Financial reporting services.
We have designed a general ledger chart of accounts just for Home Health agencies. Our template is customizable and provides methods to track financial results by payor source, services line, discipline and indirect cost centers.
Our custom template is available in electronic format and is included in our packaged services. Our packages of services are provided to new and existing agencies to assist in in the design or modification of your financial reporting system.
Financial assistance, monitoring and analysis services.
We provide monthly, quarterly or annual financial services for Home Health agencies. The services provided are based upon the specific needs of each agency and include preparing revenue summaries and anlysis schedules, calculating prepaid expenses and accrued liabilities and posting general ledger entries. We utilize an online system that provides remote access to your billing and financial accounting systems.
We also offer monthly or quarterly financial analysis of your internally prepared financial statements that includes conference calls to discuss management\’s goals, financial outcomes and operational performance.
Our financial support team is also available to assist in developing financial budgets for your agency.
Coordination of effort with local accountants.
Our team is committed to providing you assistance in all areas of your business. This includes coordination of effort with your local accountant.
Medicare cost report services.
We offfer a full range of services related to the Medicare cost reports for Home Health agencies. These services include cost report preparation, review of provider prepared cost report and assistance with reimbursement and appeals issues.
Software needs analysis, selection and implementation.
Let our team assist in choosing the right billing and accounting software for your unique needs. We have experience in implementation and integration of these systems so that claims are submitted in a timely and efficient manner and you get the financial information needed to successfully manage your business.
Operational analysis.
We regularly assist providers in a variety of operational areas. Our onsite work includes employee and management inquiries, documentation of current processes and written recommendations to management for improvement and enhancement of those processes.
Internal control evaluations.
Our internal control evaluations are designed to help you identify weaknesses in controls that may put assets at risk and result in non-compliance with Medicare and state licensing requirements. Our written reports include suggestions for implementing compensating controls and recommendations to improve existing policies and procedures.
Compensation methods and payroll service needs analysis.
We routinely assist home health agencies in evaluating and selecting compensation methods and identifying payroll systems and payroll service providers that will furnish information needed for cost reporting purposes and management needs.
Policies and procedures for billing and financial reporting.
Policies and procedures are critical to the success of your billing and financial reporting systems. We can assist you in establishing policies and procedures that will facilitate timely billing, cash flow and relevant financial information that is essential to the success of your agency.
Customized education for owners and staff.
We have developed a series of educational programs that are delivered remotely to you and your staff. Each session is conducted by one of our experienced team members and provides interactive question and answer sessions about issues specific to your agency. You may choose from one of several topics or we can create customized classes to your exact specification.