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SERVICES

RK2 is an advisory practice assisting you with process improvement, project management and reporting & analysis.

We help organizations achieve their goals, work more effectively and make decisions based on solid evidence.

Our people are collaborative, objective and persistent, informed by years of experience serving the needs of finance and IT leaders.

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Process Improvement

RK2 specializes in streamlining back-office processes. These are typically performed by knowledge workers in finance and IT environments and are often characterized by low levels of standardization, high levels of abstraction and overall lack of transparency.

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While we are proficient with rigorous process improvement methodologies, particularly lean process improvement, RK2 takes a practical approach.  We focus on making the process visible and then facilitating a collaborative effort to simplify, reduce manual effort, improve quality, strengthen internal control, and make effective use of information technology.

 

RK2 tailors its solutions to your needs, not our service listing.  We work at ground level, side by side with your people, with an overriding commitment to quality.

Back office processes:

 

  • Year-end close and account reconciliation processes

  • Budgeting processes

  • AP automation (scan, capture, and storage)

  • AP approval processes

  • Fixed asset processing and reporting

  • AR reserve processes

  • Long range financial planning processes

 

We also work alongside continuous process improvement teams to improve surgical, clinical, and other operational processes in healthcare delivery.

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Project Management

RK2 supports clients at every stage of the project lifecycle with special emphasis on project planning, project management, and project accounting. We take a risk-based approach to project planning to identify and address potential issues in advance, before your organization commits to a project.

 

Our project managers very often come with subject matter expertise, as well, and we are comfortable filling hybrid or utility player roles in support of your project.

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On larger projects ($10 million +), we have deep experience establishing and operating the project accounting and reporting function alongside the project management team.

Areas where we provide support include:

 

  • Coordinating software selection processes

  • Requirements gathering, demo scripts and software evaluation

  • Serving as project manager or project liaison to a project management team

  • Writing project charters and plans

  • Developing project budgets

  • Analyzing major project issues and recommending ways forward

  • Establishing project accounting and reporting processes

  • Organizing and operating PMO functions

  • Providing analytical support for project portfolio management

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Reporting & Analysis

RK2 helps bring clarity to your decision-making process, using the tools you already own to get the information you need. We bring an objective, third-party perspective to a wide range of reporting and analytical projects.

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We have special expertise in cost measurement in healthcare using methods such as Time-Driven Activity-Based Costing (TDABC). Understanding the cost of healthcare delivery is essential to bending the cost curve.

Examples include:

 

  • Measuring process and service line costs

  • Developing cost-sharing agreements and cost-allocation methodologies

  • Organizing benchmarking efforts

  • Performing analytical procedures pursuant to disputes or litigation

  • Writing SLAs for organizations providing shared services

  • Automating desk procedures using office tools like Excel and Access

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