The revenue coming into your practice is of importance to you, the physician owner. The security of this revenue should also be of concern. It may not seem that there is a security issue with the revenue because most comes in from insurance companies by check, but it is possible for leakage of these funds. Many physician practices lose significant money each year to dishonest employees or poor cash handling procedures.

iMed Group will come to your practice and audit the trail of revenue from its source into the practice and out as an expense. Specifically, handling of cash and insurance payments will be followed to ensure that the revenues stay in the practice. We will review your policy for handling cash and other forms of payment.

iMed Group will draft a flow chart of these monies into your practice and into your cash posting system to patient accounts. An analysis of how your procedures and policies can be altered to provide more security over these funds will be presented. Significant loopholes that could lead to loss of money will be immediately brought to the attention of the physician practice owner.