OUR HOME CARE ACCOUNTING SERVICES
YOU SUPPORT YOUR PATIENTS, WE'LL SAFEGUARD YOU
The Twelve Firm is here to relieve your back-office burden by offering long-term care accounting services. We provide all of the necessary data through cloud applications so you can access it on any device, anytime! Our bundled packages combine payroll reporting with cost tracking or tax preparation - making us a one-stop-shop for everything related to running an institution
We believe in empowering our clients’ businesses at every level possible; this includes allowing them more flexibility when dealing directly with their finances without having someone else analyze numbers too closely (which could be costly).
OUR ABUNDANT HOME CARE ACCOUNTING PROFIT PLAN
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WE HELP YOU CREATE A PLAN TO GET FROM WHERE YOU ARE NOW, ALL THE WAY TOWARDS YOUR FUTURE.
We'll take an in-depth look at what's holding back progress and figure out how best to approach tackling those obstacles with strategy—and then put together one cohesive strategy that will bring us closer than ever before!
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WE TAKE OVER THE ACCOUNTING TASKS THAT YOU DON’T WANT TO DO
Whether you have internal accounting staff or not, we fill in the gaps where you need us. We provide month-end close and reporting or handle it all, even paying the bills.
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WE HELP TURN INSIGHT INTO ACTION AND HIT YOUR GOALS
We meet with you regularly throughout the year to review your financial statements, performance metrics, operational goals, or concerns and plan appropriately so you can be confident in where your business is headed.
OUR HOME CARE ACCOUNTING PACKAGES
REPORTING
PRICES START AT
$2,000 PER MONTH
Includes:
Month-End Reporting
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Financial statements
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Performance indicators and metrics
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Monthly review of accounting records to ensure CMS compliance
Support
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72 hours or less email support response time
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Phone consultation – up to 30 minutes per month
Cost Reporting
Tax Preparation & Planning
ACCOUNTING
PRICES START AT
$2,500 PER MONTH
Includes Reporting Package plus:
Maintain General Ledger
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Maintain all data feeds
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Review coding of all transactions
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Monitor all electronic data integrations
Month-End Close
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Reconcile all accounts: banks, credit cards, loans, intercompany accounts
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Post journal entries as needed: revenue accruals, prepaids, payroll allocations
Support
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48 hours or less email support response time
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Phone consultation – up to 2 hours per month
COMPLETE BACK OFFICE
PRICES START AT
$3,000 PER MONTH
Includes Accounting Package plus:
Accounts Payable Management
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Setup and administer bill payment system
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Process all bills for payments
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Provide digital access to all invoices and paid bills
Track Credit Card Expenses & Receipts
Process Employee Expense Reports & Payments
Support
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24 hours or less email support response time
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Phone consultation – up to 4 hours per month
TAX TIME DOESN'T HAVE TO BE STRESSFUL, WE'RE HERE TO HELP YOU
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Our Modern Process
Our filing process provides a seamless digital experience from gathering your tax documents to filing your return electronically.
Compliance And Preparation
With our filing process, you can rest assured that your taxes will be done in a timely manner and efficiently. Our team is committed to providing an experience from start to finish that ensures satisfaction every step of the way!
Tax Support Tailored to you
Let our team be your tax experts so you don't have to be. Our expert EAs prepare, review and file your tax returns to keep you compliant and help you be in the best tax situation possible.
Year-Round Availability
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We’re here all year to help you make the best tax decisions. Schedule a one-on-one conversation via phone, video call, or in person.
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Business returns plus one state starting at $2,500
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Individual returns starting at $1,350
The Twelve Firm provides affordable home care accounting services to home care businesses. While you focus on what you do best, we can supply your home care business with a variety of accounting services. This allows you to enhance your revenues by leveraging the potential of your firm while we handle the accounting-related tasks.
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We'll assist you with recording and reporting accounting-related transactions while you focus on providing high-quality home care services to your clients. This will result in efficient workflows and adequate compliance with regulatory agencies. The Twelve Firm provides efficient handling of a company's financial information, allowing for the fulfillment of transactions with patients to be completed more quickly. This involves the processing of billing bills and schedules more quickly. In the long run, this leads to improved customer satisfaction and enhanced consumer loyalty to the company's services. The Twelve Firm provides the following homecare accounting support services:
1. Compliance Assistance
The constant changes that occur in the market make it difficult for home care organizations to handle the financial parts of their operations entirely. This is particularly true when it comes to tax law compliance, audits, and the general accounting process.
The Twelve Firm team has the knowledge and experience to complete financial management and accounting duties. This is accomplished with a particular emphasis on compliance and effective reporting to company stakeholders.
2. Improved Revenue Cycle
When it comes to maximizing a business's revenue earning potential, the revenue cycle is something that should be addressed. This is especially true for home care organizations. Furthermore, a corporation cannot function efficiently unless it has a sufficient amount of cash to support its total activities. The Twelve Firm provides billing help by accurately processing and mailing client billing bills. The company also provides an automated tool that immediately changes the home care business's records whenever a client makes a payment. This gives your firm more time to focus on other aspects of their operations rather than manually updating their records every time a client makes a payment.
3. Employee Education
The Twelve Firm may also assist with the training of your company's employees in the effective management of business processes and the right handling of cash flows. The organization can give professionals who are committed to ensuring that your team receives the greatest training in cash flow management. We will upgrade their knowledge and skills in dealing with the business's cash flows. The appropriate handling of funds allows a business to have a better chance of thriving in the competitive home care industry.
4. Operational Enhancement
The Twelve Firm provides services to examine and recommend changes to a company's current operational processes. The organization employs a group of capable professionals that are skilled in overseeing and evaluating business operations.
The company's counselors are professionals in the field of home care management. We also have the expertise to assist firms with compliance issues and OASIS accuracy audits. We are professionals in developing plans and strategies to increase a company's overall performance.
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5. Medicare Cost Report for Home Health Care
Upon evaluation of the Medicare Cost Report for this type of institution, the business will have a clearer view of the cost spent by the company. The report shall include every visit to patients, the number of disciplines used per episode, the expenses incurred per episode, and the corresponding earnings.
Home care Accounting Services by The Twelve Firm
It is critical to stay ahead of the pack in the fast-paced climate that which the home care sector operates.
The Twelve Firm will ensure that your accounting needs are met in a timely and correct manner. This is accomplished by deploying cutting-edge technologies for the effective and efficient production of reports and other outputs. We ensure that these reports meet the industry's and regulatory authorities' criteria.
The Twelve Firm will supply you with home care accounting solutions that are both technologically advanced and accurate. As a result, company resources and decision-making are handled effectively and efficiently.
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Let Us Help You
The Twelve Firm will not only help you with your Medicare Cost Reporting needs. We will also help you evaluate some other aspects of your financial operations. This includes evaluating the conditions of your dues from patients, the cost per treatment, and more. Contact us today!