Financial Compliance / Support

• A comprehensive internal audit program focusing on all critical areas of the business office such as: Billing and Census, Revenue Adjustments, Accounts Receivable, Accounts Payable and Fixed Assets.
• Fiscal Intermediary Audit Assistance
• Regulatory monitors relating to Billing Compliance, Resident Trust Compliance and Cost Reporting

Accounting and Reimbursement

• Accounts Receivable monitoring and training for maximizing cash flow
• Centralization of financial management for clients at corporate office
• Chart of accounts development and implementation
• Customization of financial reports to meet the Board of Directors’ needs and requirements
• Development, implementation and monitoring of procedures for capturing statistical information to ensure accurate cost report documentation and compliance
• Development, implementation and monitoring of proper accounting procedures, including the internal audit program, to continuously monitor the business office function
• Development, implementation and monitoring of proper internal control procedures
• Direct hands-on assistance with independent audits
• Financial/Operational reviews with Benchmarking
• HIPAA/Corporate Compliance reviews
• Key Indicator monitoring/management tools and reports
• Monthly review of operating budgets with appropriate management reporting, variance analysis and cost containment opportunities
• Preparation of Annual Operating Budgets and development of Capital Budgets to anticipate, plan and fund future needs
• Strategies for market repositioning
• Strategies for renovation, construction or acquisitions

Benefits of the Products

• Budget controls and monitoring.
• Continuous and effective revenue and expense controls
• Efficient/timely Accounting Reporting Systems
• Improved cash flow
• Increased internal controls
• Lower Days Sales Outstanding (DSO)
• Reduced bad debt
• Timely month-end closing

Reimbursement

• Case Mix Management
• Daily Nursing Financial Planning Strategies
• Medicare Denial Support
• Medicare Operational Analysis
• Medicare Part A Certification Support
• Medicare Training and Support Services
• RUG and MDS Management Support
• Therapy Management

Increase Revenue, Accelerate Cash Flow, Reduce Claim Rejections and Decrease Accounts Receivable

Affinity Health Services Inc. Accounts Receivable Management and Billing Services can be contracted on either an interim basis, during a change in staffing, or utilized on an ongoing basis. Recognizing that nursing home providers are facing difficult financial times, we can assist you in reducing your facility’s bad debt, accelerate cash flow and provide recommendations to improve efficiency of your office staff.

Billing Service Assistance In:

• Collecting Receivables
• Management of Claims Processing and Collections Cycle
• Medicare, Medicaid and Third Party Billing Services
• Medicaid Application Process

Types of Services Provided:

• Analyze Accounts Receivable Aging Reports to Collect Stale Accounts
• Complete Billing to Medicare, Medicaid and Third Party Insurers
• Review Remittance Advices with Follow-up
• Provide Client-Specific Recommendations to Improve Operational Efficiency
• Training for Business Office Staff on Billing, Collections and Revenue Cycle Management