Providing the hands-on experience and technical skill required by our healthcare clients in:
Hospitals operate in a highly concentrated industry, with the top 50 hospitals accounting for more than 30% of total hospital revenue. Like all healthcare providers, hospitals can lower the amount of write-offs from uncollected bills by working with federally or state-run insurance programs to increase the number of patients covered. This increases their exposure to federal and state regulations covering their operating, accounting and billing procedures.
BDO brings industry perspective and experience to help you chart a profitable path in relatively uncharted seas. Our professionals provide swift resolution of technical issues and questions through partner-led client service teams, direct access to technical leaders, and the resources of our global network in more than 100 countries. In addition to assurance and tax services, BDO can help you with a full array of services including due diligence, valuations, billing and reimbursement, HIPAA consulting, operational consulting, and physician and hospital relationships.
Beyond traditional audit, tax and consulting work, some of the specific ways BDO can help hospital clients include:
- Revenue cycle consulting
- Analysis of revenue recognition and reimbursement issues
- Preparation and assistance with Medicare and Medicaid cost reports
- Analysis of third-party payer reserves
- Market and financial feasibility studies
- Operational benchmarking
- Increasing the efficiency/effectiveness of medical records documentation
- Internal controls and related consulting projects
- Assistance with tax-exempt bond transactions
- Board and management education seminars
- A-133 and other governmental services
