Innovative Financial Solutions for Home Health (IFS) has over 27 years of experience in the financial and healthcare markets. We offer a broad range of financial management services and can customize these services to your specific wants and needs. We will help you develop and maintain sound financial practices to help ensure that you are realizing maximum benefit of your resources while improving and/or stabilizing your financial and operational performance.
We can help you:
- Identify strengths and weaknesses in your financial operations
- Reinforce those strengths
- Develop a game plan to address weakenesses
- Plan and prepare for the future
Our Financial Management Services assess your overall financial health and well-being. We work with you to develop a plan that will increase your profitability while maintaining or upgrading your quality of care. Our goal is to assist you in meeting the growing challenges that the future will bring.
IFS offers these Financial Management Services:
- Cost Accounting/Financial Analysis
- Financial Planning
- Financial Modeling
- Budgeting and Forecasting
- Budget-to-Actual Analysis
- Financial Statement(s) Preparation (Income Statement, Balance Sheet, Statement of Cash Flow)
- Cost Report(s) Preparation
- Analysis of PPS Specific Issues/Activities, such as: Episode Types and Averages, Reimbursement, Adjustments, Outlier Provision, Resource Usage
- Accounts Receivable Management (aka: Revenue Cycle Management)
- Temporary or Transitional CFO
- Training of Management and Staff
- Audit Assistance
- Litigation Support