CASE STUDY 2 : FINANCIAL MANAGEMENT

Timely reimbursement and sufficient revenue are key to an organization's survival. When a community-based treatment agency faced closure, HMC acted quickly to keep the doors open.

We analyzed billing, collections, payor mix, scheduling and staff productivity; developed new monitoring and reporting systems; provided training and improved overall business practices.

Revenues increased $2 million in the second year and the agency achieved profitability for the first time.

The outcome? A return to stability that saved an agency, a community and its most vulnerable members.