Assume that you are an owner of 10 skilled nursing facilities. How many CFO- Business Manager positions would you have? Answer: One. And, you would enjoy a significant economy of scale.
Is there any way that your free-standing facility can enjoy a similar economy of scale and reduce its operating costs?
Answer: Yes! MPA's Shared Financial Reporting creates 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:
- Highly-informed accounting procedures
- Analysis and assistance from an experienced health care CPA
- 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
MPA's Shared Financial Reporting 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 Shared Financial Reporting as an expert 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 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.
[MPA's Shared Financial Reporting 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.]
For more information on MPA's Shared Financial Reporting, please contact Gary M. Winschel at (314) 434-4227 extension 11, or email@example.com