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The importance of an
organizations financial operations role
in the overall success of an
organization can never be over
emphasized. From setting the
course through planning and budgeting,
identifying areas of inefficiency and
underperformance through
gate-keeping/budgeting, supporting
routine operations through management of
the revenue, payments and payroll cycles
as well as, supporting the ad hoc needs
of managers, directors and
administrators, how well the financial
department foresees, reacts and
accomplishes its tasks is paramount to
the organizations success.
Too often we see that
given the narrow operating margins in
health care, this area lacks the
optimal combination of qualified human
resources, technology and direction
needed to provide the support required
in today's health care environment.
Not enough
people, not the right tools...or worse,
too many people, the right tools, but
no coordination between the people and
the technology.
Over the years one of the biggest
frustrations to managers and
administrators is the inability of staff
to explain or address technical
questions or to provide necessary,
relevant data when needed.
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Financial Operation Review
and Analysis
Our
Solutions
take a hard objective look at
your organization's financial
performance, operations and
organizational structure.
Our
Solutions
can provide the insight
necessary to optimize a single
department or entire facility to
increase efficiency, performance
and financial viability.
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Budgeting and Forecasting
We provide an complete spectrum
of budgeting and forecasting
Solutions
including budgeting, forecasting
and feasibility studies for new
projects, facility short term
and annual operations or long
term 3-5 year plans |
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Accounts Receivable, Payer
Rate Analysis
We provide an extensive scope of
services developed to help
providers streamline their
accounts receivable and
reimbursement systems to
increase their efficiency,
reduce delays in payment and
insure billing and payments
reflect the optimal
reimbursement for the services
provided. If you provide
the services you should be paid
timely and accurately. |
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Cash
Management -Revenue/Payment
Cycle Management, Forecasting
and Budgets & Workout Plans
Along with our accounts
receivable services, assuring
that your cash resources are
managed appropriately is of
paramount importance in health
care today. With lower
reimbursement and higher
expenses associated with being a
provider in today's market place
the effective management of
cash, speeding cash collection
and managing the payment cycle
is more important than ever.
Additionally, for with more
providers facing tough times and
having difficulties meeting
financial commitments, our cash
management and work out plan
services are ideal. |
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Interim Financial Management
and Recruitment
All facility's experience
turnover, however the
organization can not put its
operations on hold until a
suitable replacement can be
found. We offer interim
financial management to help you
keep your organization's
financial operations running
smoothly. In addition, we
can assist in the recruitment of
qualified personnel, asking the
tough questions and helping to
select the right qualifications
for your organization. |
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Cost Reporting
We offer a
complete cost report preparation
service to providers for Federal
and State cost reporting.
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Facility/Department Cost
Analysis, Reduction Strategies
We offer analysis of your
organization's cost structure,
purchasing practices and
expenditure patterns to
determine areas of cost
reduction and efficiency
improvement including the design
and implementation of the plan
developed through our analysis
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Performance Benchmarking
Utilization and cost performance
analysis benchmarked against
state* and federal data bases.
Our bench marking services are
customized to the departments
and areas most useful to your
needs, therefore you don't pay
for volumes of useless,
irrelevant data. Our
comparisons can be performed
against competing facilities,
regions or statewide basis.
We also offer the same services
utilizing national CMS data to
assist providers looking at
national trends or interested in
Medicare specific reported data.
*state information where
available |
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People/Technology Interface
While we touch on this area
because of its importance in
almost all services we provide.
We also offer it as a separate
service for that same reason.
Your company has invested in
both human and technological
resources but are they the right
fit? How well do they work
together?
Too often we see staff under
utilizing the technology
available or technology that is
either out of date or not
implemented to its fullest
extent. We analyze where
the breakdowns occur and develop
the program to optimize the
efficiency and effectiveness of
both valuable resources. |
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Staff Training
Often our
valuable human resources are put
into positions and given tools
but due to other priorities
facing the organization are not
trained in either the facility's
processes, use of computer
technology or the specific
nuances of the position they
fill. We assist providers
in developing the appropriate
training for financial staff
utilizing your organization's
existing training material or
developing one that is specific
to your organization. |
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Other
We offer
many consulting and advisory
services to providers which are
customized to each providers
specific needs. We
encourage you to contact us to
discuss the specific problems
facing your organization and the
solutions we can provide.
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