About Us:
Neonatology Financial Strategies Group (NFSG) is a consulting group that helps neonatology service lines to optimize financial margins to achieve organizational mission.
The Core of the Problem:
The unique nature of neonatology revenue cycle often leads to financial inefficiencies and compliance risks.
Mission of NFSG:
Offer tailored strategic options to optimize financial margins, support neonatology service-line objectives, and mitigate risks.
Our Vision:
Advocate for neonatology service needs, focusing on expenses and revenues to align with client mission.
Value Statement to Clients:
We bring key stakeholders together to:
- Foster collaborations internal within the health system, and those external among insurers, organizations, and communities served
- Maximize revenue and minimize cost
- Align financial strategy to best reflect organization mission, vision, and culture
How:
- Improve payment capture through improved documentation integrity (CDI), optimized coding and billing (ICD-10, CPT, DRG, and Accommodation), and understanding payor rates
- Increase operating margin by optimizing staffing costs, aligning patient needs with location of care, and reduced staffing turnover
- Expose competing demands by developing political and influence maps, explaining local financials and reports, and sharing comparable benchmarks