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For over 30 years, MFR Consultants has been a leader in providing integrated Information Technology and Business Advisory Services.

Our Mission We empower our clients to create meaningful solutions to successfully meet their challenges.

Our Vision To leave a lasting, positive impact on our people, our clients, and our world.

We provide innovative, strategic solutions that create value and align business initiatives with performance outcomes, to clients worldwide.

Clients Served

What’s New with MFR

  • MFR’s Data Privacy Tips

    1. Be search engine safe. It’s one thing to browse and quite another thing to buy something online. It’s easy to get scammed if you are not familiar with purchasing online or if you are purchasing from a new website or not a major online retailer such as Walmart, Amazon, Ebay, etc… Search engines can lead you to fake landing pages that seem like the true site you intended to visit. If you see a deal at an online retailer through a search engine, go instead directly to the online retailer’s secure https// page. And, if you are on your mobile device, it’s safer to enter your intended retailer’s environment through their app. 2. Use two-factor authentication. This adds extra security to your logins making it more difficult for hackers to get into your online accounts. It’s usually as simple as registering a phone number to the online or mobile application. 3. Make sure your antivirus software is up to date. Whether it’s something you purchase online or through your internet service provider, current antivirus software protects you, and your network. Most operating systems now come with antivirus pre-installed. 4. Start using a digital vault. Think about all of the passwords you have to manage. Can you really remember them all? Do you get a little lazy and just make a one character change when you are asked to update your password? There are free utilities that can help you create unique passwords for each site you login to while keeping track of all of those passwords for you. These sites also provide a safe place to store other sensitive data like credit card, social security, drivers license and passport numbers. Just don’t forget to remember your password to the vault. 5. Don’t be a phishing victim. Many of us have seen those emails that look like they come from our bank but are really scammers trying to get personal information. Even worse is spear phishing where the scammer has acquired some real personal information about you and then emails you encouraging you to click on a link that leads you to a site full of malware. Never click on links through an email, even from contacts as those can be sometimes faked from a scammer. 6. Use a safe WiFi environment. Make sure that your router is using the safest security protocol available. WEP (Wireless Equivalent Protocol) is common, but has known weaknesses. WPA (WiFi Protected Access) or, even better, WPA2 is stronger. Use your phone data instead of connecting to public WiFi networks if possible. Once you connect to a public WiFi network your phone or laptop becomes vulnerable. 7. Limit and protect personal information on social media. Make it harder for hackers by not sharing personal identifying information through sites like Facebook, Twitter and Instagram. Such information can be used as answers to security questions on banking and other sites where you want your data protected. Look at your privacy settings for each online application and think “Do they really need to know that about me?” …

  • SASB Standards: A Brief Overview

    As Environmental, Social and Governance (ESG) reporting and disclosure are becoming more widespread and organizations are evaluating which of the many available standards and frameworks to apply, the Sustainability Accounting Standards Board (SASB) has emerged as the standard setter with the most specificity in terms of what to report and how to measure it. But what exactly is the SASB? The SASB is a non-profit organization providing standards that guide the disclosure of material sustainability information by companies to investors. In response to calls for more clarity and simplicity in ESG reporting standards and frameworks, SASB merged with the International Integrated Reporting Council (IIRC) in summer 2021 to form the Value Reporting Foundation (VRF). This merger did not impact the SASB standards setting process or existing standards. What do SASB standards include? Rather than taking a “one size fits all” approach to reporting ESG topics, SASB has tailored its standards for each of 77 industries. For example, a healthcare delivery provider seeking to adopt the relevant SASB standards can expect to report about: • Energy Management • Waste Management • Patient Privacy and Electronic Health Records • Access for Low-Income Patients • Quality of Care and Patient Satisfaction • Management of Controlled Substances • Pricing and Billing Transparency • Employee Health and Safety • Employee Recruitment, Development and Retention • Climate Change Impacts on Human Health and Infrastructure • Fraud and Unnecessary Procedures Within each of these categories are specific accounting and activity metrics. Accounting metrics are intended to measure performance, while activity metrics quantify the scale of a company’s business and are intended for use with the accounting metrics to facilitate comparison with other organizations. The accounting metrics are accompanied by technical protocols that provide guidance on definitions, scope, implementation, compilation, and presentation. Some of the accounting metrics are quantitative and some are qualitative. In total, there are 25 accounting metrics across the topics listed above for healthcare delivery providers. For the Pricing and Billing Transparency topic, for example, qualitative metrics include discussion of the organization’s policies or initiatives to ensure that patients are adequately informed about price before undergoing a procedure, and how pricing information for services is made publicly available. The quantitative metrics for this topic are the number of the entity’s 25 most common services for which pricing information is publicly available, and the percentage of total services performed (by volume) that these represent. For healthcare delivery providers, activity metrics include: • number of facilities by type; • number of beds by type; • number of inpatient admissions; and • number of outpatient visits. Where can I find the SASB standards? If your organization is considering or curious about ESG reporting, reviewing the applicable SASB standards is a key step. The SASB standards are available free of charge on SASB’s website. Not sure where to start? MFR’s ESG Team can help your organization navigate the complex and rapidly evolving ESG reporting landscape. Get in touch with us here.…

