Community Health Center Financial Administrators (CHCFA) was established to provide efficient, expert business solutions to community health centers (CHC), Frontier Extended Stay Clinics (FESC) and other federally qualified health centers (FQHC).
To serve our clients by providing the highest level of expertise and professionalism in, health care administration and financial business solutions.
Services:
Financial Reporting: MEDICARE AND MEDICAID COST REPORTING –
The Centers for Medicare and Medicaid Services (CMS) requires that institutional healthcare providers submit annual cost reports to an assigned Fiscal Intermediary (FI).
The cost report contains provider information such as financial statement data, facility characteristics, cost and charges by cost center (in total and for Medicare), utilization data, and Medicare/Medicaid settlement data. In ensuring that our clients are compliant to CMS requirements, CHCFA provides cost reporting services as requested.
Financial Forecast and Projections –
Complete financial and business forecasting services, including budget projections
Policies and Procedures –
Our administrators assist in the development and evaluation of policies and procedures such as peer review, clinical, and operational guidelines
Grant Writing –
Preparation and review of CHC grants such as in meeting strategic health center goals and objectives.
FQHC/330 GRANT WRITING –
Community Health Center Financial Administrators (CHCFA) provides grant writing services to FQHC/330 grantees seeking HRSA funds that would aid in providing much needed services to their MUAs and MUPs. This funding opportunity is available to CHCs categorized as:
1.Community Health Center (CHC) (330e)
2.Migrant Health Center (MHC) (330g)
3.Health care for the Homeless (HCH) (330h)
4.Public Housing Primary Care (PHCP) (330i)
Health Plan Review –
Complete review of health plan’s clinical and administrative goals and objective including CQI initiatives and risk management assessment
Book keeping/Write-Up – Provision of full-charge bookkeeping services, including general journal and subsidiary ledger maintenance, bank statement reconciliation, and receivables and payables tracking and analyses
Funding Opportunites - Assist clients in identifying and seeking funding opportunites available through Federal, State and local programs
Surveys and Licensure – Preparation and review of policies and procedures needed to meet clinical and operational standards set forth by JCAHO, Federal, State and local governing bodies
Board Training – Professionally train Board Members in their fiduciary responsibilities as well as provide an overview of FQHC requirements
General Variance Plan – Assist management in planning strategies to meet variances highlighted by review boards and prepare staff and leadership for interim financial and operational audits.
Accounting Software Selection & Implementation – Advice on selection of accounting software applicable to client’s business needs
Management Advisory Services –
Our administrators offers complete management advisory services, including systems implementation and management, cost controls and revenue enhancement strategies
Cash Flow & Budgeting Analysis –
Expert cash flow and budgeting analyses that can help you minimize cost overruns, lost purchase discounts, and receivables
Special Projects Accounting – As a dynamic company, our administrators as subject matter experts can meet a wide range of project accounting needs both internal & external
Interim Project Management – We provide immediate suport through skilled and experience consultants to cover temporary administrative job gaps
Other Services – CHCFA also provides services such as program development and implementation, program evaluation, data analyses and management, staff and leadership training and development.
