Summation Financial Services

Summation Financial Services delivers back office services for SNF and LTC facilities. We help healthcare companies maintain financial health and healthy, sustainable growth. To sum up, if you need an experienced financial services team with a proven track record of success to ensure the success of your operations and to help you scale up, contact us today to learn more.

Our Team

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Marc Schiowitz CPA, MBA

President and Chief Financial Officer

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Marc Ricciardi

Vice President of Finance

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John Thompson

VP, Revenue Cycle Management

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Paul Omrod

VP of Reimbursement

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Sam Dachs

Director of Payroll

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Yehuda Freund


Sum and Substance

Summation Financial Services knows the healthcare industry like no one else. Let us help you streamline your business. Our services includes:

Collect every dollar you deserve

  • Maximize collection capability
  • Revenue Recovery
  • Billing management
  • Claim monitoring
  • Follow up and collections
  • Assisting in Medicaid applications

Cash management is one of the biggest challenges for operators. We will help you plan cash daily, weekly, and monthly.

  • Manage cash daily, weekly, and monthly
  • Manage bank loans and revolving credit agreements - base certificates, cash draw requests, and covenant compliance
  • Daily book balances
  • Payroll account funding
  • Resident account funding
  • Bank account reconciliation
  • Check-run reviews

Have the data you need at your fingertips to make the right decisions

  • Month End Close
  • Financial Statement Preparation
  • Assessment Tax Filing
  • Use Tax Filing
  • Cost Report Coordination
  • Audit and Bank Exam
  • Budgeting
  • Periodic comprehensive review and financial analysis of your company

Ensure all your employees are compensated according to their employment agreements and benefit selections. Keep your staffing costs under control.

  • Payroll and labor management
  • Manage employee compensation, benefits, and withholdings
  • PBJ filing
  • Reduce staffing and overtime costs

We’ll not only review and pay your invoices, but we’ll help manage relationships with your vendors.

  • Review and pay your invoices
  • Manage vendor relationships
  • Manage cash flow

  • Timely Cost reports
  • Accurate regulatory filings
  • Rate sheet reviews

    Summation Financial Services utilizes an in-house team of billing experts in long term care services to handle all of your billing and collections needs. We will streamline your billing process, educate on best practices and track all claims to optimize cash flow.

  • Budgeting
  • Financial Analysis
  • Financial Consulting