Accounting/Financial Reporting
• Accounting and financial reporting for the practice.
• Accounts payable services.
• Manage all practice vendor financial relationships.
• Review and verify status of all practice expense invoices.
• Process payment of all office expenses.
• Support and coordinate practice research and expense reporting.• Cash collection management. Provide daily cash accounting and deposit tracking.
• Credit card equipment and collection.
• Manage enrollment in credit card and electronic check acceptance programs.
• Track and report utilization.
• Financial reporting. Prepare:
• Monthly financial reports - Capitation and fee for service. Report monthly patient visit volumes as well as monthly capitation performance.
• Production calculation – Monthly summarized net revenue calculation.
• Income statement – Monthly detailed P&L.
• Trial balance – Monthly detailed expense reporting.
• Accrued revenue and cash collections - Billing and collection financial analysis.
• Commercial ancillary services – Monthly summary of commercial ancillary revenue and expense report, if the provider participates in such program.
• Additional services.
• Coordinate and maintain bank relationships and lock box operation oversight.
• Coordinate the collection of stipends and income guarantees.
• Maintain income guarantee records and income guarantee audits.
• Coordinate and support personal property tax appraisals.