CMPM’s professional business management staff provides a level of expertise, experience and a proven track record unsurpassed in the market. It is through this expertise and experience that CMPM can provide its superior level of management and financial success to its clients. CMPM provides its business acumen to all areas of practice management essentially providing all key business functions including but not limited to:
The accounting function acting as the group's comptroller,
- Direct and supervise the preparation of accounts payable
- Direct and supervise the preparation of payroll
- Prepare monthly financial statements
- Prepare annual work papers for outside accountant
- Prepare bank reconciliations
- Audit of billing company's handling of client receipts
The human resource function acting as the group's HR Manager,
- Pension and profit sharing plan design
- Development and management of medical reimbursement plans
- Development and management of professional reimbursement plans
- Design and implementation of incentive plans
- Development of unqualified and qualified deferred compensation plan
- Analyze and review all insurance type employee benefits
- Handle all personnel issues
- Develop and recommend physician packages
The financial management function acting as the group's CFO,
- Prepare annual budget, cash flow projections, and financial forecasts
- Handle tax planning and tax related issues
- Manage all business aspects of private offices
- Prepare feasibility studies and break-even analysis
- Negotiate contracts and agreements with vendors
- Prepare FTE studies and staffing arrangement analysis
- Review and analyze business risk insurance
The operational management function acting as the group's COO,
- Review and analyze monthly operational reports
- Maintain appropriate operational statistics and analysis
- Provide oversight of mandatory billing vendor special reporting
- Review special billing reports as may be necessary for specific projects
- Ensure billing is performing contracted functions as necessary
- Audit billing vendor as is requested or necessary
The senior management function acting as the group's CEO,
- Review, draft, and negotiate physician/hospital service contracts
- Develop and review groups internal agreements including employment, buy/sell arrangements, employee manuals, deferred compensation, severance packages, by-laws, and operational agreements
- Review and negotiate equipment and space leases and other general business agreements
- Review, analyze, and negotiate managed care contracts with third party payers
- Development of strategic plans and tactical implementation of these plans
- Negotiation and development of joint ventures with hospital and other technical providers
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