Physician

Wellspring+Stockamp’s Physician Solution provides accelerated and sustainable performance improvement for hospital-owned or managed physician practices. Our comprehensive approach includes both operational and infrastructure improvements, delivering significant annual savings.

What Sets Us Apart
Wellspring+Stockamp’s practice management solution is strategically designed to enable hospitals and physicians to thrive in today’s financially challenging, regulated, and competitive environment. We achieve this by focusing on physician alignment strategies and buy-in, operational and financial performance, and practice infrastructure and management effectiveness.

We are set apart by the depth and breadth of our experience. Our team is comprised of seasoned practice management executives and physicians with deep experience in leading and managing a wide array of physician practices. We use proven, data-driven methods and processes to drive change and implement a shared responsibility governance structure that fosters a culture of mutual trust.

Our Approach
Using peer group and industry benchmark comparisons, as well as objective evaluation by our management experts, we develop an assessment and quickly implement a full range of practice improvement solutions.

Our approach focuses on aspects of day-to-day business and operations that typically yield the greatest improvement:

• Physician productivity enhancement
• Market-based and incentive-driven physician Compensation
• Revenue cycle process effectiveness and payor reimbursement
• Undergraduate & Graduate Medical Education restructuring
• Optimization of patient access and patient flow
• Effective deployment of non-provider staff support
• Effective engagement of physicians in team-based patient care management across the entire system

Our solution covers all key components of the physician revenue cycle. We provide end-to-end solutions, from patient access and registration to insurance follow-up and self-pay collections, as well as payer contracting coding improvement. We help medical groups enhance top-line revenues, increase revenue realization, and accelerate cash flow.

Our team is also able to assist hospitals in transitioning employed physicians to private practice or other affiliation models with lower business risk.

On every engagement, the performance improvement goals of our Physician Solution are carefully aligned with the broad goals of the organization, ensuring overall success.