The skill to guide your financial health
Healthcare finance is complicated.
Your organization needs financial leadership that understands the methodologies, payment models and regulations you face daily. And they need to be able to provide you with financial analysis and strategies that can help your organization stay viable and growing.
Why Wipfli?
Wipfli’s outsourced CFO, controller and accounting services bring that knowledge and experience to your leadership team — without the full-time cost. We look at billing, cost reports, federal grants and more, helping you find greater reimbursement opportunities and clearing up existing logjams to your cash flow. We also look at your compliance with regulations and funding requirements to spot and solve issues, as well as put the structures in place to prevent them from happening again.
With our outsourced CFO solutions, you can be confident in your organization’s ability to manage finances effectively and make strategic business decisions.
How we help you
Wipfli’s fractional CFO services provide your organization with the insights and knowledge you need to better manage cash flow and financial health. Your outsourced CFO oversees your financial processes, provides financial data analysis, reviews your budget and financial statements, oversees your accounting personnel and implements effective accounting procedures and policies.
Wipfli can help your organization with controller functions, including:
- Managing accounts receivable and accounts payable.
- Supervising payroll submission and processing and administering 401(k) payments.
- Identifying trends in revenue and expenses.
- Monitoring documentation compliance.
- Identifying opportunities for automation and integration.
Wipfli can help your organization manage key accounting functions, including:
- Reconciling vendor statements and entering vendor invoices.
- Tracking unbilled revenue.
- Managing financial documents in the cloud.
- Tracking and adjustment for significant balance sheet accounts.
Get comprehensive support for your revenue cycle with Wipfli. Our experienced team can provide support tailored to a wide range of healthcare entities, including rural healthcare providers, FQHCs, hospitals and health systems, home health and hospice providers and senior living providers. We’re ready to help you understand your cash flow and improve your processes so that you can achieve greater financial stability.
Our services include:
- Coding audits
- Outpatient coding
- Revenue cycle process assessment
- Compliance support
- Strategic pricing reviews
- Third-party payer contracting support
- Denials management
Wipfli’s reimbursement team applies extensive knowledge of Medicare and Medicaid reimbursement rules and experience in supporting a variety of healthcare entities to help you achieve accurate cost reporting.
Our services include:
- Annual Medicare/Medicaid cost report preparation
- Coding and compliance
- Disproportionate share reimbursement
- Licensing and Medicare/Medicaid certification/enrollment
- Medicare/Medicaid appeals
- Medicare/Medi-Cal preparation, review, appeals and rate-setting
- OSHPD cost report preparation, review, appeals and rate setting
- On-site reimbursement staffing
- Payment projections for regulatory changes
- Payer contract audits and compliance
- Provider-based applications
- Rural health clinic/FQHC rate-setting and change-in-scope rate change reports
Our team
Chad J. Hable, CPA
Chad Hable is a manager in Wipfli’ s healthcare practice, specializing in the senior living industry. He focuses on providing permanent and interim outsourced accounting support to help clients manage their business offices efficiently and effectively.
Monty Martin, CPA
Monty Martin is a senior manager with 12 years of experience in the health care industry for both nonprofit and for-profit healthcare organizations. He has held positions ranging from controller to chief financial officer (CFO) for small and mid-sized healthcare organizations. In his most recent experience, he has held the role of interim/contracted CFO for several federally qualified health centers in multiple states. He brings experience that ensures the organization runs in the most cost-effective manner with an emphasis on managing financial stability. His experience also entails budgeting, revenue cycle, grant and non-profit accounting.
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