Whether you are a new practice or have been in existence for many years, GTM can assist you as an “off-site” administrator at a fraction of the cost of a full-time executive or administrator. GTM assists practices that are not large enough to warrant hiring an administrator with areas such as expense reduction, budget development, debt restructuring, contract negotiations, coding inefficiencies, billing issues, staffing, human resources management/training, benefits, and operations efficiency. GTM meets regularly with its clients to review financial and productivity trends and ensure all practice initiatives are moving forward. GTM is also available for you and your office manager to contact any time via email and phone to discuss issues that arise.
Executive Oversight
- Off-site Administration
- Implementation of strategic goals and objectives of the organization
- Liaison between lawyers, accountants, technicians, and other professional services
- Professional resource for office managers and physicians
- Mediation of internal issues between physician partners
- Negotiation and review of contracts and agreements with suppliers, distributors, federal and state agencies and other organizational entities
Financial Management
- Health plan contract negotiations
- Creation of annual budget
- Review monthly with physicians, monitor variances and make necessary recommendations
- Expense analysis
- Oversight of accounts receivable
- Oversight of accounts payable
- Coordination of debt restructuring
- Pension plan analysis and optimization
- Oversight of bookkeeping
- Access to a proven network of vendors and professional services, allowing for potential group discounts
Human Resource Management
- Assistance with annual performance reviews and performance increases
- Employment & termination reviews
- Assistance with employee salary structure
- Adjudication of issues between providers and employees
- Review of personnel policies and procedures to ensure conformance with current laws and regulations
- Training for office personnel
- Evaluation of group health plan & employee benefits
Facilities Management
- Building issues, utilities, maintenance, etc.
- Lease negotiations
- Expansion projects (planning and implementation)