Practice Transitional Services
There are literally hundreds of considerations to convert a private medical practice to a hospital owned entity. Some of these include:
- Credentialing
- Payer participation
- Transition of insurance coverage – liability, property, malpractice
- New regulatory standards for the physician’s office (JCAHO accreditation)
- Physician input on policies and procedures
- Monitoring and follow up on risk management issues
- Employee transition – pay periods, accumulated time off, health insurance coverage, qualification for position (GED vs. high school graduate)
- Employee management/policy and procedure – recruiting, hiring, discipline, evaluations, benefits
- Technology – transition of billing and EMR systems, security, standards for use, service contracts
- Patient transition to different coverage – office based vs. hospital based
- Payables work flow
- Supplier relationships
- Transition cash flow