Fhs Consultants

What Fhs Consultants does

FHS Consultants is a privately-held Brooklyn, NY-based healthcare financial services firm operating as a "family of several companies" with over 100 years of aggregate industry experience. Founded in 1991 and employing 11–50 people, the company targets skilled nursing facilities, Managed Long Term Care (MLTC) organizations, Certified Home Health Agencies (CHHAs), Licensed Home Care Services Agencies (LHCSAs), hospitals, and surgical centers across the NYC metropolitan area and Northeast USA. Its service portfolio spans four interconnected lines: healthcare receivables collections and billing, full-service facility business office management, MLTC consulting for member Medicaid eligibility and recertification, and Medicaid application processing delivered through its sister company PIMM Communications — a web-based, paperless platform with NYC HRA EDITS Authorized Submitter status for direct electronic filing into the city's Medicaid Eligibility System.

The company monetizes primarily through a strictly performance-based contingency fee model — clients owe nothing unless FHS successfully recovers funds, and FHS absorbs all collection costs including attorney fees. This pricing structure is reinforced by proprietary technology (PIMM, the HRA-approved EDITS integration, and the Reliable Health Systems Visual A/R management platform) and a direct-sales GTM motion reaching buyers via phone outreach, free consultations, on-site facility visits, and cable TV community outreach. Notable sub-brands include PIMM Communications (Medicaid software) and SeniorCare Medicaid Advisers (consumer-facing asset protection and eligibility planning). The company is founder/CEO-led under Eli Goldbaum with no disclosed external institutional investment, M&A activity, or funding rounds.

Operationally, FHS differentiates on aggressive on-site collection execution, healthcare-specialized attorneys on retainer, and a vertically-integrated service stack that allows clients to outsource billing, collections, payroll, accounts payable, human resources, and managed care contracting under a single vendor relationship. Its regulatory embeddedness through the NYC HRA EDITS approval and its multi-decade local market presence in NYC's skilled nursing ecosystem form the core of its competitive position, though no AI/ML capabilities, geographic expansion beyond the Northeast, or scale-up funding are evident in the available data.

Name

Fhs Consultants

Legal name

FHS Consultants

Website

https://fhsconsultants.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

FHS Consultants is a Brooklyn, NY-based healthcare financial services firm providing contingency-based collections, facility management, MLTC consulting, and Medicaid application processing for skilled nursing facilities, MLTCs, CHHAs, and hospitals across the NYC metro area.

Ownership category

akta.pro rank

Product category

Healthcare Revenue Cycle Management Services

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Patient Financial Engagement (Estimates, Billing Presentment, Payments) (HLACAEAI)

akta.pro secondary industries

Cost of Care, Spend Analytics & Financial Performance Management (HLACAHAJ), Copay Assistance, Patient Support & Affordability Programs (HLAEAKAI)

Keywords

• Healthcare collections
• Medicaid consulting
• Accounts receivable recovery
• Nursing home billing
• MLTC advisory services

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Healthcare Collections - Performance-Based: FHS Consultants operates on a strictly performance-based collection model. The company charges fees only when recovery of funds is attained. There are no fees unless collection is successful. FHS covers all costs incurred in the collection of debt including attorney fees. Clients owe nothing until payment is received.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

FHS Consultants is a family of healthcare financial services companies that pursue delinquent accounts receivable and perform comprehensive billing, collections, and Medicaid-related processing for skilled nursing facilities, MLTC organizations, CHHAs, LHCSAs, hospitals, and surgical centers. Through its affiliated subsidiaries PIMM Communications and SeniorCare Medicaid Advisers, it also provides web-based Medicaid application processing software and asset-protection/eligibility-planning advisory services to individuals and facilities.

Product overview

FHS Consultants is a family of healthcare financial services companies offering a collective suite of services including Collections and Billing (receivables recovery for healthcare facilities), Facility Management (business office administration for nursing homes), MLTC Consulting (Managed Long Term Care advisory services), and PIMM Medicaid Application Processing (web-based electronic Medicaid application software). Additional offerings include CHHA/LHCSA services, SeniorCare Medicaid Advisers (asset protection), and Cable TV Community Outreach. The company operates as a business collective with over 100 years of combined experience in healthcare finance, working together to achieve high recovery ratios for clients.

Differentiator

Problem solved

Functional benefit

Brands

• Family of Companies: A collective of several companies working together to obtain high recovery ratios for healthcare clients, including collections, MLTC consulting, facility management, and Medicaid services.

