Why Healthcare Providers Need IRO Expertise for OIG Audits
Manage risk & growth while preserving financial health.
In today’s constantly evolving healthcare space, providers and supporting organizations are under constant pressure to improve care quality while simultaneously improving efficiency and reducing costs. Management must also remain vigilant with respect to corporate compliance in a complex regulatory environment.
These challenges require organizations to constantly monitor and adjust their approach to protect the organization’s assets and reputation. With our considerable healthcare industry experience, Bennett Thrasher can help you understand these risks and focus on growth.
If you would benefit from the assistance of dedicated healthcare accountants and consultants, we can help. Contact Patrick Braley, Michael Dukes, Matthew Grosvenor, or Chris Roane to schedule a consultation.
We offer comprehensive corporate compliance, transaction advisory and strategic services for the healthcare industry, including medical practices, dental practices, and more. Our experiences in these areas also provide value to our clients as part of traditional healthcare audit and tax engagements. While we tailor our engagement to your organization’s needs, our services include:
Proactive compliance is essential to achieving your organization’s goals. The regulatory landscape for healthcare providers and payers has never been more treacherous, especially when it comes to Medicare and Medicaid fraud and abuse. One misstep can lead to settlement payments and fines, protracted legal battles and a ruined reputation – not to mention the possibility of being excluded from Medicare and other federal healthcare programs.
Bennett Thrasher goes beyond providing traditional accounting services to truly understand healthcare organizations’ regulatory challenges. Our strategic consulting can help you prevent and detect violations and respond appropriately.
Corporate mergers and acquisitions are strategic transactions critical to capitalizing on growth opportunities and enabling your organizational goals to be achieved.
Healthcare providers considering acquiring or joining a hospital system or taking on a private equity investment need guidance to structure the transaction in a way that maximizes their after-tax return on investment.
On the buy-side, hospital systems and private equity groups need thorough due diligence to validate the financials and evaluate business trends that can affect a target’s earnings quality. On the sell side, stakeholders need advisory services to maximize asset value and facilitate an efficient and timely transaction.
Whatever your transaction needs, Bennett Thrasher can bring value to your organization with our deep understanding of the healthcare industry based on years of serving clients throughout the country.
“The transfer pricing audit ended after the German tax authorities reviewed our Local File. It might have been the best money I have ever spent.” – Feedback from Finance Director of Irish Multinational in Healthcare Industry following a transfer pricing audit in Germany
“Ben and his staff have been fantastic. They have been very professional and extremely patient as we navigate through our transaction and the planning process.”
“We are incredibly grateful for the partnership, support and collaboration of you and your team…Your professionalism and collaboration truly made the difference for the Company, our teams and our leaders.”
“As always, we very much appreciate your hard work and the hard work of the entire BT team.”
“In the past, I have used two of the top four national accounting firms for advice. I have found Jeff Call’s firm Bennett Thrasher, the most responsive, always available and very, very helpful. Once I’m not around, I’m certain my state trustee will continue to rely on Jeff’s firm.”
“Bennett Thrasher provided exceptional second mile audit services for Trilith Studios. Their team was thorough, knowledgeable, demonstrated a high level of attention to detail and provided clear communication throughout the entire process. We highly appreciated their collaboration and the professional service they provided throughout the entire audit process.”
“Just when you have self-assessed your company to possibly be the worst client ever, the Staff at Bennett Thrasher make you feel like you are their most important and beloved client. That ability is an attribute you don’t see in many accounting firms.”
Why Healthcare Providers Need IRO Expertise for OIG Audits
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