Consultants indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement.
Organizations hire the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants specialized expertise.
Because of their exposure to and relationships with numerous organizations, consulting firms are also said to be aware of industry “best practices”, although the transferability of such practices from one organization to another may be problematic depending on the situation under consideration.
Consultants may also provide organizational change management assistance, development of coaching skills, technology implementation, strategy development, or operational improvement services. Management consultants generally bring their own, proprietary methodologies or frameworks to guide the identification of problems and to serve as the basis for recommendations for more effective or efficient ways of performing work tasks.
Management Consulting Function
The functions of consulting services are commonly broken down into eight task categories. Consultants can function as bridges for information and knowledge, and that external consults can provide these bridging services more economically than client firms themselves.
Consultants have specialized on tasks that would involve high internal coordination costs for clients, such as organization-wide changes or the implementation of information technology. In addition, because of economies of scale, their focus and experience in gathering information worldwide and across industries renders their information search less costly than for clients.
Management Consulting Specializations
Medicare Cost Report Consulting
Medicare cost reporting services to Home Health Care Agencies (HHA), Assisted Living Facilities (ALF), Adult Day Care Centers (ADC), Skilled Nursing Facilities (SNF), Hospice Agencies, Renal Dialysis, Federally Qualified Health Center (FQHC), Community Mental Health Centers (CMHC), Physician Groups and Hospitals nationwide for over twenty five years. Gustavo A Viera CPA has filed thousands of cost reports; work with Healthcare providers to analyze costs per visit, revenue per visit, break-even points, comparing your Healthcare agency to national averages including nursing costs, therapy costs, administrative salaries, and net income.
Each year Gustavo A Viera CPA files Medicare Cost Reports and Medicaid Cost Reports for more than 100 clients nationwide. At Gustavo A Viera CPA we understand the stress involved in properly filing cost reports and the attention to detail that must be taken in order to ensure the job has been performed successfully. If your cost report is not filed correctly, Medicare will freeze future payments until the cost report is filed correctly. Mistakes are costly; Gustavo A Viera CPA has never had a misfiled cost report.
As Accountant Miami and CPA’s we not only prepare and file your Medicare Cost Reports and Medicaid Cost Reports, we can perform all the accounting and bookkeeping services associated work with the annual financial statements required to complete the Medicare Cost Reports and Medicaid Cost Reports. We do it all in-house.
Starting a Business
Many people today are looking to own and run their own business. There are three choices.
1. Buy a franchise
2. Starting a Business from scratch
3. Buy an existing business.
When talking about capital to Starting a Business or buy a conventional business we are not talking peanuts here; all these types of businesses will most likely require a substantial sum, perhaps in the hundreds of thousands of dollars.
They will usually require staff so suitable computer expertise for accounts and wagers and also people skills in the workplace are required. There are always some problems with staff which can cause difficulties.
In a conventional business you will require premises. If you have bought an existing business then probably rates and maintenance are your two main expenses with the existing building bought with the business. If you need to rent a premise then you may require a refit for your purposes which may cost tens of thousands of dollars. This would depend on the type of business which may require certain expensive machine or electronic devices which could be various and very expensive. Then you would need computers and office furniture in varying quantities. All quite expensive items. However you look at it there are considerable costs involved when starting a business some of which will be ongoing. i.e. interest on the loan, staff wages and rent etc.
If it comes to the worst and it all goes belly up look at what you might lose? The equity which was used to finance the loan – most likely the property you live in because you couldn’t pay off the bank overdraft. The fixtures and fittings which you purchased which now would be of use to you and any equipment you purchased which may have to be sold invariably at a loss.
So you sold everything to try and pay off your debt but that wasn’t enough so you have to leave the home you loved and look for rented accommodation. Then many years later you might crawl back to where you were before the time of the crash. The statistics for new conventional type business success are not good.
Other Management Consulting Services
- Sale of Small Business
- Starting a Business
- Divorce Tax Implications
- Offer in Compromise