This startup provides specialized accounting and finance solutions for skilled nursing facilities by automating back office processes such as patient billing, payroll, and month-end reporting. Their CFO-level support enhances financial management and operational efficiency, allowing healthcare providers to concentrate on patient care.
Funding
Funding not disclosed
Founders
Product
Problem
Skilled nursing facilities often struggle with inefficient back-office processes, including patient billing, payroll, and financial reporting, which diverts resources from patient care. Many facilities lack the in-house expertise for comprehensive financial management and strategic financial planning.
Solution
Taskvisory offers specialized accounting and finance solutions tailored for skilled nursing facilities, automating key back-office functions to improve efficiency and accuracy. The company provides comprehensive support, including patient billing and collections, payroll processing, accounts payable, banking, and month-end reporting. Taskvisory also offers CFO-level services, such as budgeting and forecasting, lease negotiations, and assistance with changes of ownership, to enhance financial management and strategic decision-making. Their process consulting services help facilities implement technology solutions and automate workflows, reducing costs and improving the timeliness of financial reporting.
Target Audience
The primary target audience includes skilled nursing facilities seeking to improve their financial management, streamline back-office operations, and gain access to CFO-level expertise.
Features
- Management of patient billing and collections to optimize revenue cycle.
- Payroll processing services ensuring timely and accurate employee compensation.
- Accounts payable management to streamline vendor payments.
- Banking and accounting services for accurate financial record-keeping.
- Month-end reporting to provide insights into financial performance.
- CFO services including budgeting, forecasting, and lease negotiation support.
- Process consulting to implement technology solutions and automate workflows.
- Assistance with new facility setup, including entity establishment and software implementation.