Revenue Cycle

Medac’s Revenue Cycle Management team provides the professional expertise you need to optimize financial performance and help you succeed in the business of healthcare. Trust Medac as your anesthesia business consultant and get peace of mind when it comes to anesthesia billing, compliance, and so much more.

Coordination of Federal and State Income Tax Returns.

W-2 and Form 1099 preparation.

Accounts payable – processing of invoices with checks signed only by authorized physicians.

Payroll and complete tax filing services with direct deposit using a third party payroll service.

Bank reconciliations.

Financial Review and Analysis of Financial Statements – Each month our revenue cycle management group will provide a corporate financial report that includes a summary of the group’s income and expenses by cost center.

Budgeting and Cash Flow Support – Our practice management group will develop an annual budget for the group based on projected income and historical expenses.  Each quarter, the group will receive a comparison of the group’s actual financial activity to the group’s budget.

Fringe Benefit Design Assistance & Management.

Coordinate with third party entities for health benefits, profit sharing etc.

Insurance and Risk Analysis for appropriate placement of your malpractice coverage.

Coordinate with a third party entities to review appropriate coverage for malpractice coverage, commercial liability, workman’s compensation…