Records related to accounting, legal, personnel, and property matters are retained according to the following schedule:
1) Accounting records such as annual financial reports, general ledgers, accounts receivable/payable records, and payroll records are retained permanently or for 7-10 years depending on the type of record.
2) Legal documents such as partnership agreements and copyright materials are retained permanently, while correspondence is kept for 1-7 years.
3) Personnel records for current employees are retained permanently, while post-employment records are retained for 3-7 years.
4) Property records like equipment records, warranties, and insurance documents are retained for 1-10 years depending on the type
Promantra Inc is a 12 year old Long Term Care BPO company having proven expertise in AR and Billing services for Long Term Care Facilities and a good track record in recovering money from Old or Denied AR for our Long Term Care clients.
We can help you protect your client's facilities against billing losses by correctly filing the claims, back-billing and handling collections by following up until your claims are paid.
Below are the LTC billing and reimbursement services we offer:
1. We bill for Medicare (Part-A and Part-B), Medicaid, Insurance, and Co-Insurance for third party or private payers.
2. Opportunities for improvements to comply with Medicare and other Payor requirements.
3. Act upon primary, co-insurance and deductible claims.
4. Invigorate Claims re-submission for denials or incorrect payment of Medicare, Medicaid or other third-party Payor claims.
5. Monitor billing collections and suggesting amounts to be written off on Payor-regulated time lines.
We provide the LTC billing services using our proprietary software GeroPro. For more information on GeroPro, please visit our site www.geropro.net
For more information on LTC billing services, please visit our main site www.promantra.us
Contact Information:
Chirag Patel
Director - Business Development
Email: chiragb@promantra.us
Phone: +1-732-917-7077
Website: www.promantra.us
Website: www.geropro.net
Promantra Inc is a 12 year old Long Term Care BPO company having proven expertise in AR and Billing services for Long Term Care Facilities and a good track record in recovering money from Old or Denied AR for our Long Term Care clients.
We can help you protect your client's facilities against billing losses by correctly filing the claims, back-billing and handling collections by following up until your claims are paid.
Below are the LTC billing and reimbursement services we offer:
1. We bill for Medicare (Part-A and Part-B), Medicaid, Insurance, and Co-Insurance for third party or private payers.
2. Opportunities for improvements to comply with Medicare and other Payor requirements.
3. Act upon primary, co-insurance and deductible claims.
4. Invigorate Claims re-submission for denials or incorrect payment of Medicare, Medicaid or other third-party Payor claims.
5. Monitor billing collections and suggesting amounts to be written off on Payor-regulated time lines.
We provide the LTC billing services using our proprietary software GeroPro. For more information on GeroPro, please visit our site www.geropro.net
For more information on LTC billing services, please visit our main site www.promantra.us
Contact Information:
Chirag Patel
Director - Business Development
Email: chiragb@promantra.us
Phone: +1-732-917-7077
Website: www.promantra.us
Website: www.geropro.net
Smart genie – service offering for Corporate Law services ensuring end to end responsibility of the compliances with the blend of our rich domain knowledge and the robust technology
The foundation of a successful social media strategy is having something to say and more importantly having people respond, connect, and interact with your content. One of the most common comments I have heard from clients is I don’t know what to say / post.
In this presentation you will learn a tips from a fellow business owner / social media enthusiast on how to:
• Find great content to establish yourself as a leader / expert in your field of expertise.
• Bringing that content to one location for review using an igoogle page and rss feeds.
• Capitalizing on advanced twitter searches to search for relevant content, potential networking connections, clients and more.
• Create a library for your content posts for bulk uploading / scheduling to make your social media strategy manageable.
Smart genie – service offering for Corporate Law services ensuring end to end responsibility of the compliances with the blend of our rich domain knowledge and the robust technology
The foundation of a successful social media strategy is having something to say and more importantly having people respond, connect, and interact with your content. One of the most common comments I have heard from clients is I don’t know what to say / post.
In this presentation you will learn a tips from a fellow business owner / social media enthusiast on how to:
• Find great content to establish yourself as a leader / expert in your field of expertise.
