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Since 1991, we have provided copyrighted, statistical analysis services on annual budgets. These budgets are presented by management to the Board or Finance Committee for acceptance - not approval - in the form of a motion. Our service provides Board and Finance membership the needed due diligence required to make sage, business decisions. Without our service such decisions will be based upon un-audited budgets and yet-to-be-audited actual financials. Budgets are often fraught with calculation errors, unjustified 11th-hour revenue increases and expense cuts, and a lack of employing sophisticated, statistical methodologies. Our copyrighted analysis of your budget will provide you with the insight of management’s thinking. Why risk making financial decisions based upon a flawed budget? How many times have you seen the budgeted contingency fund diminish with each unfavorable budgetary variance and passing monthly deficit or loss?
Healthcare Budgetary Due Diligence Services: Membership on a Board or Finance Committee involves significant risk-taking – especially, if basing decisions on a flawed budget. To diminish this risk, we provide membership with a report on potentially over-budgeted revenues and under-budgeted expenses identified through a copyrighted battery of statistical analyzes of management’s budget. Management’s response to this independent report, and their corrective action plans, will bring flaws to light, alter your decisions, and mitigate your risk-taking. Strategic, operational, business, and personal risks - be ever vigilant. ©
Basic service:
Basic Report deliverable to Board or Finance Committee includes statistically-identified over-budgeted revenue and under-budgeted expense GLs for management response
Premium service:
Report deliverable to Board or Finance Committee with management’s response and action plans
Other services:
Monthly budgetary spreads
Statistical projection of acute care statistics
General consultation
Fees:
Basic service fee $5,000
Acute care facilities are charged based upon net patient revenues
General Consultation $250 per hour
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