What is a PMSO?
Running a medical practice these days isn’t like it used to be. Rules and regulations keep getting piled on that don’t necessarily have anything to do with the whole reason you got into this industry: Treat patients.
The non-medical burdens of your private medical practice are only increasing. You have billing, collections, human resources management, and other concerns that hang over your head every day. It’s times like these that many physicians turn to a Physician Management Service Organization (PMSO) like us here at Trinetic Healthcare for administrative support. This frees up the doctor’s time to, we don’t know… be a doctor?
So, what exactly is a PMSO?
A PMSO, short for “physician practice management company”, generally refers to a business that makes your medical business run smoother. We provide all the non-clinical expertise and services you need to round out your medical practice. In short, we handle all the compliance and paperwork, and you handle making sure patients are happy and healthy.
What type of services does a PMSO perform?
The services offered by a PMSO vary depending on the agreement made between the physician practice and the management company, but they typically involve:
- Premises and/or equipment leasing, maintenance and repair.
- Provision of administrative personnel for the practice (ie. hiring and firing staff)
- Bookkeeping and accounting.
- Billing, claims submission and collections.
- Financial management.
- Marketing and public relations.
- Technological and informational support systems.
- Assistance with managed care contracting.
If the above sounds like something you’d like to take off your to-do list, pass it on over to us here at Trinetic Healthcare today by contacting us at https://trinetichealth.com/become-a-provider-partner.