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.