Preferred considers its Financial Services staff to be one of the best in the health care industry. Certified Public Accountants with years of experience in hospital financial management, auditing, cost reporting, and financial analysis are the backbone of our Financial Services team. The staff prepare and analyze monthly financial statements and compile annual Medicare Cost Reports. In addition the entire spectrum of Accounts Receivable Management, from charge posting to cash receipts, is overseen by the competent Accounts Receivable staff members. Assistance and review of accounts receivable provides local hospital staff with the support and direction needed to successfully manage billing, collections and cash flow.
Due to the level of attention the Financial Services staff provide on a routine basis, the financial management of a health care facility is analyzed and adjustments made on a more timely basis. This allows administrators to spend additional time on other functions of the health care facility while benefiting from the input, advice, and work of the Financial Services staff of Preferred.