Key responsibilities and functions of our consultants include:
Client communication: Direct interaction with not-for-profit clients to provide financial accounting and operational services.
Board and committee presentations: Delivering monthly financial statements, budgets, and other reports at Finance Committee and Board meetings.
Fiscal leadership: Providing financial guidance to senior management and overseeing contracted billing services.
Financial reporting: Preparing monthly financial statements and performance metric reports for management.
General ledger and reconciliation: Maintaining schedules for fixed assets, reviewing patient revenue and accounts receivable, and performing analytical reviews of monthly financial statements.
Grant management: Providing oversight for cash management, reporting, and proper and timely drawdowns of Federal grant funding.
Vendor management: Providing guidance on vendor relations, including negotiation and credit terms.
Policy and procedure oversight: Maintaining and updating fiscal accounting policies and ensuring compliance with regulatory agencies.
Budgeting and regulatory compliance: Ensuring proper preparation of the annual budget, Federal grant applications (including H80/330), and Federal Financial Reports (FFR’s).
Audits: Preparing for annual independent financial statement audits and Single Audits (A-133), coordinating with external auditors, and reconciling discrepancies.
Grant reporting: Creating and maintaining monthly expenditure reports for grant reimbursement and revenue recognition, and preparing regulatory reports like UDS, MCVR, and Medicare Cost Reports.
Accounting software: Customizing financial reports and setting up general ledger accounts and cost centers in various accounting software.
Special projects: Overseeing the implementation of a 340B In-House Pharmacy, including construction and hiring.
Medicaid rate appeals: Preparing necessary schedules and documentation for clients undergoing Medicaid rate appeals.
We offer comprehensive assistance to FQHCs in achieving full readiness for their HRSA Operational Site visits.
Guiding healthcare organizations through every step required to attain FQHC Look-Alike designation, ensuring compliance, readiness, and successful approval.