Comprehensive Outpatient Rehabilitation Facility (CORF)
A Comprehensive Outpatient Rehabilitation Facility (CORF) is an outpatient venue, specifically recognized by Medicare. CORFs are designed to provide a wide array of functional, therapeutic and restorative care services to patients with diverse medical and rehabilitation needs. Product lines often included in a CORF are Medical Day HospitalTM, neurological institute, industrial medicine clinic, bone and joint centers, pain management clinics and complementary medicine programs.
For over 25 years, Murer Consultants has assisted hospitals, health systems, physicians and individuals in establishing CORFs.
Murer Consultants begins with a Master Development Plan (MDP) within the first 30 days of the engagement. The MDP details work plans, assignments and timetables for:
- Product line identifications;
- Organizational structure;
- Space configuration;
- Clinical program development;
- Administration and clinical systems; and
- Continuum of care integration.
Murer Consultants not only provides guidance and direction, but also offers hands-on operational consultation by providing policies, procedures, completed Federal and State licensing packets and the organization of materials for surveys. Additionally, Murer serves as a liaison with State and Federal regulatory agencies regarding licensure and certification issues as well as the fiscal intermediary related to provider identification and reimbursement.
Murer Consultants understands the need for financial parameters and provides a three-year financial Pro Forma that includes the following:
- Projected occupancy volume;
- Gross revenue;
- Net revenue;
- Line item expense;
- Net margin;
- Staffing plan and mix;
- Staffing projections by product line;
- Projected salaries and benefits;
- Payor-mix Depreciation/amortization schedules;
- Start-up costs; and
- Clearly identified financial assumptions.