Streamline your healthcare finances with our professional assistance.
Efficient HEALTHCARE Accounting Solutions
Streamline your healthcare finances with our professional assistance.
Healthcare Financial Professionals, LLC
Experienced Healthcare CFO Services
We are financial professionals with significant expertise in the healthcare industry. We provide fractional CFO services to healthcare providers such as nursing homes, ambulance transport organizations, physician practices, and hospitals, specializing in behavioral medicine and medical rehabilitation. Services include financial reporting, budgeting, forecasting, Medicare and Medicaid cost reporting, non-profit Form 990 preparation, and comprehensive financial management.
About Healthcare Financial Professionals, LLC
Comprehensive accounting services
Comprehensive accounting services
Comprehensive accounting services
Healthcare Financial Professionals, LLC provides comprehensive accounting services to healthcare providers of all sizes. Our services include bookkeeping, tax preparation, payroll processing, financial statement preparation, and more. We offer a complete solution to manage your finances.
Experienced professionals
Comprehensive accounting services
Comprehensive accounting services
Our team consists of professionals who have extensive experience within the healthcare industry. Our experts are equipped with the latest knowledge and tools to provide accurate and reliable accounting services to our clients. A key component of our accounting services include strategic insight and interpretation of your current state as well as actions for improvement.
Simplified accounting
Comprehensive accounting services
Simplified accounting
We understand that accounting can be overwhelming for many business owners. That's why we offer simplified accounting solutions that are easy to understand. We provide regular reports and updates to keep our clients informed about their financial status.
client results
Medical (Ambulance) Transportation
Client received unexpected audit adjustments due to incorrect recording of net revenue prior to our engagement. Our discussions with the CEO and Board Chairman defined a calculation using recent actual results as a baseline along with projections of future client/payer mix to standardize net revenue reporting. We followed up with this defined calculation by creating a formal monthly financial board package including Key Performance Metrics (KPIs). The monthly financial board package and KPIs presentation/review has kept all stakeholders well informed and minimized year end audit adjustments.
Multi-service stand-alone Hospital
Improved the monthly financial board package to include graphs which created a visual component to the presentation highlighting key trends.
Defined Key Performance Indicators (KPIs) on staff productivity and reported monthly to the executive level team.
Developed an investment policy that improved returns almost three-fold while meeting the finance committee's risk tolerance.
Nursing Home
Identified financial process improvements for increased efficiency, accuracy and security. These processes included banking, accounts payable, and financial reporting.
Expert Accounting Services
Fractional CFO Services
Realize the benefits of financial expertise without the cost of a full-time executive. Whether you're just starting a business or have an established organization, having financial insight from an experienced industry specific CFO is a valuable resource.
- A bookkeeper just provides you numbers.
- A Controller provides you oversight to those numbers.
- An experienced industry specific CFO provides you insight and strategic direction.
Billing & Collection Services
We offer comprehensive billing & collection services for healthcare providers. Knowing the intricacies of healthcare billing & collections is ever changing. Our team of experienced billers provide a full range of services or can be used as a temporary solution when the need arises.
- Guarantee your cashflow with a consistent and knowledgeable resource.
- Timing is critical when it comes to billing and collections. Ensure your maximum reimbursement with our services.
A/P and Payroll Process Evaluation and Improvement
Our process evaluation and improvement implementation services create efficient organizations saving time and money. Just like a car needing a tune-up, an inefficient process is wasteful.
In addition to the evaluation and implementation, we provide a documented Standard Operating Procedure (SOP) created specifically to your organization's best practices. This SOP is the guide for existing employees as well as training new employees.
Financial Reporting
Timely and accurate financial reporting provides the necessary information to make appropriate decisions. With your input, we create a defined timeframe and specific reports providing you the best information you need.
Our advanced reporting services provide metrics on your business as well as industry comparisons that allow for discussion and strategic direction on the areas most important to you.
Cost Reporting Services
Our team is experienced in completing Medicare and Medicaid cost reports.
The one question that should be asked for every cost report filing is:
Are you confident that your expenses are properly categorized for maximum reimbursement?
If just completing the cost report is the main focus and not answering this question, you are not ensuring maximum reimbursement. We can assist in your current cost reporting process (or take the function on completely) to ensure maximum reimbursement is the focus.
Form 990 Services
Completing Form 990s are resource intensive.
Take the burden off your overworked staff to complete this required and infrequent governmental requirement.
Our experienced staff can complete this filing with minimal involvement from your staff.
Grant Writing Services
We have the resources to research, identify and apply for all types of grants to support your mission.
Our team members have been part of successful grant applications ranging from $5,000 to $5 million.
Setup a free introductory call to learn more of the vast opportunities available to health care providers.
Business Consulting
Our business consulting services help you improve your business operations and increase profitability. We offer customized solutions tailored to your specific business needs.