Outsourced Contract Controller Services

Next-Level Expertise and Performance to Enhance Outcomes

Qualified, high-functioning controllers are essential to maintaining current quality levels, ensuring profitability and enabling future growth. That’s why long-term post-acute care (LTPAC) organizations around the country turn to Richter’s outsourced contract controller services to fill this need. The reasons are clear:

  • Industry know-how – Richter offers a significant depth and breadth of LTPAC accounting experience and expertise operationally—and we help organizations meet immense regulatory demands amidst an evolving regulatory landscape.
  • Fully customized services – you purchase and utilize only those services you need, for the specific time in which they are needed. No more, no less.
  • Cost savings – these services offer enormous cost savings over a full-time controller.
  • Comprehensive approach – we offer tangential services such as outsourced revenue cycle management, clinical and Medicaid consulting, PointClickCare® consulting, QAPI consulting and more that provide holistic organizational benefits.
  • Strategic thinking to keep you ahead of the curve – our next-level contract controllers are thought leaders who utilize industry best practices and offer fresh approaches toward cash flow, cost containment, new payment methods, technology and more.

Outsourced Contract Controller Services From Richter

Customized services include:

  • Managing purchasing and accounts payable processes and vendor contracts
  • Overseeing and/or collaborating with the payroll staff or third-party service provider on payroll functions
  • Managing cash flow (and provide management with weekly cash position and forecast)
  • Communicating with bankers and/or lenders
  • Overseeing revenue cycle outcomes (e.g., collections, forecasting, bad debt)
  • Maintaining general ledger and account reconciliations (and complete necessary audit work papers)
  • Developing and implementing best practice systems and procedures for all accounting functions
  • Maintaining the organization’s accounting software application
  • Compiling financial statements for management, the board, lenders and any other designated third parties
  • Providing supplemental reports as requested by management (e.g., analysis of budget variances, board-required documents)
  • Assisting management with annual operating budget development and review of contracts as requested
  • Advising management on any matters that are financial in nature
  • Providing tax and cost report accountant(s) with trial balance and supplemental information as required to complete tax returns and Medicare/Medicaid cost reports.
  • Serving in an advisory capacity to the organization’s board and/or leadership team

Why Outsourced Contract Controller Services From Richter?

  • Accurate cash management – with tight profit margins and delayed cash flow in today’s health care environment, effective cash management is critical to operating vitality.
  • Confidence when the time comes for independent audits – many lenders require independent audits. That, in turn, requires skilled accountants to prepare for and provide accurate information to auditors to achieve successful outcomes.
  • Accurate information that enables good decision-making – skilled accountants are a must to ensure successful and timely information on financial performance and position. This information enables organizational leaders to make informed decisions.
  • Value-added expertise – Richter offers a depth and breadth of expertise that, simply put, is a rare commodity. Our contract controllers have worked for years in a variety of LTPAC settings, from skilled nursing and long-term care facilities to home health agencies, senior living facilities and more.
  • Industry foresight – our professionals stay on top of the latest trends, shifts and legislative actions to help your organization anticipate changes before they happen, and plan accordingly.
  • Cost savings on several levels – including human resources (e.g., salary and benefits), audit time and the corresponding expense.
  • Knowledge of, and experience with, all widely used acute care technology and accounting platforms – with Richter, you’ll gain the benefit of outsourced contract controllers who know their way around LTPAC technology and accounting systems.
  • Dual accountability – Richter’s outsourced contract controllers are accountable not only to your organization, but to us internally as well. This double layer of accountability serves everyone well. To you, it provides peace of mind that the contract controller is meeting her/his obligations. To Richter, the contract controller’s solid job performance underscores the value of our contract controller services and strengthens our reputation in the marketplace.

Enhance Bottom-Line Financial Outcomes – With Help From Richter

To learn more about Richter’s customizable outsourced contract controller services, please fill out the form below to request more information or contact us here.

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