Listing of improvement opportunity work that WDC & Associates has performed with Health Care Executives are as follows:
- Financial and Operational Assessments - Review of all key revenue cycle processes. The final report list various cash flow improvement opportunities. Our experience allows us to quantify the improvement opportunities and recommend operational changes for each key function.
- Financial and Operational Benchmarks - Typically performed in conjunction with the Financial and Operational Assessment. The final report compares your health system to key hospital financial and operational benchmarks.
- Review of the Billing Process - This review includes a narrative of the current Billing process. We start with all front-end procedures, charge capture, etc. through the issuance of a claim. We have professionals that have assisted in the Billing area for hospitals as part of our team.
- Review of the Collection Process - This review includes a narrative of your current Accounts Receivable process. We review how your current A/R and old A/R are being managed by calculating your effective collection percentage. We have specialists that have worked in the Collection area for hospitals as part of our team.
- Business Valuations - Our health care specialists will assist management in establishing a value for a particular line of business.
- Process Improvement - Our specialists will analyze current key processes and recommend changes to improve throughput, reduce costs and improve compliance by your staff.
- Coding and Documentation Review - Our team has the expertise to review the appropriateness of the coding and documentation for medical services provided.
- Self-Insured Plan Reviews - Our health care insurance specialist will conduct a review of how your TPO is following your Summary Plan Document. This review satisfies fiduciary responsibilities and may result in refunds from improperly processed claims by the TPO.
- Financial Services - Our financial services specialists offer cash management, endowment management, executive wealth management, health/life/dental benefits, retirement/pension benefits, and key employee/physician planning.
- Interim Management - Our specialists provide temporary staffing assistance for various financial, operational and administrative functions. WDC & Associates role is to assist management with meeting the daily needs of the organization.