SERVICES PROVIDED

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PMC will assist client organization to develop/implement/analyze/monitor the strategic plan via multi year zero based master budgets (creating accountability at all levels of financial, operational, and compliance processes) in consultation with board of directors/senior management for proper allocation of resources to support and meet the organizations goals and objectives respectively. 

The approach adopted by PMC in financial planning will

be acceptable by all employees since all will be involved in decision making process.

Establish goals and objectives for the organization as a whole as well as individual departments and employees.

Efficient allocate resources by each responsibility unit.

Create tool for monitoring the financial and operational performance against the plan - controlling costs

Establish physician and staff accountability against desired performance

Achieve optimal efficiency and effectiveness in operations enhancing profitability and cash flow.

PMC will assist the client organization to develop and implement automation opportunities within the Patient Revenue Cycle Systems team (inpatient and outpatient clinical operations) to produce clean claims, maximizing resources and optimizing work flow efficiencies. PMC will collaborate with various revenue cycle team leaders in developing systemic recommendations as well as implementing recommendations/processes to support organizations  revenue cycle goals and initiatives. 

PMC will assist the client organization to Identify, create, and implement best performance metrics for  each area that have a direct correlation to the goal of enhancing medical revenue cycle reducing the billing lag days, capture  all charges, reduce claim denials, and increase the gross collection percentage increasing the cash flow for the organization. 

PMC will assist the client organization to look for growth strategies within and outside the organization by evaluating the effectiveness and efficiency in operations in capacity utilization. PMC will then create detailed business plans for each line of business including the accounting of resources needed for growth strategies. 

PMC will assist the prospective and existing  entrepreneurs to prepare their Project Feasibility Reports, which evaluates the viability, financial implications and cost optimization of their projects. The consultancy proposes and evolves strategy, which meets the entrepreneur’s distinct needs. The perspectives focused and emphasized and the techniques adopted while drafting the project feasibility reports are as follows:

1. Capacity and Technological Choice and successful strategy in a competitive environment.
2. Planning and Control, Location and capacity decisions.
3. Program and Process development.
4. Technology acquisition
5. Market place behavior and demand analysis.
6. Human resources management; Man Power requirement; Wages and Salaries 
7. Assessment of Working Capital requirements
8. Depreciation Computation
9. Estimated Cost of Production and Profitability.
10. Projected Cash Flow statement
11. Projected Balance Sheet
12. Debt Equity ratio and Means of Finance
13. Break Even Analysis.
14. Payback period.
15. Interest Calculation and re-payment of loan
16. Debt Service Coverage Ratio
17. Internal rate of return and Profitability ratios.

PMC will assist client organization to eliminate redundant processes as well as standardize processes incorporating preventive, detective, and corrective controls contributing towards improving employee performance/satisfaction as well as improved cash flow of the organization 

PMC will provide training sessions to client organizations clinical and non clinical staff for call center management, awareness, education, and compliance with business processes.