Our tailored solutions help healthcare operators achieve financial clarity, compliance, and improved operational efficiency, enabling them to focus on delivering exceptional care.
Comprehensive Financial and Back Office Solutions
1. Revenue Cycle Management
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→ Billing & Collections:
Billing for Medicaid, Medicare, Managed Care (MCO), Commercial, Hospice & Private/Income. We review all outstanding aging balances and follow up to ensure timely collections.
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→ Medicaid Pending & Tracking:
The trackers verify the payer sources for each admission and monitor the short term residents to establish coverage for a long term stay. We oversee and actively manage the Medicaid pending process to ensure patients are approved timely and accurately.
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→ Census Management:
Handle eligibility verification and maintain daily admission and discharge records for the billing system.
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→ Detailed Reporting:
Access to real time dashboard and system information on revenue, census, accounts receivable, detailed data on collection balances & trends.
2. Accounts Payable
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→ Invoice Processing & Approvals:
Receive, process, review, obtain approvals on all invoices with our electronic invoice approval system.
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→ Payment Management:
Process all payments for facilities via ACH / Checks / Wires.
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→ Month-End Review & Analysis:
Month-end review to ensure accuracy, accruals and trend analysis.
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→ Cost Classification & Reimbursement:
Ensure proper cost classification for maximum reimbursement.
3. Financial Controllership
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→ Audit-Ready Financials:
Prepare audit ready monthly detailed financial statements.
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→ Client Reporting & Feedback:
Provide detailed feedback to clients in real time and in the monthly notes to the financial statements.
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→ Budgeting & Trend Monitoring:
Create budgets and monitor trends.
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→ Covenants & Bank Reporting:
Handle all covenants, lines of credit and bank exam reporting.
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→ Medicaid & Medicare Reporting:
Coordinate all Medicaid & Medicare cost reporting.
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→ Audit Coordination:
Work with and coordinate all audits from state to banking and accounting firms.
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→ Custom Financial Reports:
Prepare custom financial packages and reporting.
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→ Multi-Entity Financial Management:
We prepare operational financials (Opco), property financials (Propco), management and holding companies.
4. Cash Management
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→ Banking & Cash Flow Management:
Maintain all banking relationships and actively manage your cash flow on a real time basis.
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→ Cash Flow & Reconciliation::
Manage daily cash flow and cash projections as well as reconcile all accounts.
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→ Borrowing Base Preparation::
Prepare borrowing bases for lines of credit.
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→ Client Cash Flow Collaboration:
Collaborate with clients on their cash flow management needs.
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→ Cash Projections & Check Runs:
Prepare cash projections and process weekly check runs for review and processing.
5. Payroll Administration
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→ Payroll Processing:
Timecard review with facility management, analysis of trends and submission to payroll processor.
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→ Quarterly Tax Filings:
Process the quarterly tax filings.
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→ PBJ Reporting:
We handle the PBJ reporting and submission.
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→ Benefits & Deductions Management:
Insurance plans implementation, deductions and voluntary benefits in the system.
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→ Workers Comp / 401k Audits:
Coordinate all workers comp / 401k audits.
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→ Payroll/HR System Implementation:
Payroll / HR software implementation.
6. Real Time Reporting Data
7. Boutique Customer Service
1. Revenue Cycle Management
2. Accounts Payable
3. Financial Controllership
4. Cash Management
5. Payroll Administration
6. Real Time Reporting Data
