Finance & Reimbursement Consulting
Keeping your financial house in order is a daunting task in today's EMS and air medical environment. Organizations are faced with limited resources and increasing expectations for service delivery. A key question often asked is: How do we maximize revenue recovery while complying with the myriad of rules and regulations and achieving high levels of customer satisfaction.
To answer this question, Fitch & Associates is often asked to complete a comprehensive financial performance review that addresses the people, processes and technology associated with financial services. The objectives of these assignments typically are threefold:
- improve reimbursement
- validate complex HIPAA and CMS compliance
- optimize billing costs
Organizations frequently come to us to perform claims reviews and billing service reviews as an independent assessment of processes. We also function as the Independent Review Organization (IRO) to review and report on claims and billing processes for organizations as a part of Corporate Integrity Agreements (CIA) with the Office of the Inspector General (OIG).
We often assist organizations in developing enhanced budget and reporting processes, analyzing EMS system costs and quantifying the costs of potential system changes. We also prepare pro formas to evaluate feasibility of projects and potential new business ventures and pricing of air and ground services.
Our staff is known for the accuracy of their financial projections, and we have a demonstrated track record of improving financial performance and optimizing revenue recovery. To learn how we can improve your fiscal future, call one of the firm’s partners today at 816-431-2600.