Top Challenges in Practice Management
                     TOP CHALLENGES IN 
PRACTICE MANAGEMENT
Introduction
 As a healthcare provider, it is difficult 
to manage a successful medical 
practice without practice 
management challenges. Physicians 
face some practice challenges. Let 
us discuss briefly.
Administrative burdens
 Administrative burdens are the most common 
challenges in 
physician practice management. Insurance 
companies require paperwork 
(documentation) for claim submission. For 
that, Physician spends more time on 
paperwork, not on primary care. It affects the 
patient-physician relationship and also 
unnecessarily disrupts the delivery of care. By 
using the EHR for documentation, it saves the 
physician a great deal of time and keeps the 
practice set-up organized. 
Patient Satisfaction
 Physicians want patient satisfaction 
that determines the practice growth 
and sustainability based on the quality 
of service rendered. If they are in 
health problems, they don’t want to 
spend more time in the waiting room. 
In such a case, less waiting time 
would be appreciated. By the way, it is 
important that every practice keeps 
the patient satisfaction score high.
Payer Contracts
 Physicians should focus on the best 
contracts/plans by payers. It helps 
them to improve revenue from other 
services. It also enhances and 
creates a value proposition based on 
the following criteria. Such as,
 Patient volume
 Location
 Specialty
  And local availability of services
Payers dictating healthcare
 Medicare (National Health Insurance 
Program in the US) audits the doctors 
to ensure the following things.
 They are doing everything correctly.
 Getting proper reimbursement for 
their service.
 High penalties are charged for errors 
and fraudulent activities including 
not providing quality care.
About MGSI
 MGSI is the leading 
Revenue Cycle Management company in 
Florida, US. Our company is an A+ rated 
medical billing company with the Better Business 
Bureau. 
 It is HIPAA compliant, ensuring high levels of 
security to patient information. 
 We have experienced medical billing professionals. 
 We provide medical billing and coding services
, physician practice management services, 
AR follows up, healthcare contract management, 
insurance eligibility verification, and 
denial management services, etc. 
Contact US
For any enquires,
Call us: 877-896-6474
Visit us: www.mgsionline.com to 
become partner with us!