For Accountants

As healthcare business owners we spent 20 years balancing the need to create and maintain a culture of compliance, with the challenge of providing the most appropriate level of service at the lowest responsible cost, while quickly and accurately turning our medical transactions into cash. 
The Genco healthcare consulting team brings an entrepreneur's perspective to your firm and your clients. We have seen first hand what happens to a provider who has lost control of their business and is in jeopardy of running afoul of the regulations or closing up shop.

Regulatory compliance, clear lines of reporting and accountability, ongoing staff development and training, and the ability to react to changes in the marketplace helped us reach our goals.  

 

Today, Genco Healthcare leverages these lessons, working with accounting and other professional services firms to enhance the value they bring to their clients.

Medical Billing & Collections
  • How well does the provider turn transactions into cash?

  • Do the clinicians and billers speak the same language?

  • Do they aggressively pursue denials and appeals? How successful are they?

  • Payer Contracts: Are there ways to maximize revenue?

  • How are your clients addressing the financial impact of ICD 10?

Our healthcare consulting team offers the following services to your firm and your clients.  Click to learn more:
Compliance and Audit Risk Management
  • Build and maintain a culture of compliance

  • Monitor, inform and react to changes in regulations

  • Ensure that required manuals, logs, licenses etc are in place and up to date

  • Review medical records: Do they adequately support procedure codes and levels being billed

  • Identify issues and red flags prior to an audit

  • HIPAA, OSHA, OMIG, ACA, Stark Laws, Federal False Claims Act, State Department of Health, etc...What will they find when they come looking?

  • Clearly communicate risks and exposures to take backs, fines, penalties and disruptions to cash flow to stakeholders, senior management and board members

Business Process Improvement

Front Desk Staff

  • Their role in the success of a practice has never been more important

  • Confirm coverage

  • Collect co-pays, co-insurance and deductibles

  • Scheduling and rescheduling cancelled or missed appointments

 

Management Controls

  • Key performance indicators

  • Identify, compile, review and take appropriate action

  • Monthly AR snapshot reviews

 

Patient Satisfaction

  • Key component to generating internal growth

  • Impact on reputation in the community

  • Presence in Social Media

 

Revenue Enhancement

  • Identify and implement complimentary product/service lines

  • Pursue strategic alliances, merger and acquisition opportunities

  • IPA’s, ACO’s and other networking alternatives

We specialize in the following medical practice areas: 

 

  • Multispecialty Physician Practices and Medical Groups

  • NYS Article 28 Outpatient Facilities

  • Physician, Facility and Therapist owned Outpatient Rehabilitation Centers

  • (Physical, Occupational and Speech (SLP) Therapy)

  • Durable Medical Equipment, Orthotics and Prosthetics suppliers

  • EMS, Ambulance, and Medical Transportation Providers

We would love to talk to you about how we can add value to your firm and your clients.  Please contact us using the form below, or give us a call at (914) 713-3606.  We are looking forward to speaking with you.

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