When it comes to financial services, ambulatory surgery centers (ASCs) need to ensure the trust they put in their financial services company is based on financial reports that are timely, thorough, and accurate. To assist with that effort, a new guide from MedHQ titled, Leveraging Healthcare-Savvy Accounting to Improve Decision-Making & Save Money, outlines how MedHQ is uniquely able to support ASCs.
Launched in 2003, MedHQ assists ASCs with improving revenue, lowering costs, and taking time-consuming tasks off the plates of administrators, allowing them to focus on the high-value priorities of running and managing surgery centers. The company added finance and accounting business services to its core human resources offering just a year later, recognizing the need for specialized financial expertise in the ASC market.
“We understand the healthcare revenue cycle and apply that knowledge to offer financials that become critical decision-making tools for ASC managers and administrators,” says Tom Jacobs, CEO at MedHQ. “Our Client Accounting Services team has decades of experience in healthcare, which makes it possible for us to tailor services to each client’s specific needs, and to act as trusted advisors. The bottom line – our clients have confidence in us because we help them maximize business performance.”
MedHQ’s Chief Financial Officer, David Becker, works with ASCs nationwide to provide the business insight they need, so organizations can keep their focus on their patients. He mentions, “Our deep knowledge of the finance side of healthcare helps us earn trust with ASC administrators. In addition to providing standard financial reports, we draw their attention to things they need to know, and to help them stay on top of key metrics they might not otherwise track. We help reduce their risk, and save them money several ways: avoiding expensive errors, discovering cost-saving opportunities, and improving efficiency.”
Becker and the accounting team at MedHQ not only use their expertise, but technology-enabled solutions as well. Through their cloud-based partner, Sage Intacct, MedHQ provides clients with this accounting system which gives MedHQ accountants visibility into all clients in one place, 24 hours a day, seven days a week, maximizing their efficiency.
ASC leadership interested in more tips and recommendations for leveraging accurate, insightful financial reporting and counsel can download the full white paper here.