Financial Management

Sound financial management provides the foundation to ensure stability for residents and employees, increase the organization’s value and improve profitability.


  • Maintain vendor files and approvals; verify invoices; and process vendor payments.
  • Address and resolve invoice discrepancies with vendors.
  • Generate and review AP aging reports to ensure timely, accurate payments.


  • Provide constant oversight of cash inflows and outflows.
  • Analyze revenue and expense cycles.
  • Build cash forecast models to predict cash position and identify periods with limited or excess resources to assist in cash planning.


  • Implement and maintain structured month-end processes to ensure balance sheet and income statement accuracy.
  • Interface with tax and cost report providers to ensure timely returns.
  • Complete annual budgets including census development, reimbursement projections and staffing metrics with anticipated cost and economic factors.


  • Complete monthly income statement, balance sheet and statement of cash flow.
  • Complete key metric and trend reports to provide greater visibility and assist in making informed decisions.
  • Lead monthly financial reviews with key personnel to assist in operational planning.

Hillcrest Healthcare Management Services can be your trusted partner in senior care facility management.