Management Services

blum offers a wide range of management solutions to long-term care providers, from cost control studies to financial forecasting to reimbursement consultation. Our team is focused on helping you make meaningful management decisions with confidence.

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blum offers a wide range of management solutions to long-term care providers, from cost control studies to financial forecasting to reimbursement consultation. Our team is focused on helping you make meaningful management decisions with confidence.

Certificate of need assistance/Determination of need

When you’re planning to expand or make capital updates to your facility, the state’s regulatory requirements and related impact on your Medicaid reimbursement need to be considered. We will assist you with the application process and help you analyze the cost vs. benefits of capital expenditures. We can provide services for all stages of the approval process.

 

Cost control studies

Where are your major costs coming from? Are small expenses adding up to more than they should? We can use benchmarking, data mining and practical industry experience to help you analyze where your costs are coming from and how to control them.

Financial forecasting, budgeting consulting and assistance on financing issues

If you’re considering a facility or service expansion, you need to understand the financial impact on your business and determine how you will pay for it. Through our client-specific forecasting model, we will analyze profit and loss, cash flow and key covenant requirements for your organization on a baseline, as well as incorporating assumptions. Make educated decisions on your business’ future by securing an in-depth cost analysis.

Medicaid and Medicare cost reporting

Like tax returns, state and federal forms are getting more complex. Completing them accurately is critical. With cost analysis and reporting as a key component of these filings, completion in a compliant manner has taken on great scrutiny. Through our preparation methodology we will help you submit the necessary data.

Operational consulting, organization studies and revenue maximization

How does your organization rate when compared with similar ones? We can provide comparative data to help you understand cost structures of like organizations, advise you on how to make your business work more efficiently and determine if there are ways you could be operating more profitably.

Reimbursement consultation and assistance

We help clients understand Medicaid and Medicare reimbursement regulations. When issues arise or when third-party audits occur, we work hand-in-hand with our clients to clarify these issues. With significant experience dealing with state regulators and contracted auditors, we can provide you with reasonable solutions to resolve your issues.

 

STRATEGIC PLANNING SERVICES

If you’re thinking of expanding into a new business area, strategic planning will help you determine and weigh the pros and cons. Healthcare is an ever-changing business now revolving around healthcare reform, revisions to Medicare and Medicaid, policy and business alignment, and expansion and integration. Strategic planning can help your organization determine the potential benefits and risks as you operate in this changing environment.

Interim management services

If your organization finds itself in need of an interim CFO, CCO or internal audit director, blum has experienced professionals that can help lead your organization until a permanent replacement is determined. Our professionals have served in several significant interim positions, including terms as interim chief financial officer for long-term care providers, interim chief corporate compliance officer and as interim controller for a managed care provider.

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