Cash and AR Reconciliation
At Draffin Tucker, our team has extensive experience in analyzing and improving reconciliation processes within the revenue cycle and accounting systems. We can identify and address any pain points or discrepancies, such as unidentified cash, misapplied payments, or over-postings. We also offer custom-designed templates, staff training, and recommendations to improve current processes and increase efficiency. Our goal is to provide the necessary tools and resources to improve internal processes and ensure your staff is trained to continue these improvements in the future. Trust us to thoroughly analyze your reconciliation process and provide solutions for a smoother, more efficient workflow.
At Draffin Tucker, we are committed to helping our clients succeed. Our team has a long history of expertise in various industries, including healthcare, and is ready to step in at any level to fill in until the right fit is found for the organization. When the right individual is in place, we can also provide training to ensure a smooth transition. In addition, we offer staffing solutions to provide an organization with a bridge or stopgap solution for critical deadlines, month-end close procedures, and key reporting or project requirements. Our goal is to provide a knowledgeable professional that will integrate with your staff, fulfill the position's duties, and help your team function without downtime or missed deadlines. Let us support your organization's success.
An operational review is a valuable tool for gaining a complete understanding of the processes and procedures of an organization. At Draffin Tucker, our team will conduct on-site interviews, observe daily operations, and test current procedures to provide a high-level assessment of your organization. With this comprehensive information, we will create an in-depth report with actionable recommendations for improving processes and highlighting areas of success. We can also assist with implementing these recommendations and provide interim or ongoing monitoring of the changes to help position your organization for a successful future. Let us provide the insights and support you need to optimize your operational processes.
We offer cost-effective solutions to help organizations reduce their backlog of projects and meet critical deadlines. Our professionals provide an objective perspective for evaluating processes, initiatives, and system conversions, and can assist with special projects as an extra set of hands. Our project management process is tailored to meet the specific needs of your organization. Trust us to provide the support you need to succeed and accomplish your goals.
A revenue analysis can help organizations evaluate their current processes, identify gaps, and ensure that revenue is posted accurately. At Draffin Tucker, our team has the expertise to understand how a patient billing system impacts the general ledger and how to analyze specific departments using relevant statistics. We will conduct detailed interviews and observations to thoroughly evaluate your organization's registration to payment revenue cycle process and recommend improvements. Based on the opportunities we identify, we can partner with you to implement changes and process improvements as needed. Our goal is to provide the necessary tools and resources to help you improve your internal processes and maximize revenue. Let us support your success.
We are experienced in helping organizations prepare budgets for the upcoming fiscal year, including anticipated capital outlays and specific areas of operation like department expansions. We are skilled in using various budgeting tools and techniques to plan, estimate, and evaluate future opportunities and actions. Our team is constantly monitoring reimbursement regulations to help clients make informed budgeting decisions. We can assist with the budgeting process, including the calculation of assumptions and metrics, development of supporting schedules, and preparation of presentations. We are also skilled in creating and using variance reports and dashboards to monitor budget to actual financial and operational results on an ongoing basis. Let us support your organization's budgeting efforts and ensure informed decision-making.
Our clinical provider survey is designed to give you a comprehensive understanding of your organization's strengths and areas for improvement. Through confidential interviews with clinical personnel, key leadership, and community and employed physicians, our experts will provide in-depth reports that can also assist with recruitment and market analysis. In today's healthcare landscape, it's important to proactively identify and address the needs of your clinical team. Our survey process can be customized to focus on specific areas, including new initiatives, EHR systems, workflow changes, provider needs, burnout, and more. Let us take the pulse of your organization and provide valuable insights to help you succeed.
Lease Standard Assistance
Our professionals provide tailored solutions to help transition to the new lease standard. As a result, we deliver comprehensive services while still meeting critical deadlines. Each engagement is custom-built for an organization's specific needs; below are examples of our services.
Engage with staff on current processes and reports to evaluate areas for data gathering.
- Attend governance and other project meetings to provide suggestions and recommendations
- Obtain the lease information already available (i.e., capital and operating leases)
- Discuss the current lease identification practices
- Review transactional details, contracts, agreements, et al. to identify potential leases
- Review all lease agreements potentially impacted by the new standard
- Collaborate with various work groups to address integration and consistency in processes
- Prepare summaries of contract terms or other agreement stipulations to assess lease types
- Develop a process for identifying leases moving forward
- Update policies and procedures and training materials for leases and related areas
- Educate various departments on identifying leases under the new definitions
Outsourced Internal Audit
At Draffin Tucker, we customize each internal audit to meet the specific needs of your organization. This includes considering risk management and prioritization, preparing work programs and other materials, and developing a detailed internal audit work plan. Throughout the engagement, we will maintain ongoing communication with key leadership and provide periodic progress reports. Upon completion, we will deliver a comprehensive internal audit report, including a summary of findings, and assist management in developing action plans to address any issues identified. Trust us to provide a thorough and customized internal audit that helps your organization improve and succeed.
Our team is ready to help your organization review and update its policies and procedures. By working with key leaders and utilizing our technical knowledge and experience, we will thoroughly evaluate your current processes and develop recommendations for improvement that incorporate best practices and industry innovations. Our goal is to provide the necessary tools and resources to help you improve and document your internal processes for the future. Let us partner with you to ensure your policies and procedures are effective and meet the needs of your organization.
Draffin Tucker's experts can help your organization successfully implement, transition, and train teams on new systems. We have extensive experience working with clients to plan and implement software systems, and can help identify and prevent potential issues that often arise during system conversions. We can also provide recommendations for best practices based on our prior experience and suggest process improvements. Our team is available to represent the accounting and finance departments in planning meetings, allowing your staff to focus on their current responsibilities. We can customize our level of involvement to meet the specific needs of your organization. Trust us to support a smooth and successful transition to new systems.