Maxwell Healthcare Consulting specializes in a assisting a diverse group of small and medium-sized healthcare facilities. Whether the needs involve Medicare cost reports, compliance and policy reviews, or accounting support services, MHC is a cost-effective solution for providers with limited resources or access to personnel with the necessary skills.
Below is a list of comprehensive services Maxwell Healthcare Consulting offers:
MHC has extensive experience related to virtually all accounting activity including business office revenue cycle, monthly closing, and valuation of receivables and allowances. This financial background ties in well with services related to cost reporting and reimbursement.
Square Footage Assessments
This assessment provides an up-to-date analysis of total square footage by department, including floor plan details which can be easily updated to reflect future changes. Square footage assessments have a tremendous impact particularly with Critical Access Hospitals (CAH). A significant percentage of overhead is allocated using square footage. Accordingly, accurate measurements are crucial to avoid an overstatement or understatement of costs. Other facilities can benefit from a budgeting and cost accounting point of view as well.
Componentized Depreciation Studies
Newly-built facilities can benefit from a componentized depreciation study. This work involves detailed analysis of all of the individual components comprising the new facility. Cost-based reimbursement is greatly enhanced by the accelerated depreciation expense resulting from this service.
Cost Report Reopenings and Appeals
MHC is uniquely qualified to provide cost report services including reopening and modifications of previously settled cost reports. MHC has assisted facilities throughout the cost report settlement process including appeals with the PRRB.