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Senior Community Management and Consulting Services |
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Management Services
Financial Compliance / Support 
- A comprehensive internal audit program focusing on all critical areas of the business office such as: Billing and Census, Revenue Adjustments, Accounts Receivable, Accounts Payable and Fixed Assets
- Regulatory monitors relating to Billing Compliance, Resident Trust Compliance and Cost Reporting
- Fiscal Intermediary Audit Assistance
Accounting and Reimbursement
- Development, implementation and monitoring of proper accounting procedures, including the internal audit program, to continuously monitor the business office function
- Development, implementation and monitoring of proper internal control procedures
- Development, implementation and monitoring of procedures for capturing statistical information to ensure accurate cost report documentation and compliance
- HIPAA/Corporate Compliance reviews
- Preparation of Annual Operating Budgets and development of Capital Budgets to anticipate, plan and fund future needs
- Monthly review of operating budgets with appropriate management reporting and variance analysis and cost containment opportunities
- Strategies for market repositioning of services
- Chart of accounts development and implementation
- Customization of financial reports to meet the Board of Directors' needs and requirements
- Strategies for renovation, construction or acquisitions
- Key Indicator monitoring/management tools and reports
- Direct hands-on assistance with independent audits
- Centralization of financial management for clients at corporate office
- Accounts Receivable monitoring and training for maximizing cash flow
- Financial/Operational reviews with Benchmarking
Benefits of the Products
- Lower Days Sales Outstanding (DSO)
- Reduced bad debt
- Timely month-end closing
- Continuous and effective revenue and expense controls
- Improved cash flow
- Increased internal controls
- Efficient/timely Accounting Reporting Systems
- Budget controls and monitoring for management team
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Reimbursement
- Medicare Operational Analysis
- RUG and MDS Management Support
- Case Mix Management
- Therapy Management
- Medicare Training and Support Services
- Medicare Part A Certification Support
- Daily Nursing Financial Planning Strategies
- Medicare Denial Support
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