Business
Cash is King
Cash is King
We know how to succeed in the struggle to maintain profitability in the face of ever increasing administrative burdens and clinical costs. Our management accounting services are tailored to deliver the business intelligence you need to run your ASC. We also provide recruiting services to help you hire the right candidate and avoid future mistakes. With all our years in the industry, we have seen numerous cash flowing ASCs with books that are a mess. Don’t wait until it’s too late to find out invoices were not booked correctly or that cash was not balanced daily.
PSS can provide accounting support to your ASC. We can review your books and records prior to adding a new doctor, before a merger or a sale or simply at year end.
PSS professional consultants can provide answers to cash flow concerns. Our team will audit and research the areas of your business that are causing concern. We focus our time and efforts on one thing: What is the cause of the cash strain? Our one-day financial audits uncover the source of the problem and the lay out solutions to resolve the cash crisis. We keep all information confidential and report only the facts of the situation. We educate our clients on how to resolve the situation. We can help facilitate change or leave the rest up to you.
Financial benchmarks are the single most important management tool you can have on the business side of an ASC. Benchmarks should be tracked quarterly at a minimum. Comparing the key performance indicators to the industry standards provides an objective viewpoint to measure your facility’s performance. PSS help our clients establish the KPIs using a simple user-friendly Excel worksheet. We teach you how to use the tool, how to gather the data and provide comparative benchmarks for ASCs similar to your size and location. Our goal is to educate your existing team on the tools of the trade. If they need us in the future we are only a phone call or email away.
Financial data for board presentations can be dry and complicated, as well as require far too long to prepare. PSS has a board meeting package that is clean and concise and keeps the interest of the board on the right data points. Many ASCs produce long financial packages that no one ever reads or understands. PSS uses a straightforward, simple approach to the financial package that everyone will understand. Let us customize your package for you today.
We are successful for one reason – we train you and your staff how to do the job and do it right. Our goal is never to camp out at a client for as long as we can bill you. Our goals are always to get in, find the problem, fix the problem and then train your staff so the problems won’t happen again. An ASC is only as good as the tools and training provided to the staff. When your staff is fully trained and armed with the right tools, the result is increased profitability. When profits go up, our clients are happy, if our clients are happy – we are happy. That’s why PSS has thrived on word mouth referrals for over 15 years.