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Healthcare Audits
Operational Efficiency Audits
We seek to add value to your organization by maximizing your revenue
potential and minimizing certain operational risks through the performance
of our Operational Efficiency Audits.
We have developed audit procedures tailored to the Healthcare Industry
that will enable us to evaluate the effectiveness and efficiency of the
critical areas of your operations. Below are the four major objectives of
our audit and the major areas of concentration:
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Fraud Considerations
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Patient billing schemes
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Improper posting of
billing adjustments and accounts receivable
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Falsification of checks
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Misappropriation of
assets such as equipment, supplies and drugs
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Payroll theft by
falsification of documents and fictitious employees
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Fictitious vendors
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Theft by personnel
responsible for handling cash
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Theft of checks through
mail and daily deposits
Revenue Enhancement
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Patient billing
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Accounts receivable
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Credit and collection
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Patient refunds
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Cost Reduction
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Accounts payable
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Purchasing function
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Payroll
Front Office Efficiencies
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Front desk procedures
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Office cash handling
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Financial counselor |
The Operational Efficiency Audits can be tailored to
fit the needs of your organization in the following ways:
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• Annual engagement covering
the operational areas identified above.
• Quarterly engagements covering one operational area at a time.
• Annual engagements alternating coverage of operational areas. |
The advantage of this type of audit engagement is it
allows your organization the flexibility of choosing the specific audit
procedures related to the operational areas that you feel require the most
attention.
For more information, contact
Walter.
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