Business Office Management
MPA helps your business office do a better job, without breaking the bank.
MPA brings its resources and multi-disciplinary team to multiple clients—and shares best practices among these clients, improving business office performance for all.
Free-standing facilities have often wished they could enjoy the economies of scale familiar to larger nursing home chains – many of which share the cost of a CFO/Business Manager over several operating units.
MPA’s Business Office Management brings that economy of scale to free-standing facilities, by creating efficiency and superior reporting for less than the cost of a Business Manager.
We provide customized approaches with adaptability and support.
Our clients benefit from:
- Efficient and expert accounting procedures
- Revenue cycle and cash management improvements
- Short- and long-term financing planning
- Analysis and assistance from an experienced health care CFO
- Support during independent audits
- Streamlined month-end closing and timely monthly statements
- Customized charts of accounts
- Clarity of financial statements
- Organization-specific dashboard metrics
- Reduced operating costs
- Support of MPA’s team of health care experts
MPA’s Business Office Management has generated an average savings of 40 percent for our existing clients. In an era of reimbursement limits, that’s a significant economy for any operation.
Think of Business Office Management as an expert finance and accounting service. The facility keeps its existing information system and chart of accounts. Payroll, accounts payable, and billing functions continue to be done at the facility by existing personnel. Utilizing an on-line connection to the facility’s financial information system, MPA provides general ledger, financial and accounting expertise directly to facility personnel. This service includes documentation and support for accounting entries, first-hand assistance during any independent audit, and clear documentation. The flow of financial information is enhanced by working with the business office staff and helping them gain an understanding of accountability.
MPA can help
For more information, please contact:
Gary M. Winschel
Director of Fiscal Services, Management Performance Associates
(314) 434-4227 ext. 20
MPA’s Business Office Management represents an accounting service designed to provide monthly financial statements that are as accurate as possible; it is not an independent certification of financial results and cannot replace a certified audit.