Lighting the Way
Business owners understand the importance of a strong balance sheet and sufficient cash flow; the financial health of the enterprise affects all aspects of your operations, and in the case of a hospital, the area most affected is patient care. Similar to the body’s circulatory system, cash flowing through the business allows for delivery of nutrients as well as removal of unneeded materials.
With a more efficient circulation of cash, expenses are reduced and productivity is increased. What is the main benefit of reduced expenses and efficient use of resources? The bottom line is improved.
New Way & Associates’s Financial Management Services are geared toward the efficient use of cash as well as increasing the velocity of cash flow.
Financial Diagnosis and Treatment Services (FDTS)
Charge Capture
Managed Care Evaluation
Operation and Capital Budget
Productivity Assessment
Revenue Cycle Assessment
Revenue Integrity (Coding Audits)
Strategic Planning
Supply Chain Evaluation
Revenue Cycle Diagnosis (RCD)
Revenue Cycle Assessment
Internal Audit
Supply Chain Assessment
Internal Evaluation (IE)
Business Operations
Treasury/Cash Management
Physician Relationships
Medical Records/Coding
Ethics/Compliance
Purchasing/Receiving
Accounting/Reporting
Human Resources
A/P Processing
Supply Chain Evaluations (SCE)
Evaluate Inventory Management Procedures
Proper Controls Relative to Purchasing Activities/Practices
Implement Supply Chain Treatments with Materials Management Systems (MMS)
