Focus Management Group

Focus In-Sights

Articles

Managing the Revenue Cycle Managers

The revenue cycle management process is not just a front-end effort. Focus’ approach is to tie the revenue cycle management to weekly key indicator and cash flow reporting, and to the financial statement performance reporting. This approach requires management and accounting departments to be fully engaged in the performance monitoring process, and to understand net

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Protecting and Preserving Medical Records During Bankruptcy

When healthcare organizations are in a highly distressed condition, maintaining or addressing the Health Information Management needs of the entity is frequently overlooked. During these troubled times, a combination of reduced staff, reduced attention to industry or regulatory standards, or deferral of decision making, all work to negatively impact Health Information Management. Use of a

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Downey Regional Medical Center Exits Bankruptcy Healthier Than Ever

Overcoming significant odds is exactly what Downey Regional Medical Center and its management team and advisors were able to do between DRMC’s bankruptcy filing in September 2009 and its exit from bankruptcy in March 2012. Downey Regional Medical Center in Los Angeles County successfully emerged from bankruptcy as a healthier and stronger healthcare provider. Key

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Year-End Financial Statements Are on The Way

Receipt of this annual financial statement provides stakeholders of a business with an opportunity to gain additional insight regarding the performance of the business. The year-end financial statement provides a fully updated, and, in many cases, audited, report on the company’s operating performance.

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Selecting a Financial or Operating Advisory Firm

The decision made in selecting the advisory firm is one of the most critical factors in achieving a successful restructuring. While the decision is often made on price, the criteria should center around which firm will increase the likelihood of a successful restructure or reorganization.

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Effective IT Management Strategies

For many companies, IT (Information Technology) budgets represent a material percentage of total expenses (often fifteen to twenty percent), yet stakeholders are often unable to receive the financial and operating performance reporting required, and management is unable to receive critical decision making information needed to be successful.

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Converting Nonprofit to For-Profit Status

In reviewing a hospital’s long-term strategic options to continue facility operations and improve community services through access to investment capital, the board may decide to sell the nonprofit hospital to a for-profit hospital ownership entity. Trustees must ensure that an open and fair process is used to reach the best decision possible for the organization

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Articles

Agriculture’s Reaction to the Trade Discussions

The recent discussions surrounding tariffs on corn, soybeans, cotton, beef and pork are increasing turmoil in the ag sector...

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Press

Focus Management Group Completes Its Role as Receiver for Campus Book Rentals

Chicago, IL, August 3, 2017 – Focus Management Group (FMG) was appointed receiver of Campus Book Rentals on...

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