Accounting & CFO Services for HealthCare | Tandem CPA

Community Health Centers (CHCs) play a critical role in providing accessible healthcare to underserved populations. Tandem CPA can enhance the financial health and operational efficiency of CHCs through: 

• Financial Reporting and Analysis: We provide comprehensive financial reporting and analysis to help CHCs understand their financial status and make informed decisions. 
• Grant Management and Compliance: Our expertise in grant management ensures that CHCs can maximize their funding opportunities and maintain compliance with grant requirements.
• Budget Planning: We assist in creating realistic and strategic budgets to allocate resources effectively and plan for future growth.
• Audit Preparation: Our audit preparation services help CHCs stay compliant with regulatory requirements and improve financial transparency.

Home Health, Hospice, and Community-Based Care providers face unique accounting and compliance challenges. Tandem CPA can support these organizations by:

• Revenue Cycle Management: We help optimize billing and collections processes to improve cash flow and financial stability.
• Cost Reporting: Our services include detailed cost reporting to ensure accurate reimbursement rates and financial planning.
• Regulatory Compliance: We assist in navigating the complex regulatory environment to ensure compliance with Medicare, Medicaid, and other payer requirements.
• Strategic Financial Planning: We provide strategic financial planning to help organizations adapt to changing healthcare landscapes and achieve long-term sustainability.

ALFs and ICFs can derive numerous benefits from partnering with a strategic outsourced accounting partner. These benefits encompass financial, operational, and strategic advantages that contribute to the overall success and sustainability of the facility. 

• Resident-Centered Focus: Ensuring that financial resources are allocated in a way that prioritizes the quality of care and services provided to residents.
• Risk Management: Recognizing and mitigating financial risks to protect the facility's assets and reputation.
• Cash Flow Management: Proper management of cash flow to ensure the facility can meet its financial obligations, such as payroll, supplies, and operational costs.
• Cost Control and Reduction: Identifying areas where costs can be reduced without compromising the quality of care.

We deliver detailed financial reports and analyses to help medical groups understand their financial health and make informed decisions.

• Practice Management Consulting: We provide insights and strategies to improve practice management, including patient scheduling, billing, and collections.
• Revenue Optimization: Our revenue optimization services focus on improving billing practices and reducing revenue cycle inefficiencies.
• Tax Planning and Preparation: Tandem CPA tax services aid your practice in minimizing tax liabilities while complying with all tax regulations.
• Retirement Planning: We assist practitioners with planning for their financial future, including retirement savings and investment strategies.