LTC Consulting Services

What LTC Consulting Services does

LTC delivers services through a professional services engagement model with contingency-based fees for its contracting line (no fee unless the request is successfully fulfilled) and customized financial advisory packages. Revenue is generated through professional service fees for billing operations management, debt recovery, CPA-led financial reporting, managed care contract negotiations, licensure and credentialing, M&A due diligence, acquisition underwriting, and outsourced CFO services. The go-to-market is sales-led and relationship-based, with direct engagement of SNF owners and operators through dedicated account managers and a structured implementation process. The company supplements direct sales with content marketing (LTC Blog, LTC Lens YouTube channel, email newsletter) and an annual Healthcare Summit at MetLife Stadium offering CEU credits to healthcare administrators. Notable proprietary technology includes the LTC Contracting Case Management Software, the Vital Records Portal for credential and contract management, LFAS Underwriting Tools with SNF-specific comps, and a Medicaid Applications Tracking System. Co-founded by CEO Michael Bauman and CFO Mark Josefovic, the company operates without external institutional investors, has no disclosed funding rounds or M&A activity, and reportedly grew to approximately 400 employees with services delivered nationally across multiple US states.

Name

LTC Consulting Services

Legal name

LTC Consulting Services

Website

https://ltccs.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

LTC Consulting Services is a privately-held healthcare consulting firm that provides outsourced billing, accounts receivable management, collections, managed care contracting, and financial advisory services to skilled nursing facility operators across the United States.

Ownership category

akta.pro rank

Product category

Healthcare Financial Management Consulting

NAICS

Administrative Management and General Management Consulting Services (541611)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Financial Management & Performance Improvement Consulting (BPAHACAF)

akta.pro secondary industry

Outsourced Finance & CFO Services (BPAHABAE)

Keywords

• Healthcare consulting
• Medical billing services
• Accounts receivable management
• Skilled nursing finance
• Managed care contracting

Headquarters

HQ city

Lakewood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Managed Care Contracting Services: Contingency-based contracting services where fees are only incurred upon successful fulfillment of requests. If LTC is unsuccessful in fulfilling a request, no payment is necessary. Services include Managed Care Contracting, Licensure and Credentialing, and CHOW services.
2. Financial Advisory Services: Outsourced CFO services providing financial cycle management, comprehensive financial reporting, M&A due diligence and underwriting advisory services to skilled nursing facilities, owners and operators. Revenue generated through professional service fees for advisory engagements.
3. A/R and Billing Services: Complete business management services for skilled nursing facilities including oversight of all aspects of billing operations. Revenue generated through professional service arrangements.
4. Collections Services: Successfully recovered millions of presumed uncollectable receivables at a remarkably high ratio. Collections department specializes in collecting outstanding receivables for facilities nationwide.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

LTC Consulting Services provides outsourced business office management to skilled nursing facility owners and operators, covering medical billing and accounts receivable, collections, healthcare finance and accounting, managed care contracting/licensure/credentialing, and outsourced CFO/financial advisory services. Services are delivered remotely by dedicated account managers and departmental specialists, allowing facility operators to focus on clinical operations while LTC handles the full revenue cycle and back-office functions.

Product overview

LTC Consulting Services operates as a unified platform with five core divisions serving skilled nursing facilities: Collections, A/R (Billing), Finance, Contracting, and Financial Advisory Services. Collections handles debt recovery for uncollectable receivables. A/R provides complete billing operations management. Finance delivers CPA-led accounting, cash management, and financial reporting. Contracting manages managed care contracts, provider enrollment, and CHOW processes. Financial Advisory Services offers outsourced CFO, M&A due diligence, and asset management. The divisions work in coordination with designated account managers ensuring seamless client experience.

Differentiator

Problem solved

Functional benefit

Brands

• LTC Contracting: Complete solution for Managed Care Services and Change of Ownership needs, including Managed Care Contracting, Case Management, Government Enrollments, and Behavioral Health Provider Services.
• LTC Financial Advisory Services (LFAS)

Products and services

• Collections Services Debt collection services for skilled nursing facilities, recovering outstanding receivables and helping clients get accounts receivable back on track. Targeted at SNF owners and operators nationwide.
• A/R Billing Services Accounts receivable and billing solutions providing complete business management services and oversight of all aspects of billing operations for skilled nursing facilities. Targeted at SNF operators needing outsourced revenue cycle management.
• Healthcare Finance Services Healthcare finance services delivered by CPAs, covering accounts payable management, cash management, financial reporting, month-end close, tax filing, cost report coordination, and audit support for skilled nursing facilities.
• Contracting Services Managed care contracting, facility licensure, credentialing, and Change of Ownership (CHOW) services for skilled nursing facilities and other healthcare providers, delivered under contingency-based fees where no payment is incurred if requests are not fulfilled.
• Financial Advisory Services (LFAS) Outsourced CFO services, M&A due diligence, acquisition underwriting, financial analysis, and asset management for skilled nursing facilities, REITs, and landlords investing in healthcare properties.

