Financial Strategy & Support
Effective Financial Strategists
SMSC has a multifaceted team that offers a range of healthcare financial services that includes executive-level strategy, comprehensive analyses, day-to-day operations, and bookkeeping support – and everything in between.
SMSC provides organizations with a full spectrum of financial services ranging from transactional to strategic-level initiatives. Benefits of our approach include:
- Ensuring the overall financial health of your organization by utilizing data-driven strategies.
- Capitalizing on opportunities to enhance revenue streams and/or reduce expenses.
- Enhancing financial performance through reduced claim denials and improved processes.
- Identifying opportunities for improved capital structuring.
- Streamlining administrative processes and improving efficiency in day-to-day financial activities.
- Improving financial modeling and forecasting capability.
Key Services
Provide comprehensive financial strategy consulting on an interim or ongoing basis, including, but not limited to, projections and benchmarking, feasibility studies, forecasting, capital structuring assessments, and other analyses.
Conduct a wide range of financial reporting and analyses to identify trends and ensure that revenue and expense targets are met.
Develop and administer a wide range of physician compensation methodologies.
Provide retirement plan administration and advisory services.
Deliver customized coding, auditing, and education services that optimize payments and reduce claim denials.
Provide a full suite of bookkeeping services including A/P and A/R processing, monthly reporting, expense tracking, and tax preparation.
Perform cost accounting analyses to provide insight into service line performance and identify opportunities for expense savings.
Create easy-to-use provider reports to track licensing and other requirements.
