Financial Management in healthcare organizations


PCG Health™ consultants are experts at helping distressed or mismanaged financial operations to return to a level of fiscal vitality. We understand that each client requires a tailored approach that fits the needs of the healthcare organization and that is grounded in core financial management principals. These principals provide a path to improved outcomes and processes for our clients. For example, PCG has collected more than $37 million for the North Carolina Department of Health and Human services, including more than $10 million in FY 2006-2007.

 

Case Study: Public Facility Revenue Management

 

Financial Analysis for healthcare organizations

Budgeting and Financial Projections

The regulatory environment is often cumbersome and complex, requiring a unique set of skills to navigate effectively. PCG Health assists clients to prepare annual budgets that comply with all regulatory requirements and regulations. We also help governmental agencies and healthcare organizations prepare financial projections.

Cashflow Analysis

PCG offers complex cashflow analysis, among others, we help evaluate financial risk related to bad debts, advise on the management of due and unmatured liabilities related to public- and civil-law transactions, and support negotiations within the process of financial restructuring.

Cost Analysis

We perform full cost analysis to determine the true costs for healthcare providers. This includes measuring the fixed and variable costs related to healthcare provider operations and allocating these costs in a manner that benefits all funding sources. Our methodology enables calculation of the margins on medical procedures leading to the development of optimal strategy for healthcare providers. We provide solutions for cost monitoring, define key cost performance indicators, and implement solutions leading to revenue enhancement.

Investment Analysis

PCG provides investment advisory services offering profitability analysis of the investments in fixed assets. We help evaluate return on investment in new healthcare technologies. Moreover, we offer support in EU funds acquisition for the purpose of new investments financing.

Claiming and Recovery Services

We support healthcare providers in claiming and cost recovery processes. We help optimize reimbursement processes through identification of inefficient billing practices and operating cycle analysis. We also provide timeline assessment of the payments for specialist services and optimize business processes for cost reimbursement management.

Utilization Management

Our experts have experience in the analysis of hospital bed utilization. Based on the outcomes of analysis, we provide recommendations leading to increase in utilization or to reduction in cost per bed.