Business Details
42 Years
experience
Medical Practice Management Experts Since 1984
Health Management Associates (HMA) has been a trusted partner in physician practice management since 1984. Our team of seasoned professionals brings decades of combined experience in financial management, strategic planning, and operational consulting for medical practices. We specialize in delivering tailored solutions that optimize revenue cycles, streamline administrative processes, and enhance practice efficiency. With an average client relationship spanning 15 years, our proven track record demonstrates our commitment to long-term success. Our services encompass billing audits, data analysis, contract negotiations, and practice assessments, serving specialties ranging from radiology to oncology.Backed by certifications from industry organizations and a client-centric philosophy, we prioritize transparency, data-driven decision-making, and personalized service delivery. Our leadership team maintains active roles in professional associations, ensuring our methodologies align with evolving industry standards. Through strategic partnerships with academic institutions and community hospitals, we provide comprehensive support that empowers physicians to focus on patient care while achieving financial stability.
Services
Revenue Optimization
Financial Management
Customized Bookkeeping
New Practice Development
Office Operations
Practice Assessment
Data Analysis
Marketplace Surveys
Strategic Planning
Details
- Year established: 1984
Highlights and features
- We offer 35+ years of specialized experience in physician practice management
- Our team maintains an average tenure of 15+ years
- We provide full-service solutions under one roof
- Our data-driven approach optimizes practice financial performance
- We maintain long-term relationships with 30+ year client partnerships
What people say
Truly excellent service
Wisdom, insight, vision
Highest quality services
Treat clients like family
Impressive financial results
Services
Revenue Optimization
Our revenue optimization specialists analyze billing processes and implement strategies to maximize practice income. We identify underperforming areas through detailed data analysis and implement corrective measures that improve collections by 15-25% on average. Our team works closely with medical billing departments to ensure compliance with changing reimbursement regulations while maintaining optimal cash flow.
Strategic Planning
We develop customized growth strategies based on comprehensive practice assessments and market analysis. Our approach combines financial forecasting with operational benchmarking to create actionable roadmaps for sustainable growth. Through regular performance monitoring and adjustment cycles, we help practices adapt to evolving healthcare environments while maintaining financial stability and operational efficiency.
Financial Management
Our financial management services provide complete accounting solutions tailored to medical practices. This includes budget preparation, cash flow analysis, and financial reporting customized for healthcare providers. We implement systems that improve financial visibility while maintaining compliance with healthcare-specific accounting standards and regulatory requirements across multiple practice locations.
Practice Assessment
We conduct comprehensive evaluations of practice operations using industry benchmarking data. Our assessments identify efficiency gaps and revenue leakage points through detailed workflow analysis. The resulting reports provide prioritized recommendations for process improvements that typically yield 20-30% operational cost savings within the first year of implementation.
Data Analysis
Our analytics team transforms practice data into actionable insights using advanced healthcare-specific tools. We create customized dashboards that track key performance indicators across clinical and financial operations. This data-driven approach enables evidence-based decision-making that improves both clinical outcomes and financial performance through continuous monitoring and reporting cycles.
People
Jonathan B. Richman
Founder and President
MBA graduate with 40+ years of healthcare consulting experience. Specializes in strategic planning for hospital-affiliated physicians. Recipient of HFMA's Follmer Bronze Merit Award. Active speaker on medical practice management topics.
Jolan Laibson
Principal Consultant
MBA and CPA with 35+ years in healthcare consulting. Focus areas include radiology and pathology practice management. Active HFMA member and award recipient. Provides expert guidance on financial and operational matters.
Fredrick R. Romano
Principal Consultant
30+ years of medical practice management experience. Specializes in third-party contract negotiations and reimbursement strategy. Harvard graduate with expertise in anesthesia and radiology billing. Certified by Massachusetts Medical Society.
Michael Mitchell
Senior Consultant
25+ years in healthcare financial management. Specializes in revenue cycle management and provider compensation models. University of New Hampshire graduate with extensive experience in practice start-up and transition planning.
Questions
What physician specialties do you serve?
We work with radiology, anesthesia, pathology, cardiology, emergency medicine, and 15+ other medical specialties nationwide.
Do you work with hospital executives?
Yes, we provide strategic consulting to hospital administrators on physician practice management and financial optimization.
Are your services available outside Massachusetts?
We serve clients nationwide, with 35+ years of experience supporting medical practices across the United States.
What practice management services do you offer?
Our comprehensive services include revenue optimization, financial management, strategic planning, and data analysis for medical practices.
How long have you served medical practices?
HMA has provided medical practice management solutions since 1984, maintaining many 30+ year client relationships.
Why choose HMA over multiple vendors?
Our single-source solution combines 35+ years of experience with specialized expertise across all aspects of medical practice management.
