In today’s environment, you face an array of challenges. Patient satisfaction. Shifting regulations. Burnout. Dealing with payers. Employee turnover. How you manage them dramatically impacts your practice’s growth and success.
How do you succeed in spite of these challenges? To start, you need a business plan that anticipates opportunities for growth and a sound financial strategy that supports that plan.
The HORNE Healthcare team understands the sweeping changes disrupting healthcare and impacting your practice. We offer proactive guidance and strategies to enhance efficiency, improve patient experience, increase market share — and ultimately position you for greater success.
Practice Management Consulting
Are you able to anticipate problems in a practice before they occur and turn them into opportunities and competitive advantage? We can help — by using the power of predictable hard trends to identify what will happen, and guide you to shape your future rather than have it shaped for you.
We offer strategic guidance on a wide range of topics, including financial and industry regulations, overhead management, mergers and acquisitions, capital purchases, bank negotiations, staffing, compensation, and bonus planning.
Managed Accounting Services
Balancing patient care, business strategy and financial management is a constant challenge. Day-to-day financial tasks are time-consuming and distract in-house resources from other priorities.
HORNE offers scalable, managed accounting services that can be tailored to your needs. And with real-time visibility to on-demand reporting dashboards, you can keep an eye on important metrics while focusing on other areas to help the practice grow.
Our Managed Accounting Services include:
- Financial Statement Preparation
- Accounts Payable & Payroll Management
- Proactive Financial Planning
- Integration Strategies
- Fair & Equitable Compensation Formulas
- Financial Modeling and Cash Flow Analysis
- Compliance and Risk Management
Outsourced CFO & Controller Services
Many practices and organizations don’t require a full-time CFO or controller. However, there are situations when you need access to CFO-level skills on an interim basis — such as periods of rapid growth, an acquisition or sale, key personnel turnover, or a new financial system implementation.
Our Outsourced CFO & Controller staff consists of executive-quality talent with deep experience in the healthcare industry. Direct collaboration with your team allows us to quickly work together on financial concerns, advise your staff and guide you through critical decisions.
Revenue Cycle Management
Successful practices recognize that financial success is a result of managing the most important aspects of their business. Revenue cycle management is the lifeblood of any practice, but most traditional patient billing solutions negatively impact profit margins.
As technology improves revenue cycle management, practices are choosing to outsource due to financial, staffing or technology constraints. We offer customized revenue cycle management options designed to improve your financial performance and allow you to focus on patient care and experience.
Tax Compliance and Consulting
Tax strategy impacts your practice and personal wealth. Our tax planning, preparation and filing, consulting, and compliance services — all grounded in a deep understanding of healthcare — provide tax advice designed to comply with the law and minimize your obligations. We proactively plan and communicate throughout the year so you have a complete and advance understanding of your tax obligations.
Physicians are highly compensated individuals. Yet they start their careers later in life, and most begin with a mountain of debt to repay the investment in their education. Add the expenses associated with everyday life, and we often see physicians delay or neglect building a solid financial future.
We guide physicians through the financial implications of life decisions — practice startup or exit, debt repayment, large purchase decisions, putting children through college, retirement needs and estate planning — with the goal of helping you live your dreams.
Human Resources Services
Failure to maintain a compliant workplace environment can expose you to lawsuits, fines and other risks. Simply keeping up to date on regulatory changes is a difficult task — particularly for practices that are understaffed or that operate in multiple states. We provide a flexible range of support, from self-serve tools you can access online or via mobile apps to live-chat and phone consultations from our dedicated team of HR professionals.