The current healthcare environment is making it harder for independent physicians to survive by themselves. When you have to worry about the ins and outs of running an office, making your patients the No. 1 priority can seem like a daunting task. In today’s world, aligning yourself with fellow doctors in the same position is key. It’s not only a proven strategy for gaining operational efficiencies, but also critical for increasing revenues year after year.
By uniquely positioning itself in the healthcare community, VitalMD is leading the transformation of the national healthcare delivery system and helping physicians get the best of both worlds. With us, you’re able to stay in private practice and enjoy the same benefits you would get from a large group practice, like ample resources and negotiating power.
As a result, there’s no need to worry about meeting quotas, being tied to set schedules and capping your income. You maintain the flexibility to manage your own schedule and staff without the usual operational headaches, like declining reimbursements and regulatory changes.
More importantly, partnering with VitalMD allows you to focus on what really matters: patients. Today, VitalMD has more than 400 satisfied physician owners at 200 centers throughout Florida who treat over 500,000 patients each year. These physicians have the ability to stay in private practice, with all the benefits and stability of a larger organization.
Join our network and see the best of both worlds come together for your practice. Together, we become stronger. And together, we will set the bar for healthcare delivery.
To be the leading innovator in the delivery of healthcare by giving patients access to high-quality, efficient medicine through our integrated network of providers, ancillary centers and partners.
VitalMD is your support system. Teaming up with us alleviates many of the challenges of running a practice, making it easier to prioritize patient care. We bring the best of both worlds together, so you can focus on what truly matters.
And when you partner with us, we are with you every step of the way. From negotiating health insurance for employees to implementing electronic health records, VitalMD is there to help. Together, we can help your organization grow.
- Accounting and Finance
- Data Services
- Employee Services
- Group Purchasing
- Information Technology
- Managed Care Support
- Quality Assurance
The Accounting and Finance Department handles physicians’ finances with utmost care to ensure you are on track for a better bottom line. All finances are handled in a timely manner while keeping physicians informed with monthly and quarterly finance statements.
Accounting services include opening new business checking accounts, monthly bank reconciliations, year-end accounting reviews and QuickBooks training.
The Compliance Department guides VitalMD physicians in their efforts to remain compliant with the laws and regulations of our ever-changing healthcare system. The goal of our Compliance Department is to prevent misconduct and abuse of regulatory guidelines, while promoting ethics, honesty and efficiency.
By administering in-depth educational programs, conducting HIPAA Security Risk Assessments, and producing and analyzing practice-specific reports, the Compliance Department will ensure that your practice adheres to the standards mandated by law.
The Data Services Department offers comprehensive data and metrics to help identify the best and worst areas of each VitalMD physician’s performance. These metrics allow physicians to recognize trends in practice performance and gain insight and recommendations to better your bottom line.
Services include data conversions, financial projections, physician scorecards and data support for practice-specific projects.
As a member of VitalMD, physicians have access to our team of experts who provide guidance and tools to recruit, hire and train office employees. The Employee Services Department processes staff payroll and benefits in order for your staff to focus on providing the quality healthcare the patients deserve.
Policy creation and management, new-hire background checks, vendor interaction and tax documentation are just a few of the services offered.
With VitalMD, your practice has access to a multitude of outside vendors with the necessary products and services needed to run your office efficiently. The Group Purchasing Department has established long-term relationships with these vendors to offer you cost-effective business solutions that meet the needs of your office. Participation in the program significantly reduces the operating expense because we’re utilizing the group’s buying power. This in turn helps practices optimize their resources and enhance patient care.
VitalMD member physicians benefit from ongoing maintenance and technical service support, including hardware and software upgrades, coordination of system-related equipment repairs and a help desk available during normal business hours. Our Information Technology Department serves as the secure gatekeeper to critical information your staff needs to run an efficient practice.
Other IT services include network architecture, remote monitoring and electronic health records (EHR) implementation.
Our legal team advises physician practices on professional services contracts, confidential disclosure requirements, and affiliation agreements with hospitals, pharmaceutical companies, government agencies and universities. We provide insight and recommendations regarding compliance with Stark, the Anti-Kickback Statute and associated safe harbors, the False Claims Act, state fraud and abuse laws, warranties, the Civil Monetary Penalties Law, HITECH, HIPAA, policies affecting referral and financial relationships between healthcare providers, medical malpractice, and other state and federal privacy laws.
We also advise our physician clients on partnership and vendor opportunities, intellectual property laws, labor and employment laws, real estate leasing, equipment leasing/financing, and general corporate management issues.
As the healthcare industry rapidly changes and government agencies implement new processes, VitalMD remains on top of its evolution by providing expert managed care services to providers statewide. The Managed Care Department oversees important tasks, formerly completed by the practice, which will allow physicians to concentrate on providing quality healthcare services to their patients. Also, physicians who have joined VitalMD have experienced significant practice growth and increased reimbursements.
The importance of patient engagement continues to grow and is necessary to stand out from your peers with tools that will put you at the forefront of healthcare innovation.
The Marketing Department will work with you to build your practice through various online and offline initiatives. Social media, videos, blogs and referral services are just a few of the ways we can support your practice to help boost patient acquisition and engagement.
In addition, physicians gain access to a suite of cutting-edge products and services that enhance the patients’ experiences every step of the way, including automated appointment reminders, customer service training, electronic patient registration and online reputation management.
With the constant changes and compliance demands imposed on physician practices, it seems to take more work now than ever to collect for the services you’ve provided. With support from our Operations Team, physicians who have joined VitalMD will receive what they’ve earned.
The Operations Team utilizes their revenue cycle management expertise to analyze billing codes, rejections, denials and reimbursement policies in order to guard member physicians against costly errors and underpayments. In addition, we provide continued support and training for all practice administrators and staff and have implemented the most sophisticated practice management systems and processes for optimal practice efficiency.
The Quality Assurance Department offers VitalMD physician members a team of certified auditors that will dive in and evaluate each area of the practice to ensure all guidelines are being met. The team benchmarks physicians’ use of evaluation and management (E&M) codes against the rest of the group practices in that specialty, as well as against Medicare’s benchmark to provide accurate recommendations.
WHAT OUR MEMBERS ARE SAYING
To help your practice succeed, VitalMD partners with many local and national vendors who offer economical business resources that ultimately benefit both you and your patients.
In addition to our vendor partnerships, VitalMD is proud to have a long-standing partnership with Femwell Group Health, Inc., a Management Services Organization (MSO) that specializes in providing cost-effective solutions for the business aspects of healthcare.
By helping members achieve their financial, operational and clinical goals, Femwell allows the VitalMD-affiliated physicians to focus more on patient relationships. With VitalMD, the best of both worlds is within reach.