Nobody becomes an anesthesiologist to focus on the nuts and bolts of business. Yet as with any specialty, providing anesthesia care is also a business undertaking. To offload at least some financial operation, most anesthesia groups engage one of two types of partners:
In either case, a group may engage a separate anesthesia business consultant for help with heavy lifting – for example, strategic planning, overseeing a merger or acquisition, navigating contractual arrangements with hospital systems, or planning an overhaul of compensation or staffing models. When a group has already engaged a full-service financial partner, engaging a separate business consultant can needlessly drive up expenses and often not add significant value because they don’t understand the group’s culture and local market dynamics.
Consider abeo, an anesthesia-specific service provider offering both billing and practice management, from which clients select according to their needs. When a group engages our full capabilities, the value-add can more than offset the service cost. For example:
These are just two examples of how blending billing and practice management can deliver benefits beyond the possibilities of separate services.
Something else abeo blends: practice management and anesthesia business consulting.
With abeo, practice management includes having on demand access to seasoned industry consultants in addition to comprehensive payroll and accounts payable services, hospital and payor contract negotiations, M&A planning and facilitation, compliance, operational improvement, governance, insurance services, ad hoc reporting and more. In short, we do more.
Which begs the question: Why would you not want to have your cake and eat it, too?
abeo Management Corporation (abeo) serves as a leading source of revenue cycle management and practice management with a specialization in anesthesia. The company leverages its people, processes, and software to serve independent practices, surgery centers, hospitals and healthcare systems with a scope of services that include billing, coding, transcription, practice management, and business consulting.