Medical Practice Efficiency Group (MPEG) provides operational improvement solutions to help medical practices increase profits through more efficient billing, collections, staffing, and technology. Their integrated SILKisi software platform and partnerships with Physicians Benefit Resources for malpractice insurance and Oxford Partners for captive insurance aim to lower costs and improve financial outcomes for practices. MPEG differentiates financial advisors by solving practices' key operational challenges first.
2. Who is MPEG
• Medical Practice Efficiency Group (MPEG) is a
corporation focused on improving the overall
financial improvement of medical practices.
• MPEG provides solutions to reduce the cost,
improve the profit, improve after tax
distribution, and enable the practitioner’s to
fulfill their goals and business direction.
3. What is the benefit to the Advisor
• Differentiating you from other Financial Advisors
• Problem: Most Financial Advisors look to take the
discretionary income of the Medical Professional and “put it
to work”. There are many techniques to “sell” the Practitioner.
The Medical Practitioner is barraged with Financial Advisors
and the internet for investment education. This can make for
a difficult sale.
• Solution: “Sell the most important need” Improve the
performance of the practice! “How do I make operations
more profitable?” Solve this and you become the “Go To”
person for the financial need!
4. MPEG- Your Solutions Partner
• Problems Medical Practitioners face
-Employee cost
-Medical malpractice cost
-EMR/EHR compliance
-Inefficient billing and collections
-Fee schedules
-Taxation
-Technology cost
-Efficiency
- IT Staffing
5. MPEG – Your Solution Partner
• MPEG Solution
-SILKisi – integrated software platform including
billing and coding and EMR/HER solutions
_ Physicians Benefit Resources (PBR) – a medical
Malpractice turn key solution
-Oxford Partners-a domestic captive insurance
company turn key solution
6. MPEG-Your Solution Partner
• SILK isi
-EMR (Electronic Medical Record) EHR(Electronic
Health Record) solution
- Only 30% of medical practices in the U.S. have installed an
EMR/HER solution
- 100% Web based in “the cloud”
- Medicare/Medicaid requirements
- Stimulus money available upon attestation
- Customized work flow of the medical professionals
7. MPEG – Your Solution Partner
• Improves Billing and Collections by 20%-48%
- Professional certified coders billing for maximum
profitability
- Negotiating insurance contracts
- Improving cash flow
- Reduce rejected claims
- NO servers needed, no hardware cost, no user fees, no
down time
ONLY ONE SYSTEM TO IMPROVE BUSINESS
8. MPEG – Your Solution Partner
• SILK isi Target Market
- Medical Practices:
- $5 million and up in billing
- 5 practitioners and up
- Independent of hospital ownership
- Types of Practices
- Orthopedics
-Cardiologists
- Ob/Gyn
- Neurologists
- Surgeons
- Oral Surgeons
- and more
9. MPEG – Your Solution Partner
• Physicians Benefit Group – Medical
Malpractice Insurance
- Problem: Medical Practitioners face
exorbitant cost in malpractice claims. Surgical
Specialists have the most exposure and are
charged the most for malpractice insurance.
- Solution: JOIN PBR RRG
10. MPEG – Your Solution Partner
• PBR RRG is a risk Retention Group owned by
the Medical Practitioner.
- Sole Purpose of the RRG is to make money for the
owners.
- The current Medical Professional Dilemma:
- Insurance companies settle law suits to easily
- Practitioner now has claims history and locked in
to insurance company
- Rates are increased making practitioner more of
a profitable client to insurance company
11. MPEG – Your Solution Partner
• The Solution
- PBR is an exclusive group accepting medical practices with
few claims. “Cherry Picking” the better medical practitioners
allow for a more profitable company allowing from 40% to
60% of medical malpractice premium to be paid back to the
doctor annually.
- PBR reviews practices no less than annually to help med
malpractice improve the practice.
---Typical settle claims are due to poor EMR/HER
documentation
12. PBR Model
Profit
Premium
Medical Practice PBR RRG
Med Mal Policy
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Lloyd of London
13. MPEG – Your Solution Partner
• Target Market
- Specialists and specialist groups paying high
medical malpractice premiums
- OB/GYN
- Orthopedics
- Neurologist
- Cardiologist
- and many more
14. MPEG – Your Solution Partner
• Oxford Captive Group
- Problem: Medical Practitioners, as other
high income earners, look for solutions:
- To protect their assets
- To cover risks that would be unattractive
to purchase policies from retail insurance
companies, with some exclusive taxation
benefits.
15. MPEG – Your Solution Partner
• The Transaction
- 831b Captive – allows for the exclusion of up
to $1.2 million in premium profit per year
- Domestic Captive
- Allow for
- Asset protection
- Taxation reduction
- Efficient asset transfer
16. MPEG – Your Solution Partner
• Captive Model
Premium
Medical Practice CIC
Income Loss Ins
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Re Insurance
Pool
17. MPEG – Your Solution Partner
• Target Market
- Any practitioner or practice with annual
discretionary income of over $300,000.00
- Any business with discretionary income of
over $300,000.00
18. MPEG – Your Solution Partner
• How do you proceed?
If you think you have an opportunity, please call or email:
Mary Ann Staff,
Director of Business Development
6151 Powers Ferry Rd. Ste 400
Atlanta, GA. 30339
678-322-3041
734-834-5850 cell
678-322-3049fax
maryann@mpegllc.com