A technology-driven process for analyzing information to help organizations make more informed business decisions gain greater insight from your data.
Healthcare Consulting
What We Do
Our Healthcare Practice currently provides services to over 280 entities throughout New York State and numbers 35 full-time professionals servicing the healthcare industry for over 25 years.
Freed Maxick serves healthcare organizations including integrated healthcare delivery systems, hospitals, long-term care facilities, home healthcare hospice, home care agencies, adult day care programs, continuing care retirement communities, assisted living facilities, independent living facilities, adult homes, and behavioral health providers as well as numerous medical practices and freestanding specialty clinics.
We have established extensive formal and informal relationships with government officials, industry associations, standards-setting bodies, and professional organizations at the national, regional, and state levels.
BUSINESS INTELLIGENCE
MANAGED CARE CONTRACT SUPPORT
We work with you and your teams to optimize revenue management for quality of care and services provided through managed care contracting strategy development and management.
PERFORMANCE IMPROVEMENT AND PROJECT MANAGEMENT
We work with your organization to achieve performance improvement and transform your organization for success.
Reimbursement & Revenue Enhancement
Adding substantial value to hospital and nursing home healthcare providers by uncovering underpayments and streamlining processes to improve the fiscal health of the organization.
SERVICES FOR HOSPITALS
- Medicare Disproportionate Share
- Medicare Wage Index
- Medicare Bad Debts
- NYS Bad Debt & Charity Care Reporting
- NYS Disproportionate Share Cap
Services for Hospitals and Nursing Homes
- Cost Report Assessment
- Cost Report Preparation
- Reimbursement Retainers
- Reimbursement Department Outsourcing
REVENUE CYCLE SERVICES
Enhancing financial performance through change management, knowledge transfer, process improvement and technology.
BAD DEBT AND PRE-COLLECT SERVICE ASSESSMENT
We identify the drivers that contribute to bad debt expense and to evaluate internal and external collection performance, expense, and the return on investment.
CASH COLLECTION ASSESSMENT
- Breakdowns in eligibility determination and concurrent review process
- Delays in the billing and claim submission process
- Delays in the claim adjudication process
- Uncollectible accounts receivable
- System functionality optimization targets
- Enhancements to accounts receivable management reports and follow-up tools
Denials Management Approach
We will perform a high level assessment of Patient Access, Financial Clearance and Scheduling departments to identify opportunities to leverage technology, streamline workflow, and improve customer service. We will also target opportunities to reduce denials, increase cash collections and reduce bad debt.
Billing and Claims Editing Assessment
We evaluate existing technology to identify opportunities to enhance the logic, functionality, and workflow to support a compliant and efficient billing process.
Remittance and Transaction Management Assessment
We assess the current state of remittance transaction management and identify opportunities to leverage system technology and transaction standards to automate and enhance denials management, secondary billing, and cash collections.
Your Experts
Alan W. Gracie, CPA
Director
Maureen M. Lehsten, CPA
Director
Christopher B. Eckert, CPA
Director
Are you looking for Healthcare Consulting Services from a New York CPA firm?
If so, simply fill out the form below or call us at 716.847.2651 for more information.