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Critical Access Hospital
Home Health Organizations
Long Term Care
Physicians, Dentists and Medical Groups
Senior Living Facilities

 

 

Critical Access Hospital

While you focus on the health of your patients, we focus on your health.

We get it.
It's all about you.

chieving and maintaining Critical Access Hospital (CAH) status is a complex challenge in the financially competitive world of healthcare. From submitting a CAH application to running financial feasibility studies, our healthcare specialists assist every step of the way. A qualified CAH can potentially receive significant enhancements from the Medicare program, and possibly an increased Medicaid reimbursement, depending on the state of domicile. We help you qualify, and we get you there. Our advisors have the insight to enable you to reach peak operating performance as a CAH. We explain the regulations and implications of being designated as a CAH so that you can thrive in your community.

CAH Application

  • Preparation and Submission of CAH
    Designation Application
  • Assistance with Rural Health Network Agreement
  • Policy Development
  • Community Assessment Report
  • Compilation of Required Policies and Procedures

Operational Change Analyses

  • Cost Analysis of Operational Change
    to Meet CAH Requirements
  • Revenue Analysis of Operational Change
    to Meet CAH Requirements
  • Utilization Analysis of Operational Change
    to Meet CAH Requirements
  • Operational Change Modeling

Financial Feasibility Studies

  • Facility Cost Analysis
  • Lab and Therapy Fee Schedule Analysis
  • Swing Bed Reimbursement Analysis
  • Business Valuation
  • Merger and Acquisition Services
  • Management Assistance
  • Forecasted Financial Statements
  • Financing Assistance

Medicare/Medicaid Reimbursement

  • Cost Report Preparation
  • Reimbursement Review
  • Audit and Appeal Services
  • Interim Cost Reporting

Purk & Associates, P.C. 1034 S. Brentwood Blvd. Suite 2000 St. Louis, MO. 63117

Home Health Organizations2

Take care for your clients…while we take care of you.

We get it.
It's all about you.

2o remain profitable, home health providers must meet a unique set of needs. We understand your needs inside out, and will meet them in a timely and efficient manner. We provide expert services to tax-exempt and taxable home health providers that are both freestanding and provider based. You perform the most personal and difficult of tasks - caring for your vulnerable clients. While you're worrying about them, we'll cover you.

Let our team of professionals assist you with the following services:

Tax Planning

  • Tax Liability Reduction
  • Cash Flow Analysis
  • Balance Sheet Review
  • Unique Tax Needs of Tax-Exempt Entities

Feasibility and Productivity Studies

  • Plan Reviews and Risk Assessment
  • Market Assessment
  • Forecasted Financial Statements
  • Business Valuation
  • Organization Structure Evaluation
  • Revenue Cycle Analyses
  • Merger and Acquisition Consulting

Reimbursement

  • Medicare/Medicaid Reimbursement Review
  • Certificate of Need Analysis
  • Licensure and Accreditation Regulatory Consulting
  • Cost Report Preparation

Audit and Compliance

  • Financial Statement Audit
  • Employee Benefit Plan Audits
  • Home Health Billing Compliance Assessment
  • Business Office Procedure Compliance Review
  • Corporate Compliance Plan Development/Review

Purk & Associates, P.C. 1034 S. Brentwood Blvd. Suite 2000 St. Louis, MO. 63117

Long Term Care

Long-term care with long-term profitability.

We get it.
It's all about you.

he only constant in healthcare is change. From new regulations to shifting compliance standards to declining reimbursement rates, long-term care facilities face new challenges daily. You have real concerns; we have real answers. We realize every organization is different and we never take a cookie-cutter approach. We bring together the right team for each engagement, giving you open access to top-notch experts. Let us position your facility for the future while helping you meet the immediate challenges of today's marketplace.

