When a family trusts you with their loved one’s care, Magnolia Fidelity is a name YOU can trust.
At Magnolia Fidelity, we specialize in long-term care facility bookkeeping. Whether your facility functions as a for-profit or not-for-profit entity, we’re here to help you keep your books compliant, your board members happy, and your residents’ funds accurate.
What can Magnolia Fidelity do for your facility?
Just-the-Basics Silver Package
For smaller facilities with minimal needs
$1,295 per month
Design & manage the financial backbone of your facility so monthly reports work for you, tax prep is cleaner, and you stay compliant
Near real-time visibility into cash performance
Verified cash and key account balances as part of month-end closing, resulting in fewer surprises and giving you confidence and peace of mind
Decision-ready, value-packed management reports that are clear, concise, and consistent
Gold Standard Package
For facilities with more activity, multiple donors, credit cards, and bank accounts
$2,495/mo
Design & manage the financial backbone of your facility so monthly reports work for you, tax prep is cleaner, and you stay compliant
Near real-time visibility into cash performance
Verified cash and key account balances as part of month-end closing, resulting in fewer surprises and giving you confidence and peace of mind
Decision-ready, value-packed management reports that are clear, concise, and consistent
Management of accounts receivables and clear visibility into patient aging account balances, allowing for quicker follow-up so your facility collects funds faster
Deeply discounted rates for applicable non-profit facilities for management software
Management of accounts payable so your facility’s bills are entered in a timely manner and you see exactly what is owed and when
Timely budget vs. actual reporting (with applicable management subscription) so you understand where your facility is on track and where you need to focus your efforts to get it back in shape
Platinum Elite Package
For facilities with more activity, a desire for a more comprehensive and personalized picture of their finances each month, payroll needs, numerous loans, credit cards, and bank accounts.
$3,995/mo.
Design & manage the financial backbone of your facility so monthly reports work for you, tax prep is cleaner, and you stay compliant
Near real-time visibility into cash performance
Verified cash and key account balances as part of month-end closing, resulting in fewer surprises and giving you confidence and peace of mind
Decision-ready, value-packed management reports that are clear, concise, and consistent
Management of accounts receivables and clear visibility into patient aging account balances, allowing for quicker follow-up so your facility collects funds faster
Deeply discounted rates for applicable non-profit facilities for management software
Management of accounts payable so your facility’s bills are entered in a timely manner and you see exactly what is owed and when
Timely budget vs. actual reporting (with applicable management subscription) so you understand where your facility is on track and where you need to focus your efforts to get it back in shape
Payroll processing every cycle so employees are paid on time, taxes are handled, and your facility stays compliant (with applicable software subscription)
Design of up to two specialty reports tailored to your facility’s financial goals and answer specific questions so you see what is driving results, giving you the confidence you need to make clear, informed decisions to manage your facility the best way possible for the benefit of your residents
Why Magnolia Fidelity?
At Magnolia Fidelity, we understand the nuances of long-term care facility accounting and bookkeeping. We are well-versed in resident fund liability management, facility resident invoicing and governmental payments, functional expense reporting, budgeting, and non-profit tax form prep assistance. What’s more, facilities that out-source their bookkeeping can save thousands of dollars every year because they’re not paying a full-time employee who may or may not fully understand or specialize in long-term care facility bookkeeping.
