Therapy Practice Management Services companies, referred to as TPMCs, are businesses that offer non-clinical business administrative support to private therapy practices. These services are designed to assist healthcare providers in managing the non-medical aspects of their practice, allowing them to focus more on patient care and improving the overall efficiency and effectiveness of their practices.
Here are some key services that TPMCs typically offer:
Handling tasks related to admin staff management, including admin recruitment, payroll, and employee benefits.
Developing and executing marketing strategies to attract and retain patients, improve the practice’s online presence, and enhance its reputation.
Streamlining the day-to-day operations of the practice, ensuring it runs smoothly and efficiently.
Claims Filing and Follow-Up
Managing the process of filing insurance claims, following up on claims, and resolving any billing issues.
Assisting with the credentialing process to ensure that healthcare providers are authorized to work with insurance companies and other healthcare organizations.
Compliance and Reliability Management
Ensuring that the practice adheres to regulatory and compliance standards, reducing the risk of legal issues.
Managing the financial aspects of the practice, including budgeting, financial reporting and analysis, processing payroll, bill payment services, and revenue cycle management.
Assisting with the setup and launch of new therapy practices, including obtaining necessary permits and licenses.
Practice Expansion and Relocation
Providing support when practices need to expand or relocate their facilities.
By outsourcing these non-clinical tasks to a TPMC, therapy practices can benefit in several ways:
Improved Patient Care
With administrative staff and tasks managed by TPMC staff, on-site staff can focus more on patient care, enhancing the overall patient experience.
Outsourcing administrative tasks can lead to cost savings by avoiding the need to hire additional in-house staff and reducing expenses related to office space and technology.
TPMCs can provide a strategic approach to administrative tasks, improving the effectiveness of the practice without the need for internal resources. Rely on a group of seasoned professionals for strategic conversations and support.
By handling marketing and promotional activities, TPMCs can support the practice’s growth efforts, leaving healthcare providers to concentrate on patient care.
TPMCs offer access to experienced staff who can efficiently handle administrative issues and solve problems.
TPMCs can streamline various office and paperwork-related tasks, enabling the practice to focus on patient care and positive health outcomes
TPMCs Mean Power for Practice Owners
We’ve been in your shoes. Our clients include therapists who were frustrated with the politics of insurance companies and practice administration. We joined together to increase our influence and become more competitive, while still practicing patient care the way we choose.
To be clear, working with a therapy practice management partner does NOT mean you’re:
● Taking on a partner
● Selling your practice
● Becoming an employee of another organization
With a TPMC, you maintain independence and your name remains on your building. You also get more time with patients and the ability to provide better care.