LET 3MC BE YOUR “BACK OFFICE” SPECIALISTS!

3MC Consulting, LLC (3MC) is a full-service billing and consulting boutique focused on exclusively on the unique needs of Skilled Nursing Facilities and home health facilities. The 3MC team is dedicated to providing you with exceptional service, results and value.

The 3MC team offers you consulting on a wide range of “back office” issues. We offer a variety of additional services which make us an ideal partner for you. The team’s focus is on helping clients like you get the most our of your billing and collections efforts.

At 3MC Consulting, we understand that providing unmatched healthcare for patients is the highest priority to our clients. Unfortunately, the financial side of healthcare often gets in the way of that priority. Our services are designed to fill the gap so that you can focus on patient care and other areas of your business.

3MC offers a wide range of accounting services for nursing homes and home health facilities including, but not limited to:

  • Accounts payable/ bill pay
  • A/R and billing
  • Collections & follow-up
  • Monthly financial statements & reporting
  • Quarterly provider fee reports
  • Monthly bank reconciliations
  • Treasury management
  • Cash management & forecasting
  • General ledger maintenance
  • Month-end and year-end closing assistance
  • Accounting staff training
  • Fixed asset/depreciation schedule maintenance
  • Accounting software training/assistance

FULL-SERVICE ACCOUNTING FOR YOUR BUSINESS

Our team at 3MC Consulting functions to meet you specific accounting needs. When it comes to the financial side of your business, you can be as hands-on as you like. Its is our pleasure to serve as your full-service accounting department, handling every aspect or you can choose how you would like our team to assist you. You will reap the benefits of an accounting team with years of expertise in Medicaid, Medicare, and the healthcare industry as a whole.

We understand the complexities of Medicare and Medicaid, and are pleased to offer services as your best resource for managing cash, processing payroll, and paying vendors within the complicated healthcare system. We work closely with auditors to ensure your regulatory compliance and relieve that additional stress.

STREAMLINING OPERATIONS WITHOUT UNNECESSARY CHANGE

Often, outside accounting groups require clients to utilize their methods, software, or chart of accounts, which results in a large and time-consuming learning curve.   3MC Consulting believes that it’s out responsibility to learn how you operate and work within your system. This means you staff won’t have to take time away from their routines to learn something new. Due to 3MC’s team’s extensive experience in the healthcare consulting industry, we operate many systems and are happy to accommodate whatever software you are already using.

LOST REVENUE MANAGEMENT

Medicare and Medicaid reimbursements are essential to the financial health of every nursing facility and home health agency. Unfortunately, budget cuts at the state level mean that facilities often do not receive crossover pay from Medicaid. In the event that Medicaid does not provide crossover pay, our team at 3MC Consulting assists clients in claiming unpaid coinsurance amounts, referred to as Medicare Bad Debt, on their Medicare cost reports. Unpaid coinsurance amounts billed to private payers are also eligible to be claimed for reimbursement on Medicare cost reports after collections have been pursued for at least 120 days, but amounts still remain uncollected. Medicare will pay a portion of coinsurance amounts not paid by a state Medicaid program or private payer and our services are designed to ensure that our clients receive all possible reimbursement.

A PASSION FOR ACCURACY

Even the smallest inconsistency or error on a Medicare Bad Debt log could jeopardize your reimbursement, and it is our goal to keep that from occurring. In addition to sending us all bad debt logs, we request that our clients send the Medicare and Medicaid remittance advices for an extra layer of protection in the event of an audit. We review the bad debt logs and all supporting documents carefully to ensure every aspect of the information is correct. This includes:

  • Patient Name
  • Medicare Number
  • Dates of Service
  • Indigence Status
  • Medicaid Number
  • Date the First Bill was Sent to Private Payer
  • Date Collection Efforts Were Begun
  • Medicare and Medicaid Remittance Advice Paid Dates
  • Medicare Deductible and Coinsurance Amounts
  • Any Amounts Paid by Other Sources
  • Medicare Bad Debt or Write-Off Amount
  • Write-Off Date

Very few accounting firms undertake this tedious review process to the level of detail we have set as a standard, and even fewer have comparable experience serving the healthcare industry. We prepare hundreds of cost reports each year and are pleased to offer our wealth of knowledge for the benefit of our clients.

CLIENT RESOURCES

For your convenience, we have placed a standard Medicare Bad Debt Log form here for you to download.