Finance Function Assessment
People, Process and Systems
Your finance function is only as effective as the people, processes and systems that support it. If any of those inputs are underperforming, your whole finance function will operate below expectations.
When you are deep in the work, it can be difficult to find the time or the perspective to assess your finance function’s performance. We can help you with that.
Team Effectiveness
Your revenue realization is driven by many factors. Volumes, service mix, and payor mix. Documentation and coding. Contractual payment compliance. Denials and delays in payment. Accounts receivable reserving processes. These interact to impact P&L revenue in unexpected and hard-to-explain ways. We can help you identify and optimize your revenue analytics.
Systems Assessment
From general ledger to billing to payroll to analytics, the capabilities of your systems are an upper limit to the performance of the various finance team responsibilities. Are your systems interconnected or siloed? Automated or full of manual processes? Designed for the past or optimized for future needs and scalability? We can help you assess your systems and map out future needs.
Process Review
Labor productivity. Length of stay. Provider variation in treatment. These and other factors directly impact your bottom line. It is more important than ever to set realistic standards on input costs and implement controls to meet those standards. We offer assistance in analysis of current operations, opportunity assessment, standard setting, and reporting and control systems.