Posted On: 4-22-2014 | Posted By: WK Staff
Whether we’re helping healthcare providers maneuver a maze of rising costs, sort out complex regulatory changes or identify the optimal practice management strategies, we do so with the utmost respect for confidentiality and our clients’ time.
WK’s healthcare team monitors industry trends and develops practical, cost-effective recommendations for our clients’ most important financial concerns. These strategies help keep clients focused on one thing: providing exemplary care for their patients.
In addition to tax, audit and accounting services, WK can assist medical and dental practices, retail pharmacies and other entities in the medical service industry in the following areas.
- Operational reviews – assess policies, patient scheduling, cash and copay collection, charge capture procedures, accounts receivable, collections and denial management.
- Billing and coding evaluations – assess coding documentation and billing processes
- Compliance review – ensure adherence to key compliance program terms
- Management review – assess available analysis tools, including financial statements and key performance indicators
- Managed care contracting and reimbursement evaluation – assess contracting process and identify opportunities for improvement
- Employee benefit plan design, administration and audit
- Succession planning
- Physician compensation analysis