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AHI ACCOUNTING MATURITY MODEL Presentation by: Emily Ndlela, MBA, CPA

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Page 1: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

AHI ACCOUNTING MATURITY MODEL

Presentation by: Emily Ndlela, MBA, CPA

Page 2: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

Learning Objectives The AHI Vision for Accounting

Introduction to AHI Accounting Maturity Model

Discuss the four levels of maturity

Review the 9 key strategic areas critical to achieving excellence in financial management

Discuss Implementation Plan

Page 3: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

VISION

ACCURATE

DISCIPLINED

FOR AHI HOSPITALS

Page 4: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

ACCURATE

Page 5: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

DISCIPLINED

Page 6: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

DISCIPLINED

Page 7: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

What is a maturity model?

Page 8: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

BASIC (Emerging)

CAPABLE (Responsive)

EFFECTIVE (Proactive)

LEADING (Optimized)

Level 1

Level 2

Level 3

Level 4

AHI ACCOUNTING MATURITY MODEL

Page 9: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

9 KEY STRATEGIC AREAS

ACCOUNTING MATURITY

09 01

02

03

04

05 06

07

08

Accounting Policies

General Accounting

Transactional Processing

Audit

Financial Reporting & Analytics

Tax & External Compliance

AHI ACCOUNTING MATURITY MODEL

Page 10: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Foundational • Framework for standardized

accounting processes and practices

• Best Practice – identified, adopted, operationalized

• Embrace accountability

1. ACCOUNTING POLICIES

ACCOUNTING MATURITY

09 01

02

03

04

05 06

07

08

Technologies ACCOUNTING POLICIES

General Accounting

Transactional Processing

Capital Asset Management

Audit

Financial Reporting & Analytics

Tax & External Compliance

9 KEY STRATEGIC AREAS

Page 11: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Chart of Accounts • General Ledger • Bank Reconciliations • Month End Processing • Financial Close • Audit Schedules

2. GENERAL ACCOUNTING

ACCOUNTING MATURITY

09 01

02

03

04

05 06

07

08

Technologies Accounting Policies

GENERAL ACCOUNTING

Transactional Processing

Capital Asset Management

Audit

Financial Reporting & Analytics

Tax & External Compliance

9 KEY STRATEGIC AREAS

Page 12: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Revenue recognition consistent with GAAP/FRS/other standards

• Contract standardization • Invoicing • Payment processing • Purchasing • Physician order entry and patient

care transactions • Collections

3. TRANSACTIONAL PROCESSING

ACCOUNTING MATURITY

09 01

02

03

04 05 06

07

08

Technologies

Accounting Policies

General Accounting

TRANSACTIONAL PROCESSING

Capital Asset Management

Payroll

Audit

Financial Reporting & Analytics

Tax & External Compliance

9 KEY STRATEGIC AREAS

Page 13: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Fixed asset tracking • Capitalization and

depreciation policies • Physical Inventory • Controls in place to

minimize theft • Lease vs Buy optimization

4. CAPITAL ASSET MANAGEMENT

ACCOUNTING MATURITY

09 01

02

03

04 05 06

07

08

Technologies

Accounting Policies

General Accounting

Transactional Processing

CAPITAL ASSET MANAGEMENT Payroll

Audit

Financial Reporting & Analytics

Tax & External Compliance

9 KEY STRATEGIC AREAS

Page 14: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Manual or outsourced • Tax paperwork

preparation • Vacation/sick pay accruals • Integration to accounting

system

5. PAYROLL

ACCOUNTING MATURITY

09 01

02

03

04 05 06

07

08

Technologies

Accounting Policies

General Accounting

Transactional Processing

Capital Asset Management

PAYROLL

Audit

Financial Reporting & Analytics

Tax & External Compliance

9 KEY STRATEGIC AREAS

Page 15: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Audits performed consistently

• Key internal controls in place

• Compliance to policies • Tracking of certifications

6. AUDIT

ACCOUNTING MATURITY

09 01

02

03

04 05 06

07

08

Technologies Accounting Policies

General Accounting

Transactional Processing

Capital Asset Management

Payroll

AUDIT

Financial Reporting & Analytics

Tax & External Compliance

9 KEY STRATEGIC AREAS

Page 16: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Complete, accurate, reconciled financials statements for boards, management, and external stakeholders

• Management reports aligned to org structure, measured against budget

7. FINANCIAL PLANNING & ANALYTICS

ACCOUNTING MATURITY

09 01

02

03

04 05 06

07

08

Technologies

Accounting Policies

General Accounting

Transactional Processing

Capital Asset Management

Payroll

Audit

FINANCIAL PLANNING & ANALYTICS

Tax & External Compliance

9 KEY STRATEGIC AREAS

Page 17: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Compliance with national, regional, local tax requirements

• Violations • Findings and Penalties.

8. TAX & EXTERNAL COMPLIANCE

ACCOUNTING MATURITY

09 01

02

03

04 05 06

07

08

Technologies

Accounting Policies

General Accounting

Transactional Processing

Capital Asset Management Payroll

Audit

Financial Planning & Analysis

TAX & EXTERNAL COMPLIANCE

9 KEY STRATEGIC AREAS

Page 18: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

• Automation • Financial systems • Department system

integration • Patient medical record

system • Dashboard reporting

9. TECHNOLOGIES

ACCOUNTING MATURITY

09 01

02

03

04 05 06

07

08

TECHNOLOGIES Accounting Policies

General Accounting

Transactional Processing

Capital Asset Management

Payroll

Audit

Financial Reporting & Analytics

Tax & External Compliance

9 KEY STRATEGIC AREAS

Page 19: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

BASIC (Emerging)

CAPABLE (Responsive)

EFFECTIVE (Proactive)

LEADING (Optimized)

Level 1

Level 2

Level 3

Level 4

AHI ACCOUNTING MATURITY MODEL

Page 20: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

POLL: Please answer the following question

Respond at PollEv.com/emilyndlela003

Page 21: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

Ready… AHI Website (ahiglobal.org)

Support Teams

GHI Conferences/ Videos

CFO Connection Council

Page 22: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

SET… Pilot hospital(s)

Develop resources

Refine approach

Rollout to all hospitals

Page 23: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

GO… Assessment

Implementation

Achievement Recognition

Page 24: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

Email: [email protected]

Page 25: AHI ACCOUNTING MATURITY MODEL 2020...• Fixed asset tracking • Capitalization and depreciation policiesAccounting • Physical Inventory • Controls in place to minimize theft

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