Practice Management Consulting

Practice Management Consulting

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Physician practice management is critical to maintain a financially healthy practice.

Our dedicated focus and industry involvement provides an in-depth understanding of physician practices.  By having professionals with specialized skills in physician practice management, financial management, strategy, tax planning, valuation, reimbursement, compliance, technology, financial analysis, and transaction advisory we bring a holistic approach to practice management with a deep bench of experience. 

This unique depth of experience becomes evident on each engagement at LBMC. Drawing upon the talents across all LBMC healthcare professionals, we are able to develop solutions that take into consideration the complex environment in which healthcare entities operate today, and help them prepare for the future as well.

Practice Management Consulting Services

LBMC provides a number of services to physician practices. Listed below is a sample of these service offerings:

  • Revenue Cycle, Overhead Analysis and Practice Assessments
  • Bill Payment
  • Bonuses and Taxes
  • Coding, Billing and Corporate Compliance
  • Contract Negotiations
  • Governance Structure Analysis
  • Electronic Medical Records (EMR/EHR)
  • Feasibility Studies
  • Fee Schedule Analysis
  • Hospital/Physician Integration Strategies (from full employment to co-management agents to independent)
  • Human Resource Management Services
  • Management and Board Retreats
  • Market Forecasting/Analysis
  • Mergers/Acquisitions/De-Mergers
  • Monthly Financial Statements
  • Payroll Processing
  • Physician Compensation Modeling
  • Process Improvement
  • Reimbursement Analysis
  • Strategic and Business Plans
  • Tax Planning and Compliance
  • Valuation Services


Services provided by LBMC vary across specialties as well as practice size. Over the years we have served practices as small as single physician practices up to practices with 80 physicians and 200 employees.

LBMC provides physician practices with solutions to complex issues with accounting and assurance, individual and corporate tax services, financial and operational consulting, human resources, and coding, billing and compliance. LBMC has provided services to most medical specialty areas.