  • Introducing MFRInsights

    Welcome to MFRInsights, MFR’s blog about the emerging trends and topics that have our team engaged right now – including digital transformation, distributed ledger technology, and the impacts of the ongoing evolution of environmental, social, and governance (ESG) considerations on our clients. In this inaugural post, we’ll share why these are our current focus areas. Digital Transformation Digital transformation has long been a buzzword. Without a thoughtful, holistic and integrated approach, however, organizations can end up with nothing more than a flashy, digital front-end to an inefficient, ineffective process. This is the digital equivalent of wallpapering over the holes in the wall rather than fixing them. Digital transformation has our attention now because, as organizations grapple with setting themselves up for success in the “new normal” of hybrid remote and in-person work arrangements, and funding for IT infrastructure improvements becomes available for state and local governments, many are contemplating large-scale transformation projects in the near-term. We are focused on how we can support our clients in accomplishing their transformation objectives. At MFR we believe that there are three critical success factors to digital transformation. First, you have to start from where you are – all true transformation needs to begin with a clear understanding of existing processes and systems. Second, active participation in the envisioning of the desired future state by all impacted stakeholders is necessary for success. And third, transformation literally means change, and therefore change management needs to be integrated throughout the process. Distributed Ledger Technology Although it is sometimes used synonymously with cryptocurrency, distributed ledger technology (a.k.a. blockchain) has use cases far beyond decentralized finance, including healthcare records, digital credentials and identity, digital contracts, grants management, e-voting, property records, and energy trading, to name just a few. Distributed ledger is on our minds these days because for both private and public sector organizations, it is another tool in the digital transformation toolkit worthy of consideration. We’re monitoring the progress of pilot projects such as those at the federal Department of Homeland Security and Treasury Department, as well as numerous state and local governments in this rapidly evolving area. ESG Transparency and accountability around ESG are hot topics for investors, who are increasingly (and successfully) applying pressure to regulatory agencies to require more reporting and disclosure for publicly traded companies. As the Government Finance Officers Association has stated, as municipal debt issuers with reporting obligations to bondholders, state and local governments should also proactively consider how to best report ESG-related matters. There is an “alphabet soup” of ESG frameworks and standards setters including VRF (resulting from the merger of SASB and IIRC), TCFD, WDI, CDSB and others that is just beginning to settle out. Additionally, there is a proliferation of third-party ratings providers that run primarily publicly available data through proprietary methodologies to score organizations’ ESG performance. While it may be tempting to wait until the requirements are more defined, we’re thinking about ESG now because we believe now is the time for organizations, whether for-profit, not-for-profit, or governmental, to get ahead of the curve and take ownership of their own ESG story. We’re developing tools to help. Is digital transformation, distributed ledger, or ESG on your mind too? We’d love to hear from you. Contact us here, or follow us: …

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