Healthcare Accounting

  • Accounts Receivable
  • Accounts Payable, Payroll
    and General Ledger
  • Clinical Application
  • Medicare and Medicaid Billing

Clinical Operations

  • Clinical Performance Evaluation
  • Patient Survey Analysis and
    Recommendations
  • Revenue Cycle Analysis
  • MDS Coding related to Medicaid
    and Medicare Claims
  • In-services Training for Inter-
    disciplinary Teams

Tax Planning

  • Accounting Method
  • Tax Liability Reduction
  • Cash Flow Improvement
  • Balance Sheet Strategies
  • Unique Non-Profit Tax Expertise
  • Qualified Plan Maximization
    for Key Persons
  • Depreciation Maximization

Facility Expansion

  • Merger and Acquisition Consulting
  • Reorganization Analysis
    and Planning
  • Business Plan Development
  • Business Valuation Services
  • Forecasted Financial Statements
  • Risk Assessment Reimbursement
  • State and Federal Agency Knowledge
  • Medicare and Medicaid Cost

Reports

  • Benchmarking
  • Strategic Management Reports

Audit and Compliance Services

  • Regulatory Consulting
  • Financial Statement Audits
  • Employee Benefit Plan Audits
  • Home Health Billing Compliance
    Assessment
  • Business Office Procedure
    Compliance Review
  • Corporate Compliance Plan
    Development/Review

Purk & Associates, P.C. 1034 S. Brentwood Blvd. Suite 2000 St. Louis, MO. 63117

Physicians, Dentists and Medical Groups

Medicine is both a business and an art.

We get it.
It's all about you.

hysicians, dentists and medical groups face unique, 21st century challenges. As healthcare experts, we partner with you to address declining reimbursements, increasing overhead costs, regulatory issues and more. Patients look for doctors with experience. You should do the same when seeking financial and business services. Our team will provide you with a thorough financial checkup and the follow-up care needed to safeguard your organization's economic health. After meeting the needs of your patients, what could be more important?

Let our team of professionals assist you with the following services:

Practice Analysis
and Benchmarking

  • Accounts Receivable
    Analysis
  • Income and Expense
    Analysis and Benchmarking
  • Physician Compensation
    and Profitability Analysis
  • Practice Management
    System Support
  • Budget Forecast
  • Income Projections
  • Fee Schedule and
    Reimbursement Analysis
  • Contract Development
    and Buy-Sell Agreements

Tax Planning

  • Lease vs. Buy
    Considerations
  • Personal and Business
    Tax Strategies
  • Property Acquisition
    and Practice Expansion
  • Compensation Analysis

Core Accounting Services

  • Payroll Tax Returns
  • Property Tax Returns
  • Financial Statement
    Compilation
  • General Ledger Processing
  • W-2 and 1099 Preparation
  • Accounts Receivable
    and Payable Analysis

Practice Operation Improvement

  • Billing and Collections
    Process Analysis
  • Patient Workflow Analysis
  • Space Planning and
    Development
  • Job Process and Staffing
    Analysis

Regulatory Compliance

Our healthcare services team is experienced in understanding federal and state regulatory requirements and helping you meet government requirements:

  • Coding, Billing, and
    Documentation Audits
  • Compliance Procedures
    and Program Development
  • Physician Practice
    Compliance Education
  • HIPAA Compliance
    Planning

Purk & Associates, P.C. 1034 S. Brentwood Blvd. Suite 2000 St. Louis, MO. 63117

Senior Living Facilities

Medicine is both a business and an art.

We get it.
It's all about you.

he increase of Senior Living Facilities in the last decade has forced skilled care providers to become Real Estate Developers and Managers. The financial affairs and efficiencies of these entities have become the leading needs for expertise. Purk & Associates client base of continuing care retirement communities, assisted living facilities, residential care facilities, and independent living communities has given rise to the elite industry knowledge we provide.

Let our team of professionals assist you with the following services:

Healthcare Accounting

  • Accounts Receivable Recovery
  • Medicare/Medicaid Billing
  • Business Office Analysis, Training and Research
  • Financial Statement Compilation
  • Bookkeeping
  • Payroll, General Ledger, Accounts Receivable

Medicare/Medicaid Reimbursement

  • Cost Report Preparation
  • Benchmarking Analysis
  • Interim Analysis
  • Profitability Review
  • Long Range Planning
  • Financial Projections

Feasibility Studies

  • Forecasts and Projections
  • Demographic Analysis and Saturation Ratios
  • Financial Reviews
  • Funding and Finance Evaluation

Strategic Planning

  • Facilitation of Strategic Vision
  • Identification of Strengths and Opportunities
  • Marketing Positioning
  • Branding Assistance
  • Organizational Structure Analysis

Audit and Compliance Services

  • Regulatory Consulting
  • Financial Statement Audits
  • Employee Benefit Plan Audits
  • Collection Review

 

 

Purk & Associates, P.C. 1034 S. Brentwood Blvd. Suite 2000 St. Louis, MO. 63117