Operations Consulting
Turn Around Advisory
Turn-arounds are particularly challenging for healthcare companies. Most executives
have never been through a turn-around situation. Companies need to act quickly and
judiciously to minimize the stress on staff and executives so that the company can
emerge as a more financially sound organization. DHA advisors have led numerous
turn-arounds and can advise senior management through this difficult process.
Turn Around Management
In addition to advisory services, DHA can actually step in and provide interim C
level (CEO, COO, or CFO) management during a turn-around situation. Our senior advisors
are experienced in the process both with and without bankruptcy protection.
Reimbursement
Critical to successful on-going operations, as well as turn-around situations, is
a focus on reimbursement. DHA advisors have extensive experience in all aspects
of reimbursement ranging from encounter capture, coding, billing, appeals, and follow-up
billing. DHA Advisors have found millions of uncollected bills for clients.
Revenue Cycle Analysis
DHA expert billing advisors can look at billing operations and provide solutions
to lack-luster results. Billing cycles do matter and DHA finds that many practices
and healthcare companies fail to send enough bills in the required frequency to
maximize reimbursement. Knowing the art of “pre-collection” will dramatically increase
collection percentages.
Managed Care Contract Analysis
DHA Advisors have negotiated managed care contracts with almost every local, regional
and national company. Dr. Dresnick has written chapters in textbooks on the subject.
Understanding the fine print will definitely increase your collections.
Bankruptcy Advisory (Debtor and Creditor Representation)
DHA Advisors can provide services to Debtors as well as Creditor Constituent groups
in all of the areas outlined. DHA Advisors are solely focused on healthcare companies
so we know where things are.
Example: In one of our clients, the Creditors Committee was told by the Debtor that
the company’s Accounts Receivables was almost $100 million. DHA’s analysis could
only come up with $55 million. Twelve months later, collections reached $54 million.