The Physician WebLink finance staff are well versed in the variety of financial arrangements and operational needs of managed care delivery systems. For those clients that enter into “risk” arrangements involving medical care, it is imperative that their administrative organization assess and understand what those risks are, and advise the client of the current and anticipated financial status relative to that risk.
Physician WebLink provides all required financial services to administer the client’s managed care network, including interfacing with the client’s independent outside auditor for year-end auditing and tax-filing purposes. The PWL finance staff adheres to GAAP for all activities. Service highlights include:
Routine accounts payable, cash management, monthly financial statements, and calculation of IBNR (incurred but not reported) claims expense
Financial planning, including development of annual medical expense budgets
Auditing and recovery related to risk pool arrangements and administration of stop-loss or excess-loss insurance policies, including billing and collection from carrier
The amount of information that is now available to a healthcare organization can be overwhelming. It has also become a business imperative to collect large amounts of information, and distill it down to useful data that can be offered back to management for both the day-to-day operations, as well as projecting and predicting the business that lies ahead. Service highlights include:
Standard financial analysis and operational performance reports that provide a comprehensive overview of a population’s experience
Designing, creating and maintaining needed custom reports
Integrating outside data into a data warehouse enhanced data reporting
