Finance & Reporting
The Finance Department is responsible for the preparation of the Internal Financial Function for our contracted clients
The Finance Department tests the profitability of each of the health plan’s contract, its products, risk pools and assists the outside independent accounting firm in complying with federal and state regulatory requirements.
Reportings
- Generate financial statements and budgets, and perform analysis for the following:
- Capitation
- Contracts
- Profit/loss by line of business
- Model new compensation and incentive models based upon IPA criteria
- Manage each IPA bank account and reconcile bank statements
- Maintain financial controls
- Audit and reconcile all health plan revenue collections, including risk pools
- Perform A/P functions
- Manage relational database of benchmarks and historical experience to ensure the quality and integrity of the data
- Develop ad-hoc reports on a prior approval basis
Physician Capitation Management & Eligibility
- Audit capitation reports and reconcile eligibility files
- Create and maintain capitation system tables
- Administer current capitation methodology, recommend available options
- Optima MMG recognizes the need for accurate and timely data to effectively work within an increasingly complex health care reimbursement system, driven by new products, federal and state mandates, consumer demands, risk adjustors and quality performance indicators.
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