Long-Term Care
Feeley & Driscoll's staff has extensive financial, operational and regulatory experience with skilled nursing providers (SNP). We review all aspects of a facility's financial performance and clinical and billing operations including Prospective Payment Systems (PPS). Based on our analysis we will suggest various scenarios and make specific recommendations about management strategies and systems. Other ways that we can be of assistance include:
- Market analysis to determine the current and projected need for the services, incorporating both a site analysis and a competitive analysis.
- Operational analysis of the nursing facilities current operations including census, results of DPH surveys, life safety surveys, plans of corrections, waivers of life safety codes, management minute questionnaires, staffing patterns, wage rates, current financial data, receivables and billing procedures.
- Project the capital costs necessary to maintain your facility under the current and projected operating guidelines.
- Examine alternative sites, specialty units, advanced certifications, changes in services/licensed bed capacity and discontinued operations.
- Reimbursement maximization studies for providers covering the full continuum.
- The development of a corporate reorganization plan.
- Financial and strategic planning, including integration strategies for differing patient populations.
- Provider compliance reviews, including; prospective billing reviews, chargemaster and billing system reviews and CIA compliance program testing.
- Strategic planning, market study analyses and financial feasibility study.
- Financial feasibility study for new services/programs, suitability reviews, bond financing and acquisition opportunities.
- Preparation of Medicare and Medicaid cost reports and related filings with Federal and State agencies.
- Rate analysis -- including: rate strategy, appeals, and negotiations with third parties.
Find out how our healthcare accountants can add value to your business. Email us or call us at 1 (888) 875-9770.
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