Products and services

• Collections and Billing Healthcare receivables collection service that pursues delinquent accounts through aggressive, diplomatic, and professional methods, including skip tracing, DMV searches, internet searches, and credit bureau reporting; offered to healthcare facilities on a contingency basis.
• Facility Management Comprehensive business office management for nursing homes and skilled nursing facilities, including billing, collections, accounts receivable, human resources, payroll, accounts payable, sales and marketing, and managed care contracting.
• MLTC Consulting Managed Long Term Care consulting services including Medicaid application processing, recertification tracking, roster checks, pooled income trusts, and upgrading community-based Medicaid coverage to nursing home coverage, with weekly customized eligibility reports provided to MLTC clients.
• PIMM Medicaid Application Processing Web-based paperless Medicaid application processing delivered by sister company PIMM Communications; an Authorized Submitter that interfaces electronically with NYC's Medicaid Eligibility System (EDITS), featuring a single-scan upload, prefilled forms, automated reminders, and a front dashboard tracking case status through approval.
• CHHA & LHCSA Billing and Collection Services Billing and collection services for Certified Home Health Agencies (CHHAs) and Licensed Home Care Services Agencies (LHCSAs), including claims recovery, A/R aging management, and insurance reimbursement assistance.
• SeniorCare Medicaid Advisers (Eligibility Planning and Asset Protection) Medicaid eligibility planning and asset protection services helping clients qualify for Medicaid while retaining hard-earned assets; includes application filing, documentation gathering, and accessing services under "pending" status through partner home health agencies.

Quantifiable outcome

• One of the highest recovery ratios in the healthcare industry
• +1 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Reliable Health SystemscoreTechnology or IntegrationFHS Consultants utilizes Reliable Health Systems Visual software for all business office functions. Visual is a web-based software that affords facilities live access to all data, supporting accounts receivable tracking and management.
• NYC HRA (Human Resources Administration)coreStrategic or Co-development PartnerFHS Consultants developed software that was approved by NYC HRA for their EDITS (Electronic Data Integration Transfer System) program, enabling electronic submission of Medicaid applications directly to the city's Medicaid Eligibility System.
• PIMM CommunicationscoreStrategic or Co-development PartnerPIMM Communications is a sister company within the FHS Consultants family that handles Medicaid application processing. PIMM is an Authorized Submitter of electronic applications that interface with NYC's Medicaid Eligibility System (EDITS). The company provides web-based paperless Medicaid application processing with front dashboard case tracking, prefilled forms, and automated reminders.
• SeniorCare Medicaid AdviserscoreStrategic or Co-development PartnerSeniorCare Medicaid Advisers is part of the FHS Consultants family of companies. SeniorCare helps clients protect assets and plan for Medicaid Eligibility, providing eligibility planning and asset protection services. SeniorCare has helped thousands of people navigate the application process and qualify for Medicaid.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• BESLER Consulting: Healthcare-focused financial consulting firm serving hospitals and health systems with revenue recovery, compliance, and reimbursement advisory services. Directly comparable to FHS in combining domain expertise with healthcare A/R and financial management.
• Avanza Healthcare Strategies: Healthcare consulting firm providing strategic, operational, and regulatory advisory to hospitals, health systems, and post-acute providers. Comparable niche/size focus on healthcare providers with complex reimbursement and regulatory needs.
• Bolder Healthcare Solutions: Healthcare consulting and outsourcing firm focused on revenue cycle management, eligibility, and patient access services for hospitals and physician groups. Closely aligned with FHS's healthcare financial services model.
• CIOX Health: Healthcare information services company providing medical record retrieval, coding, and release-of-information services to providers and payers. Comparable niche specialization serving healthcare provider back-office workflows.

Broad incumbents

• FinThrive: Large healthcare revenue cycle management technology and services company covering patient access, claims management, and A/R recovery. Significantly larger scale but operates in the same end-to-end revenue cycle space as FHS.
• Waystar: Cloud-based healthcare payments and revenue cycle platform serving hospitals and health systems with patient estimation, billing, and claims management. Overlaps directly with FHS's billing/collections work but at much broader scale.
• Experian Health: Healthcare-focused division of Experian offering patient access, eligibility verification, claims management, and patient financial engagement tools. Operates in the same patient financial engagement space as FHS but as a national incumbent.
• R1 RCM: Large-scale healthcare revenue cycle management company serving hospitals and physician groups with end-to-end RCM technology and services. Massive scale relative to FHS but directly comparable in core RCM and A/R recovery activity.
• Parallon: Healthcare business services subsidiary of HCA Healthcare providing revenue cycle, patient access, and operational support to hospitals and health systems. Operates in the same healthcare back-office services category as FHS but as part of a large hospital system.
• Optum: Diversified health services arm of UnitedHealth Group offering revenue cycle management, healthcare financial services, analytics, and consulting at massive national scale. Represents the dominant incumbent competing for the same healthcare financial services wallet.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Fhs Consultants