Financial/Operational Reporting and Purchasing

Financial and Operational Reporting

Clients can benefit from the experience of our financial services team, which understands the unique challenges of providing timely and accurate financial information to healthcare providers and organizations. Over the years we have developed standards and best practices that enable us to provide meaningful reports to aid in the analysis and growth of your practice.

Our services include:

  • Accounts Receivable Operations Scorecard - A one-page summary of pertinent data, including Trended A/R Activity and Operating Indicators including:
    • % of charges Collected
    • Number of Office Visits
    • Charges by Payor
    • % Collections by Payor
    • Contractual and Collection Rates
    • AR Aging
    • MGMA benchmarks
  • Financial Analysis - Includes monthly detailed financial reports and trended reports with analysis.
  • Financial Reports - Posted on our secure web site for easy client access and review.
  • Cash Flow Analysis - Includes the monitoring of bank account, cash flow forecasting, and reconciliation of bank account.
  • Forecasting and Budgeting
  • Payroll Processing - Complete services including tax filings and W2 processing.
  • Accounts Payable - Invoice tracking and payment, cash management and a chart of accounts consistent with client tax-filing needs and 1099 processing.

Services can be purchased bundled or offered separately depending on the client's needs.

Group Purchasing

Connecting physician practices with the resources they need

Often-overlooked responsibilities such as financial planning and materials management usually take a back seat to patient care - and therefore may be neglected

Caring for patients. Managing staff. Growing the practice. How do physicians meet daily responsibilities in these most critical areas and still find time for other important concerns, such as planning their financial future, finding competitive prices for medical supplies, and protecting their reputations?

By working with OneSourceMed®.

OneSourceMed® has established partnerships with respected third-party vendors to give our clients top-rated products at competitive prices. We help physicians meet important needs without taking time away from their practice or their patients.

Through our relationship with Health Trust Purchasing Group (HPGMD), a physician-focused group purchasing organization, OneSourceMed® can help physicians combat the rising cost of supplies associated with managing a practice.

  • With the power of Health Trust Purchasing Group - one of the nation's largest - our clients can purchase top-quality medical/surgical products, equipment, pharmaceuticals, and business office supplies at dramatically discounted prices
  • We offer a broad and diverse selection of vendors including:
    • Cardinal
    • Office Max
    • Dell
    • Johnson & Johnson
    • Abbott Laboratories
    • AT&T
    • Bard
    • SourceOne
    • UPS
    • Standard Register
  • HPGMD has demonstrated a supply savings ranging from 18% to 52%, with an average of 22.5% for some of its member physician practices.

Enrollment is easy, and with the purchase of Financial Services there is no fee to join. There is never a penalty to exit the contract with HPGMD early.

For more information, contact:
HealthTrust Purchasing Group
Implementation Account Coordinator
Three Maryland Farms, Suite 250
Brentwood, TN 37027
(877) 648-8983
E-mail: HCAPS.HPGmdMembership@HCAHealthcare.com