Cash Flow & Accounts Receivable

Millennium Healthcare Consulting, Inc.’s team of professionals possesses the expertise to perform an objective assessment of the “financial and operational pulse” of your medical practice or hospital-based central business office. We focus on the BIG PICTURE aimed at the greater bottom line results!

We also work with healthcare CPAs in accurately assessing the cash flow “pulse” of their clients’ practices and overall financial health by providing our coding expertise to assess their client’s claim denials and accounts receivable write-off practices.

Our objective and independent assessments review key critical points of the charge capture process by identifying potential revenue enhancement areas and potential compliance risks.

Some of the areas of review include:

  • Targeted Coding Reviews to ensure coding is consistent with the level of care rendered with the goal of optimal reimbursement and payment for ALL services rendered.  Any compliance risks, if present, will be identified and addressed
  • Billing/Collection Procedures reviews, including Claims Denials/Appeals Process and Accounts Receivable Analysis by Major Third-Party Payors
  • Assess Aged Receivable (A/R) Write-off policies and practices to ensure optimum A/R follow up and appropriate A/R write-off protocols
  • Review internal controls of the charge capture process to ensure accountability of all clinical services rendered

Contact us today at (215) 362-5355, or Contact Us to learn more about how Millennium Healthcare can assist your organization.