Healthcare Accounting & Healthcare Consulting

Enhance practice profitability by partnering with experts to manage expenses, increase revenue and improve operational efficiency. KB Healthcare Consultants can assist with operational and complex regulatory mandates that healthcare practices are frequently tasked with to keep the business operating successfully.

• Chart Audit and Review
  • Perform quarterly audits to protect practices and minimize exposure in the event of a CMS/OIG audit 
• HIPAA Privacy and OIG Compliance Programs Development and Consulting
• Merit-Based Incentive Programs (CMS MIPS)
  • Understand and implement MIPS programs into practices to avoid Medicare payment penalties 
• MIPS Audit Consulting
• Third-Party Payer Contract Analysis
• CMS/OIG and FL Medicare Voluntary Disclosures and Involuntary Audit Appeals

• Accounting KPI Benchmarking
• Audits, Reviews and Compilations
• Practice Valuations
  • For associate buy-in or sale to outside party
• Outsourced CFO and Operational Leadership
• Healthcare Entity Start-Up

• Mergers and Acquisitions
  • Due diligence and tax planning

KB Healthcare Consultants offers comprehensive credentialing for all types of physician and hospital owned practices and outpatient surgery centers that are eligible for credentialing with Medicare, Medicaid or commercial insurance. Credentialing can be an administratively time-consuming task and crucial to the practice’s cash flow if not done properly.

• Florida Medicaid and Medicare Change of Ownership Applications (CHOW)
• Third-Party Payer Credentialing
• Revalidations (FL Medicaid and Medicare)
• National Provider Identifier (NPI) Enrollment

• AHCA New Applications
• AHCA Proof of Financial Ability to Operate
  • CPA-prepared financial projections for:
    • Adult Day Care Centers
    • Ambulatory Surgery Centers
    • Assisted Living Facilities
    • Clinical Laboratories
    • Health Care Clinics
    • Home Health Agencies
    • Home Medical Equipment Providers
    • Homemaker and Companion Services Providers
    • Hospice
    • Nurse Registries
    • Nursing Homes

Strengthen a practice’s financial or liquidity position with good receivables management that prevents overdue payment or non-payment. KB Healthcare Consultants provides assistance to monitor and manage accounts receivables.

• AR Review, KPI Benchmarking
• AR Monthly Reconciliation Set-Up (Bank to Billing Reconciliation)
• Revenue Cycle Management

Smaller practices may not have dedicated personnel to handle important HR functions. KB Healthcare Consultants offers a team of professionals to assist with important human resources needs.

• Compensation Modeling

• Employee Policy & Procedure Manuals

• Payroll

• Job Descriptions

• Recruiting

• Terminations

We understand that your practice can experience growth or reductions over time as the industry changes. Through outsourcing your healthcare accounting and bookkeeping functions, you gain the ability to quickly pivot to support changing operational needs. This reduces stress on your internal team and provides greater confidence that your practice finances are being properly managed.

With the burden of managing the accounting, financial and bookkeeping functions relieved, you and your team can focus on increasing the business and managing your operations. Contact KB Healthcare to discuss the benefits of outsourcing the accounting function.

MGMA

Florida MGMA

AAPC (American Academy of Professional Coders)

NSCHBC (National Society of Certified Healthcare Business Consultants)

FICPA

Certified Financial Planner

Quickbooks