique results-oriented vision to take your practice from where you are
now to where you want to go. We can help you to define and then achieve your strategic
vision and goals for your practice.
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Internal Operations Improvement
Efficiency is crucial to
the success and growth of any pain management practice. Based on years of experience
in pain practice management, we can help you create an efficient, effective, and
profitable pain management practice that will have daily operations functioning
like a well-oiled machine.
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