How your practice runs, with patient data kept out

For practices, the scope is business operations only. Patient data stays out, and you decide the rest with your own counsel.

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Where the value tends to be

Well run practices build up a detailed history of how they solve problems in operations. Not one item has to involve a chart:

How scheduling and capacity vary by day and location
Payer follow up steps and the billing office's workflow
Sorting, appealing and stopping denials where they start
Vendor records, staffing records, policies and procedures

The first worry: patient data

Patient data is left out. The scope covers business-operations records alone, and anything holding patient information is kept out. Your practice is subject to health privacy rules, so you and your own counsel decide the scope. What your obligations allow is a legal question we do not advise on, and anything you are unsure of can be left out.

Providers, staff and vendors

Any business records you include have their names and identifiers swapped for placeholders. Your providers, staff and vendors are all covered. What a buyer learns is how the practice works, never who works in it.

Who tends to qualify

The usual fit is a practice or group of at least 20 full-time people with 3 or more years of operating records kept in email, shared drives and reporting tools. A smaller practice with years of well kept procedures can qualify as well. Specialty does not change the estimate, and neither does the number of locations you run.

How the copy is made and checked

It all begins under NDA. The de-identified copy comes from License Your Data, our licensing partner, while your originals never leave your systems. At no point are passwords requested or handed over. Any system, folder or location can be excluded, and a sample comes to you for approval before anything goes out. It costs your practice nothing.

What accounting owners ask

Do we have to include every system?: No. To begin, one source is often enough, such as your scheduling reports or the billing procedures.
Who on our side should be involved?: Most often the practice owner or administrator, whoever looks after your drives and reports, and your counsel.
What about multi-site groups?: Some locations can be included while others stay out, or you can include a single department such as billing.

Find out what your records might be worth

A specialist from License Your Data calls within minutes to set up a 15-minute call.

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