Physician Groups, Surgery Centers, Other Healthcare Entities

We specialize in providing CFO support services to large Physician Group Practices, Ambulatory Surical Centers & Other Healthcare Entities.

Following is a list of just some of the areas that my extensive experience may be of assistance to you;

Revenue Cycle Management:

  • Business check-up; Analyze key indicators to highlight areas of concern.
  • Review general effectiveness of procedures used by Charge Entry, Collections & Payment Posting
  • Ensure all charges and payments are being captured.
  • Assist billing with proper month end close processes.
  • Review Accounts Receivable aging for possible collection problems.
  • Analyze monthly data and report negative trends to owners.
  • Review internal controls to ensure cash is properly protected from theft.
  • Assist with management of managed care contracts to ensure profitability.
  • Assistance with PQRS & Meaningful use issues to ensure revenue isn’t cut.

Physician Compensation Issues:

  • Prepare monthly comparative variance reports for physicians on; collections, charges, procedure counts, net income, etc.
  • Assist with physician compensation issues and bonus calculations.
  • Assist with physician buy sell agreements and planning for physician retirement.

Financial Reporting Issues:

  • Prepare or Assist with monthly journal entries and financial statement preparation.
  • Prepare & monitor budgets and forecasts.
  • Review accounts payable procedures to ensure bills are paid timely, aren’t double paid and all discounts are taken advantage of.
  • Assist with new software implementations; I personally have overseen implementation of accounting programs, payroll programs, practice management programs & EHR programs.
  • Assist with setting up new general ledger account structure, to allow for better financial statement reporting-for example to allow reporting by office location.
  • Assist with selection of credit card merchants and negotiating bank loans.
  • Updating fixed asset schedules, preparing corporate & tangible tax returns.