The fiscal operations of long-term care facilities touches on every aspect of the organization and is the key to the success of the facility. Let Premier Healthcare Resources join your financial team to ensure the success of your facility.

Some of the services we provide are:

Medicare Bill Review
Premier Healthcare Resources has developed a comprehensive Medicare billing review. By completing this in-depth review on a sample of a facility's bills, we can determine if there are issues related to non-compliance with Medicare regulation and identify opportunities to improve reimbursement.

Cost Report Preparation and Review
Cost reports are important to the financial operations of the facility and must be filed accurately and accepted by the agency to allow your facility to receive third party reimbursement. Premier Healthcare Resources has extensive experience in preparing both Medicare and Medical Assistance cost reports in a majority of states.

Financial Analysis

Management has responsibility for planning, organizing, and controlling the activities of any organization. Financial assessment can aid management in the daily decision making process by addressing the setting of equitable rates, furnishing a basis for negotiations with contractors, fulfilling requirements of professional and governmental associations, providing a measure of effectiveness of the operation, and provide a basis for planning future operations.

Premier Healthcare Resources has developed tools to measure the financial performance of the operations and to monitor specific functions of the facility.

Medicare Billing and Collection Training

Business Office Training

Financial Operations Assessment

Budgeting
Budgeting is not merely planning financial affairs, but developing an integrated plan for all phases of the operations of the organization.

Facilities must have an operating budget which is used to measure actual financial performance of the operations. Budgets include detail department expenses such as projected net revenue by payor class and anticipated per diems.

Premier Healthcare Resources has developed budget models which incorporates the goal of planning future operations. The budget model will be program and facility specific to project the financial outcomes desired.