HuTech Resources LLC, Medical Practice Consultants: Medical Practice Consultants Services: Medical Practice Consultants Development

Results underscore our engagements.

"HuTech improved our cash collections 15% in their first year and reduced average days in receivable to 45, excluding capitated EOB's which are beyond their control. HuTech has been prompt in issuing reports, responsive to special requests and vigilant in monitoring outstanding claims. I couldn't be happier." - William D. Bloomer, M.D., President, The Radiation Medicine Institute, Evanston, IL

Each client engagement begins with comprehensive planning. We work together to set quantifiable objectives, then make sure that we all stay on target. We monitor results, identify barriers, and provide detailed reports to keep our clients informed and in control. We share the risk with our Accounts Receivable Management clients. We are motivated and determined to succeed.

Financial Management - Accounts Receivable Management

Situation
The Radiation Medicine Institute provides services within one of the largest university based healthcare systems in the midwest. HuTech was selected to assume responsibility for this group's accounts receivable function and charged with improving the practice's revenue cycle.

Services
• evaluate the process of revenue generation and collection
• identify opportunities for improvement and change
• dedicate the appropriate system technology and human resources

Results
• achieved overall financial improvement
• improved cash collection of 15 percent in first year
• reduced average days in receivable to 45
• established performance indicators with solid baseline data and
quantifiable goals in line with the long term expectations of the
organization

Business Development - New Practice Start-Up

Situation
The decision to start up a new practice is always a difficult one. When two established orthopedic surgeons elected to start up their own practice on Chicago's north shore, HuTech was called upon to coordinate this comprehensive task and was required to do so in "record breaking" time.

Services
• space coordination
• equipment and technology identification and acquisition
• management information system selection and implementation
• initial marketing needs
• contract negotiation
• human resources
• financial aspects

Results
• Office was operational within 75 days of engagement.
• Ongoing AR management and Practice Management has continued since the practice opened.

Testimonials of Success

"HuTech improved our cash collections 15% in their first year and reduced average days in receivable to 45, excluding capitated EOB's which are beyond their control. HuTech has been prompt in issuing reports, responsive to special requests and vigilant in monitoring outstanding claims. I couldn't be happier."
William D. Bloomer, M.D.
President, The Radiation Medicine Institute
Evanston, IL

"Prior to our engagement with HuTech our billing was done in-house. Since taking over our billing functions, HuTech has proven to be a valuable partner to our practice. Not only does HuTech provide excellent billing and collections services, but their hands-on approach has helped bring efficiencies to our office and a knowledge base that no other “billing service” can offer. HuTech is a proactive company that is responsive to our requests and genuinely has our best interests at the forefront of their responsibilities."
Peter Lewy, M.D.
Pediatric Associates of the North Shore
Wilmette, IL

"HuTech has been with our practice for many years serving in the roles of administrator, accountant, consultant/advisor, and accounts receivable manager. HuTech has provided excellent support in the expansion of our practice as well as with the day-to-day operations and addressing our ever increasing technology needs. Today, we consider HuTech a partner in the ongoing management and development of our practice and look forward to a mutually prosperous future together."
Charles Weingarten, M.D.
Otolaryngology Group
Glenview, IL

"We had been dissatisfied with our billing service prior to engaging HuTech. In relatively short order, HuTech was able to implement their practice management system, train our staff, and stabilize our accounts receivable. We found HuTech to be flexible in establishing our working arrangement and they have provided valuable assistance to our staff in regard to policies and procedures, as well as use of their hardware and software. We are confident in HuTech’s ability to properly manage our billing and collection functions in a timely and professional manner."
Susan Nelson, M.D.
Elm Street Pediatrics
Winnetka, IL

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