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Richter ShareSource Blog

Jillian Lybarger- Staff Accountant

Recent Posts

Bank Reconciliation Best Practices for Health Care Organizations

Posted by Jillian Lybarger- Staff Accountant on Oct 18, 2016 9:50:39 AM

The most important account to reconcile is the cash account. The amount of cash on the “books” should be consistent with the monthly bank statement balance. The Cash Flow statement should always be updated once the bank reconciliation is complete. Cash Flow problems are not fun, you never want cash to be understated or overstated when trying to prepare for the next check run. Bank Statements are prepared and issued the week after the month ends; it is good to start them as soon as received to allow ample time for research on any unknown items.

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Topics: Accounting, Revenue Cycle Management, Financial Consulting

Best Practices for Segregation of Duties in health care Business Offices

Posted by Jillian Lybarger- Staff Accountant on Sep 29, 2016 10:04:54 AM

All healthcare provider organizations should have a strong internal controls system in place. Two areas of internal controls are checks and balances and segregation of duties. It is never too late to create checkpoints along the way to help ensure employees have different responsibilities and accountabilities. Having the following arranged is the first step:

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Topics: Accounting, Financial Consulting

Accounts Payable Process Basics for Healthcare Facilities

Posted by Jillian Lybarger- Staff Accountant on Aug 4, 2016 10:00:04 AM

The Accounts Payable (A/P) process for a SNF need not be cumbersome or overwhelming.

Technology has made it possible for most of the A/P process to become routinized and electronic. However, it does require human oversight and management.

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Topics: Accounting, Financial Consulting

Tips for Boosting Efficiency in SNF and LTPAC Facilities

Posted by Jillian Lybarger- Staff Accountant on Jul 8, 2016 10:42:15 AM

Don’t bite off more than you can chew...

It seems like Thanksgiving is one of those days when it is okay to bite off more than you can chew. Literally. But what happens after that? There is that sense of fullness, heaviness, inability to be able to even move. It is not a good feeling. Do you bite off more than you can chew in your life? 

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Topics: Clinical Consulting, Financial Consulting