FAQ's
Q: Is a rehabilitation department profitable?
A: While many factors will ultimately affect the profitability, the addition of therapy services can produce substantial income.
Q: How do I know if I can support a Rehabilitation department?
A: Advance will provide a no charge feasibility study that will determine the viability of the project based on operational data such as: referral trends, payor mix, reimbursement trends, and diagnose code.
Q: What does the feasibility report show?
A: Based on the information gathered from the practice, the study provides valuable information such as: space and equipment requirements, staffing needs, start-up costs, and financial projections.
Q: How do the new Stark regulations effect physician owned services?
A: The most recent changes to the Stark legislation broadened the ability of physicians to own and operate Ancillary services.
Q: Can two practices share an ancillary practice?
A: Yes. As along as each group has on on-site office where they provide a full range of services on a regular basis.
Q: Does the service need to be on site?
A: No.
Q: Can the service accept patients from other physicians?
A: Yes
Q: What kind of time and resource investment will be required of the existing staff?
A: Based on the goals of the practice, Advance can oversee all aspects of the program, allowing the existing practice to focus on their responsibilities. |