• Bringing that content to one location for review using an igoogle page and rss feeds.
• Capitalizing on advanced twitter searches to search for relevant content, potential networking connections, clients and more.
• Create a library for your content posts for bulk uploading / scheduling to make your social media strategy manageable.
1. Records Retention Schedule
Retention Description Retention period in years*
Description Period in
years*
Annual Financial
Reports
Accounting Records Firm tax returns,
General ledger Permanent annual
10 (3 in office; statements, and work
Accounts Receivable
7 in storage) papers- operating
offices and
10 (3 in office;
Accounts payable consolidated Permanent
7 in storage)
Clients' invoices 7 Monthly of Periodic
Financial Reports
Payroll records
Other periodic
(journals,
financial
ledgers, W-2s, 940s,
reports 3
941s, Permanent
etc.) Supplemental
Data transmittal (in Accounting
central Data
processing system) 7 Daily cash reports,
remittance
Expense reports 7
advices, and bank
Time reports 7 deposit
Other charges to slips 1
clients’ 7 Vendors’ invoices and
voucher petty
Bill draft 7 cash slips 7
Voucher check copies 7 Current Legal
Canceled checks, bank Documents
statements, and deposit 10 (3 in office; Partnership
slips 7 in storage) agreements or
Journal voucher Permanent corporate documents Permanent
Interoffice client Special contracts Permanent
7
charges Noncurrent Legal
Client coding form- documents
1 + current
masters Partnership
Payroll data and agreements or
7 corporate documents -
authorization
Correspondence 1 + current superseded Permanent
2. Cash receipts and Personnel: Post-
disbursements journals Permanent Employment
Billed accounts Counseling records 7 (after termination)
receivable 6 (after
aged trial balance 7 Disability benefits
expiration/settlement)
Client unbilled Discrimination
receivables 3-4 (after settlement)
charges
ledger 7
Education, training,
Unbilled accounts and 7 (after termination)
receivable CPE records
status 7
Employee contracts 7 (after termination)
Employee time analysis 7
Employee medical
Analysis of billing 6 (after termination)
7 history
adjustments
INS 1-9 forms.
Client charges and Complies 3 from date of filing or 1
billing 7 with Immigration year after termination,
report termination) Reform & whichever is longer
Analysis of gross and- Control Act
net fees Performance reviews 7 (after termination)
by service
Personnel data,
classification 7
applications,
Depreciation schedules Permanent and contracts-present
Accident reports and 6 (after employees Permanent
claims accident or
settlement)
Personnel: Post-
Employment
Accounting Records Personnel data,
Partnership or applications,
corporate and contracts-former
records, including employees 7 (after termination)
local, state Salary rates and
and federal licenses, 3 (after termination)
changes
annual
Personnel: Pre-
reports, capital stock
Employment
and
bond ledger, canceled Position applications,
stock resumes, tests, or other
and bond certificates, job
articles advertisements and
of incorporation, replies
bylaws and relating to employees 7 (after termination)
minutes from partner Position applications,
meetings resumes
or stockholder and or other job
director advertisements
meetings Permanent and replies relating to
non-employees 1 (after completion)
3. Legal correspondence, Promotion, demotion,
including those layoff,
pertaining to or discharge of an
copyrights, permits, employee 7 (after completion)
and bills Miscellaneous
of sale Permanent Firm meetings files
5 (after (annual
Equipment records
disposition) and special meetings) 7
Warranties and service 1 (after Attendance records 7 (after termination)
agreements expiration) New business reports 7
(until Interoffice
User’s manuals 7
disposition) correspondence
Insurance documents,
Bulletins to clients,
including policies,
firm
reports, 3-10 (after executives, and staff 7
claims, and coverage expiration or
information settlement) Firm publications,
including
10 (after promotional and
Leases and contracts
termination) recruiting
Property records, brochures, personnel
including guide,
blueprints, appraisals, and client newsletter 7
and
permits Permanent
* Ordinarily, canceled checks and paid vendors’ invoices are destroyed after seven years.
However, checks and invoices for purchase of assets, where the determination of basis might
be important in the future, are retained indefinitely.