MedCXO

MedCXO is a solution offered by MedCXO that aims to assist small medical practices in running their operations more efficiently. According to the vendor, this product provides access to highly skilled executive CPAs with extensive experience in physician practice management. It offers several key features that cater to medical practices, physicians, healthcare providers, private practices, and small healthcare organizations.

Key Features

Fraud Analytics and Detection: According to the vendor, MedCXO provides fraud analytics and detection services for medical practices. Their CPA aggregates data from payroll, accounts payable ledgers, and banking deposits to generate a report that can help identify patterns, exceptions, hidden trends, and other schemes related to employee fraud.

SEO On-page Services: MedCXO offers SEO on-page services for medical practices. The vendor states that they provide a free SEO website audit report and optimize the on-page website through keyword analysis, title, H1, and description writing, load speed improvement, alt tag/image writing, and Google Analytics set-up.

Phone/Scheduling Process and Revenue Cycle Management: MedCXO assists medical practices in optimizing their phone/scheduling process and revenue cycle management. The vendor says they review the phone scheduling process, identify areas for improvement, and analyze cash outflows to negotiate better rates with vendors causing financial stress.

Business Advisory Services: According to the vendor, MedCXO provides business advisory services for medical practices, including operational and financial valuation, M&A (mergers and acquisitions), and other advisory services. Their team reviews operational functions like phone scheduling processes and revenue cycle management to provide guidance and recommendations.

Human Resources: MedCXO offers human resources services for medical practices. The vendor claims they assist in hiring employees, conducting background checks and drug testing, running ads, conducting interviews and selection processes, all for a fixed fee.

Medical Practice Tax Structure Help: According to the vendor, MedCXO guides medical practice owners in determining the best tax structure for their practice. They provide information on how distributions affect tax liability and help determine the most suitable legal entity for the practice.

Business Valuation: MedCXO helps medical practice owners in valuing their practices, especially if they are considering selling or buying a practice. The vendor states that their experienced team provides a comprehensive business valuation report that complies with industry-leading guidelines and offers advisory services during the negotiation process.