The James Group Consulting understands the complexities that the business office faces and the importance of having a well-trained and knowledgeable staff. We understand the workflow from beginning to end and everything in between.
Business Office Outsourcing:
Individuals specializing in healthcare accounting and finance are hard to find, and maintaining quality staff is no easy task – that’s where The James Group Consulting can help.
We can offer cost-effective and efficient business office outsourcing. From business office oversight to your contracted CFO, The James Group Consulting has you covered. Our services range from managing and overseeing your in-house personnel, to providing additional assistance with day-to-day tasks, to the complete outsourcing of your office.
We specialize in revenue cycle management, accounts payable, payroll support, and personal needs fund (PNA) accounting.
Procedural Overview & Optimization:
Maintaining proper procedures in the business office ensures critical checks and balances are in place.
Most lenders and auditors require a set of written policies and procedures. Procedures increase efficiency in tasks as well as ensure all staff understands their roles and functions. In addition to safeguarding against potential fraud, procedures can also assist with cross training initiatives which are vital in small business offices.
The James Group Consulting can create a set of procedures for your office and/or review your current procedures for accuracy, efficiency, and optimization.
Month-end Reconciling/Closing:
The James Group Consulting can assist with the monthly financial reporting close for all accounting modules (A/R, A/P, G/L). Reconciling the financial activities each month ensures the integrity of financial reporting.
Census and contracted billing rates are reconciled to income, ensuring accounts receivable and income are reported properly. Invoice entry and cash disbursement reconciliation ensures expenses are accurate as stated and bank accounts are reconciled appropriately.
The financial close also protects previously reported data to ensure no changes have been inadvertently made after the financials have been presented.
General Consulting and Oversight:
The James Group Consulting is a dependable resource that business office staff and management can turn to for any of their health care accounting questions or concerns.
We are always available to advise and assist with any issues, big or small. Backed by 18 years of industry experience and a multitude of professional resources, we are here to guide you through this ever-changing healthcare world.
Software Integration:
With the growing need for sophisticated software to support Electronic Health Records (EHR) and financial data, facilities are trending to fully integrated software packages. Migrating to a new software can be overwhelming and time-consuming.
Let us guide you through this process and be the liaison between your business office and your software company of choice. We will expertly direct the flow of accounts receivables, ancillary billing, room and board billing and general ledger account set up and flow.