Driving Financial Excellence

Practice Audit & Financial Reporting for Medical Practices

By partnering with us, you can ensure that your practice is operating efficiently, compliantly and providing high-quality patient care

Practice Audit & Financial Reporting



First Pass Resolution


First Pass Resolution

Collection Ratio


Collection Ratio

Revenue Improvement


Revenue Improvement


Unlock Your Financial Potential With Our

Practice Audit & Financial Reporting Services

Care Reimbursement Medical Billing Solutions recognizes the challenges of managing aging reports, acknowledging the time-consuming and intricate nature of the process. In collaboration with our clients, we have introduced an optimal reporting solution, offering real-time access to crucial financial information. Our state-of-the-art medical billing systems empower us to swiftly and precisely generate aging reports, ensuring our clients always have the latest information readily available.

Audit & Reporting is essential for several reasons:

Medical Billing Audit & Financial Reporting Can Help Healthcare Providers

Identify under-coding / over-coding

Identify under-coding / over-coding

Protect against fraudulent billing

Protect against fraudulent billing

Prevention of outdated procedure codes

Prevention of outdated procedure codes

Customizable & Personalized Reports

Our tailor-made reports offer timely insights to sustain workflows and operational processes, optimizing productivity and resource utilization. We are flexible in creating and delivering specialized reports based on our client’s specific requirements. For instance, if a provider operates across multiple locations and involves various providers, we can consolidate data from different sites and/or multiple Electronic Health Record (EHR) systems. This consolidation enables us to generate a unified reporting dashboard, allowing effortless management of each location or provider’s productivity with simple point-and-click functionality.

We provide our clients with a wide range of reports that are personalized to address their needs. Our reports includes:

Customizable & Personalized Reports

Practice Audit & Financial Reporting for Transparent Healthcare Operations

Leading healthcare providers choose Care Reimbursement Medical Billing Solutions for outsourced practice audit & financial reporting services to incorporate healthcare financial management that amplifies the revenue cycle.

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Medical Billing Audit Checklist

A comprehensive audit checklist is crucial for billing and audit companies to navigate the entire process effectively. It aids in monitoring potential revenue leakages and plays a pivotal role in optimizing the revenue cycle. The significance of medical billing audits cannot be overstated, as they are vital for ensuring the accuracy and integrity of billing practices, safeguarding against revenue loss, and preventing financial distress.


Medical Billing for all Specialties

Our dedicated team has fair enough knowledge of billing codes of different specialties and keeps their knowledge up to date with the latest changes to avoid denials and ensure a smoother billing process for your patients & better revenue for your health care services.

We offer medical billing for the following specialties:

Gastroenterology Billing Services

Behavioral Health Billing Services

Cardiology Billing Services

Pediatrics Billing Services

Internal Medicine Billing Services

Physical Therapy Billing Services

Pain Management Billing Services

Chiropractic Billing Services

Plastic Surgery Billing Services

General Surgery Billing Services

Orthopedic Billing Services

Dermatology Billing Services

Urology Billing Services

Endocrinology Billing Services

Family Practice Billing Services


Explore All Specialties

Realize The Maximum Potential of Your Revenue Cycle Today

Let Care Reimbursement Medical Billing Solutions be your reliable partner for comprehensive RCM management services. We optimize your revenue cycle, improve financial performance and provide ongoing support. Our RCM experts work side by side with you to optimize your reimbursements.

Practice Audit & Financial Reporting Services FAQ's

⦿ Identify deficiencies in internal controls, billing practices, and compliance with regulations.
⦿ Assess financial health and stability.
⦿ Enhance profitability and efficiency.
⦿ Prepare for external audits or potential mergers/acquisitions.

⦿ Revenue cycle: 
Patient intake, coding, claims processing, collections, accounts receivable.
⦿ Expenses: 
Payroll, supplies, equipment, rent, utilities, insurance.
⦿ Compliance: 
HIPAA, Stark Law, Anti-Kickback Statute, state regulations.
⦿ Internal controls: 
Cash handling, data security, segregation of duties.

⦿ Balance sheet: 
Assets, liabilities, and owner’s equity at a specific point in time.
⦿ Income statement: 
Revenues, expenses, and net income over a period (e.g., month, quarter, year).
⦿ Cash flow statement: 
Sources and uses of cash over a period.
⦿ Patient billing summaries: 
Detailed breakdowns of charges, payments, and adjustments.

⦿ Analyze audit findings and implement corrective actions.
⦿ Optimize coding and billing practices.
⦿ Negotiate better rates with payers.
⦿ Monitor expenses and identify cost-saving opportunities.