Increase efficiency. Lower costs. Improve care. These are just some of the mounting pressures healthcare executives face. With so much uncertainty in this complex environment, do you feel confident in your organization’s ability to stay ahead? Our experience helps your organization focus on clinical quality and patient satisfaction while improving margins.
With a history of high-quality, proactive audit and tax work — alongside a full line of tailored consulting solutions — we help our clients build sustainable organizations that will thrive as the industry transitions to value-based care.
Our healthcare practice is one of the leading national financial and operational consulting practices, serving over 2,000 clients across the entire healthcare continuum. Our clients are large health systems, community hospitals, skilled nursing facilities, independent and assisted living facilities, home health and hospice agencies, medical groups and physician practices, health plans, community-based service providers, and private equity groups.
You have complex needs and require a partner you can trust. We’ll be that partner.
Services across the continuum
We’ll help you with:
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Strategy, operations, & process improvement: Are you struggling to address critical challenges, use benchmark data to improve your operations, and position your organization as an innovator? Using our unique process improvement methodologies, we’ll help identify challenges and provide specific strategies and tactics to help you achieve better market position, effective partnerships, efficiency in your OR and ED, improved patient outcomes, workforce engagement, and revenue cycle management.
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Labor management: Are you struggling to achieve productivity targets and control labor costs? A comprehensive, sustainable strategy is about more than just cutting costs. We’ll collaborate with you to look beyond healthcare analytics and investigate the most substantial factors driving labor costs. With a pragmatic approach to implementation, we’ll work side by side with you to improve labor management and achieve lasting results.
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Reimbursement & payment advisory: How do you improve care and reduce costs when reimbursement rates aren’t keeping up with inflation? Our reimbursement experts will optimize your Medicaid and Medicare reimbursements and help you better understand changes related to managed care pricing and costing. We do more than provide timely, accurate reports. Our reimbursement specialists analyze your cost reports, compare them to benchmarks when appropriate, and deliver actionable items to improve your operations and finances.
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Regulatory compliance: Healthcare compliance isn’t an option; it’s the law. We’ll help you create an effective — and efficient — compliance program, assessing against the OIG seven elements. We provide a risk analysis and prioritization plan, audit plan development, corrective action plan advice, and tailored education for your workforce. From HIPAA and HITECH compliance, to cybersecurity assessments, internal controls, and corrective action plans, we’ll leverage leading technologies and develop practical solutions that minimize your risk and achieve compliance. Our team of experts have J.D.s with health law certifications, as well as CHC and CPC credentials.
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Information technology: The right technology — including EHR and ERP systems — can help you work more effectively and efficiently. But, finding the right system, supporting it with the right infrastructure, leveraging best practices, and adapting it to fit your organization’s unique needs is a complex process. Our IT strategy and cybersecurity experts guide and support healthcare executives as they enhance infrastructure, security, and electronic health records (EHR), and they establish standards to ensure integration and data sharing.
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Restructuring & transformation: Are you questioning the long-term sustainability of your organization? Even profitable healthcare providers can miss early distress signals. Our experienced team brings financial, operational, and clinical strategies to healthcare entities, working together to find a sustainable path forward.
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Forensics & valuation: Acquisitions, divestitures, and joint ventures are integral components of most healthcare organization’s strategic plans. We’ll help you navigate the lengthy and complex transaction process to ensure all parties have reasonable expectations regarding the fair market value of the target entity. Our intimate knowledge of numerous compliance considerations and accounting standards will help guarantee a successful transaction.
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Audit: Are you receiving value beyond compliance from your audit team? We tailor our risk-based audit process in response to your situation, clearly communicating along the way, and delivering on-time completion and actionable insights. We specialize in financial statement audits, single audits, employee benefit plan audits, and HUD audits.
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Tax planning, structuring, & compliance: Are you leaving tax-saving opportunities on the table? Our tax experts have industry-specific knowledge and consistently evaluate and monitor tax law changes for healthcare and insurance organizations. From Forms 990, cost segregation studies, and consulting on unrelated business activities, to helping multientity organizations create tax efficient structures, we’ll ensure your tax position is optimized.
- Transactions: In today’s fast-paced deal environment, transactions happen quickly. As your single solution for transaction management and integration, our healthcare transaction experts provide the insight and details you need to make well-informed decisions. Whether you are looking for buy-side diligence or sell-side diligence, our experts will tailor their approach to the unique dynamics of your healthcare transaction.
