Financial Audit Service

Robbie VanPelt

Financial Systems Auditor

A regular audit of your financial and insurance systems is a powerful tool in identifying financial areas at risk your practice, as well as areas in need of improvement or additional training.  We highly recommend an annual audit to be sure all financial systems are accurate and remain on track.

Benefits of a financial audit:

  • Identification of High-Risk Areas: A third party assessment provides an unbiased appraisal of the key areas of your practice’s financial management processes to identify whether they are being managed effectively. Our audit provides a detailed evaluation of high-risk areas including contract entry protocols, proper execution of account adjustments and account maintenance, whether insurance guidelines being adhered to, and the identification of process gaps in your financial systems.

  • Peace of Mind: Knowing this high-risk area of your practice is on solid footing allows you to rest easier and move your attention to other things.

  • Convenience: Hummingbird offers remote access audits, which can be performed during evening hours with no loss of patient time.


Financial Audit Components

Your audit will include a comprehensive report outlining the following areas:

  • Audit of sample patient accounts

  • Audit of documentation in patient ledgers

  • Contract Setup

  • Adjustments

  • Courtesies

  • Receipts

  • Insurance Discounts 

  • Insurance Follow-up

  • Credit Balances

  • End of Day Reports

  • Delinquency Ratios

  • Report summary with best practice recommendations and urgent areas to address