Quantifiable outcome

• Successfully recovered millions of presumed uncollectable receivables at a remarkably high ratio
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Senior Planning ServicescoreStrategic or Co-development PartnerThe leading Medicaid application company in healthcare. Specializes in guiding individuals through the complex Medicaid process. Has earned a stellar reputation throughout the long-term care community for successfully assisting thousands of individuals with Medicaid applications.
• LTC ContractingcoreStrategic or Co-development PartnerA division of LTC Consulting Services providing managed care contracting, facility licensure and credentialing services. Approaches healthcare matters from a reimbursement perspective to advocate for desirable rates and manage credentialing needs.
• Streamline HRminorStrategic or Co-development PartnerFull-suite HR management services for nursing facilities including payroll, scheduling, time and attendance, compliance, employee relations, benefits, filing systems, insurance claims, and other HR functions.
• SPS Pooled TrustminorStrategic or Co-development PartnerServes the disabled population with the ability to protect income and assets to qualify for government benefits. Goal is to maintain dignity of disabled and senior population allowing them to age in place in their own home.
• SPSCS (SPS Community Solutions)minorStrategic or Co-development PartnerProvides Medicaid and financial services for long-term home care programs. Has proven to efficiently streamline the Medicaid process for numerous MLTC and home care agencies, totaling thousands of successful Medicaid outcomes.
• Mobilex USAminorGTM or Marketing PartnerAmerica's leading provider of mobile imaging services. Brings x-ray and sonogram technology to facilities. Serving patients in over 7000 facilities throughout most of the United States for over 35 years. Platinum sponsor of Healthcare Summit 2017.
• Brian Patten and AssociatesminorGTM or Marketing PartnerSpecializes in assisting organizations with employee benefits enrollment. Management team has over 54 years of benefit and rolling consulting experience serving over 1.5 million employees throughout all 50 states. Platinum sponsor of Healthcare Summit 2017.
• APS Marketing GroupminorGTM or Marketing PartnerFull-service marketing agency helping companies make good first impressions and work with brands on reputation control. Platinum sponsor of Healthcare Summit 2017.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• WellSky:
• PointClickCare: Leading cloud-based EHR and care coordination platform for skilled nursing and senior living operators; increasingly layering in revenue cycle and financial workflow capabilities that overlap with LTC's billing and A/R services.

Direct peers

• McBee Associates: Healthcare consulting firm with a deep SNF and post-acute practice delivering outsourced RCM, financial advisory, and operational consulting services. Closest like-for-like peer in business model and target customer.
• SimiTree (formerly BlackTree Healthcare Consulting): Healthcare consulting and RCM firm specializing in post-acute and skilled nursing facility billing, collections, financial advisory, and clinical services. Direct competitor across all five of LTC's core divisions for the same SNF operator buyer.
• BerryDunn: Top-100 US accounting and consulting firm with a dedicated senior living/SNF practice providing outsourced accounting, RCM, billing, and reimbursement services. Direct competitor to LTC's Finance and A/R Billing divisions.

Broad incumbents

• Wipfli LLP: Top-25 US accounting and advisory firm with a significant healthcare outsourcing and consulting practice serving SNFs, senior living, and home health operators with RCM and finance services.
• FORVIS (formerly BKD + Dixon Hughes Goodman): Top-10 US accounting firm formed from the BKD/DHG merger, with a strong healthcare and senior living practice providing outsourced finance, reimbursement, and advisory services to SNF operators.
• CLA (CliftonLarsonAllen): Top-10 US accounting firm with a sizable senior living and SNF practice delivering outsourced accounting, financial reporting, and consulting services. Broad incumbent serving the same buyer personas.
• Marcum LLP: Top-15 US accounting firm with a healthcare practice serving SNFs, senior living providers, and behavioral health operators with audit, tax, RCM, and advisory services.
• Plante Moran: Major US accounting and consulting firm with one of the largest healthcare/SNF advisory practices, providing outsourced finance, RCM, and M&A advisory to skilled nursing operators. Larger scale and broader portfolio than LTC.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCIRoQos5SAdPaBSCVHRVJWg
• Xx.com/ltc_consulting
• Facebookfacebook.com/ltcconsultingservices
• LinkedInlinkedin.com/company/ltc-consulting-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LTC Consulting Services