Supporting your healthcare facility so you can get back to doing what you do best … taking care of your residents and employees!
We help healthcare organizations get back on their feet by providing the tools they need to master handling their finances and holding each department accountable to reach their financial goals. Don’t let your staff “Pass the Buck,” but “Keep the Buck.” Our goal is to help your business keep its head above water while rebuilding your census.
Our Services
HOW WE CAN HELP YOU
Revenue Optimization
- Business office & billing process review; implement best practices
- Review of accounts receivable aging; provide training and cash collection improvement (A/R cleanup and accountability)
- Analysis of chart of accounts and financial statement classifications as well as preparation
- MDS process analysis and review; implement best revenue capture strategies
- On-going technical support and accountability meetings/calls
Expense Reduction
- Review of accounts payable process and procedures
- Review departmental use of resources
- Review all contracted services for efficiency and necessity
- Analyze bringing insurance contracts in-house
- Analyze current vendors & contracts for potential opportunities
- Cash flow analysis & improvement
Turnaround Services
- Analysis and recommendations for profit maximization across all departments
- Revenue optimization and expense reduction by cost center
- Training on budget development and adherence
- Training on how to read, analyze and maximize financial statement results
- Prepare center for sale and/or assist in after-sale wind-down
- Provider Interim CFO services
We can offer a holistic approach or an isolated issue approach. Give us a call to learn more!
