Practice Analysis Services

Comprehensive revenue cycle assessment by Chartered Accountants. Identify inefficiencies, uncover revenue leakage, and implement data-driven improvements.

What is a Practice Analysis?

A NEOM Practice Analysis is a comprehensive financial and operational assessment of your medical practice's revenue cycle. Unlike generic consultations, our analysis is conducted by Chartered Accountants who bring corporate financial expertise to healthcare billing.

We examine every aspect of your billing operation—from patient registration to final payment—identifying bottlenecks, inefficiencies, and revenue leakage. The result is a detailed report with specific, actionable recommendations backed by data.

Deep Dive Analysis

Comprehensive review of your entire revenue cycle

Detailed Report

Full analysis with findings, metrics, and recommendations

Implementation Plan

Step-by-step roadmap to improve performance and increase revenue

Our Analysis Process

A systematic, data-driven approach to uncovering opportunities

Revenue Cycle Assessment

We analyze your complete billing workflow from patient intake to final payment, identifying process gaps and inefficiencies.

What We Review:

Patient registration and verification processes
Coding accuracy and specificity
Claim submission timing and methods
Follow-up and denial management procedures

Deliverables:

Process flow diagrams
Bottleneck identification
Efficiency benchmarking

Billing Efficiency Audit

We examine claim submission accuracy, denial rates, and payment timelines to identify revenue leakage.

Key Metrics Analyzed:

Clean claim rate and first pass resolution
Denial rate by reason code
Days in accounts receivable
Collection rates (gross and net)

Findings Include:

Revenue leakage sources
Underpayment patterns
Denial trend analysis

Coding Accuracy Review

Our certified coders audit a sample of claims to assess coding accuracy, specificity, and compliance.

Audit Scope:

ICD-10 diagnosis code accuracy
CPT procedure code selection
Modifier usage and appropriateness
Medical necessity documentation

Outcomes:

Coding accuracy score
Reimbursement optimization opportunities
Compliance risk assessment

A/R Aging Analysis

We analyze your accounts receivable aging to identify collection opportunities and write-off candidates.

Analysis Components:

Aging bucket distribution (0-30, 31-60, 61-90, 90+ days)
Payer-specific aging trends
Collectibility assessment

Recommendations:

Priority follow-up accounts
Write-off policy guidance
Collection strategy improvements

Payer Mix Evaluation

Understanding your payer mix helps optimize contracting and identify profitable service lines.

We Analyze:

Revenue by medical scheme
Reimbursement rates by payer
Denial rates by scheme
Days to payment by payer

Strategic Insights:

Most profitable payer relationships
Contract renegotiation opportunities
Service line profitability analysis

What You Receive

Comprehensive Analysis

Report Sections:

Executive Summary with key findings
Current State Assessment
KPI Benchmarking vs. Industry Standards
Revenue Leakage Identification
Process Improvement Opportunities

Additional Deliverables:

Prioritized Action Plan
Financial Impact Projections
Implementation Timeline
Presentation and Q&A session
Post-analysis support

Case Study: General Practice Revenue Optimization

A 3-doctor general practice engaged NEOM for a practice analysis. Our findings revealed:

Collection Rate

78% → 94%

Days in A/R

45 → 28

Monthly Revenue

+23%

Result: R180,000+ additional annual revenue with no increase in patient volume.

Ready to Uncover Hidden Revenue?

Schedule a consultation to discuss your practice analysis needs

NEOM Support

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