Health Care

Health Care Brochure


Health care providers face myriad regulations and industry issues. With costs and regulatory scrutiny both on the rise, health care organizations must closely monitor costs, revenues and risks. Add to this an aging population and more patients using Medicare and Medicaid services, and the task of successfully providing services can seem overwhelming.

BKD National Health Care Group has approximately 450 advisors and professionals who work with thousands of health care providers, including hospitals, long-term care centers, skilled nursing facilities, home health agencies, rural health clinics and other health care organizations nationwide. These providers depend on our health care professionals for assurance services, tax advice, financial and strategic planning, financing assistance, compliance issues and reimbursement services.

Health care organizations often face unique and complex tax questions. BKD National Health Care Group can help your organization make sense of changing tax laws that affect health care providers. With their background and training, you’ll experience expertise in the following areas:

  • Planning and structuring transactions to strategically manage tax obligations
  • Obtaining and maintaining tax-exempt status
  • Tax liability
  • Tax planning

Keeping track of revenues is a challenge for any business, but health care providers in particular may need to manage several different cycles. BKD National Health Care Group can help you experience consistency and peace of mind even as you try to juggle multiple processes. Our expertise can apply to the following:

  • Streamlining the revenue cycle process
  • Improving documentation and billing realization
  • Identifying compliance and revenue improvement opportunities through reviews of charge description masters, APC coding and billing, DRG assignments and concurrent coding
  • Identifying and implementing strategies to decrease accounts receivables and improve collections
  • Performing managed care payment audits
  • Providing billing assistance and outsourcing for long-term care, home health and hospice organizations

The right software choices and technology tools can streamline a health care organization. BKD National Health Care Group can assist your organization in experiencing efficiency. Our well-trained experts can take on the following:

  • Strategically evaluating systems based on current and future needs
  • Assisting with vendor selection and software and hardware implementation
  • Providing HIPAA technology, patient confidentiality and education solutions
  • Providing data extraction, security and continuity planning services

We know information technology is a challenge for many health care organizations, but we’re also aware of the opportunities it provides for greater efficiency and effectiveness.  For more information on how BKD can help, visit BKD Technologies.

Health care providers have diverse financing and financial planning needs. BKD National Health Care Group can help you experience insight when it comes to managing your current finances and planning your financial future. Our experts can help with the following:

  • Preparing prospective financial statements
  • Analyzing capital financing alternatives such as traditional bonds or other financing
  • Assisting with operating and capital budgets
  • Organizing and facilitating leadership retreats
  • Preparing strategic business plans
  • Identifying clinical service growth priorities
  • Preparing debt capacity studies

Medicare and third-party reimbursement issues can be among the most complex and dynamic health care providers face. With BKD National Health Care Group, you can experience peace of mind as you navigate these systems. Our large team of skilled professionals can help in multiple areas, including the following:

  • Exploring reimbursement alternatives while preparing interim and year-end cost reports
  • Evaluating reimbursement changes created by constantly changing laws and regulations

Health care providers need auditors who understand health care operations and risk. BKD National Health Care Group performs audits for thousands of health care providers nationwide. Our clients range from multifacility health systems with more than $2 billion in revenues to critical access hospitals, rural hospitals, community health centers, long-term care facilities, home care agencies and other health care providers. Our extensive background in both audit and assurance will let you experience leadership and expertise.

BKD’s auditors are trained to address such specific health care risk areas including:

  • Accounts receivable valuations
  • Third-party settlements
  • Malpractice reserves
  • Investment valuation
  • Revenue recognition
  • Internal controls
  • Employee benefit plans

Eddie Marmouget

National Industry Partner
Consulting

Eddie Marmouget

National Industry Partner

Consulting

Health Care

910 E. St. Louis Street, Suite 200
P.O. Box 1190
Springfield, MO 65806-2523

Springfield
417.865.8701

The BKD Corporate Finance team did an excellent job representing the financial interest of McCune-Brooks Regional Hospital in the transaction. The Board of the city-owned, not-for-profit hospital had a fiduciary duty to ensure long-term access to health care in the community. Although we knew who the likely party was going to be in the transaction, BKDCF used their expertise in health care transactions to negotiate the financial components of the transaction from a position of strength. The BKDCF team did an excellent job managing the process, helping to achieve an outcome that was approved unanimously by the Board.

— Doug Culver, CFO
McCune-Brooks Regional Hospital
Carthage, Missouri

I have used BKD at two different facilities for a full range of financial services. Their professionals have provided us with audit, tax, coding and billing and cost report services and have assisted us in operations management and revenue enhancement. Routinely, implementation of their recommendations had a positive influence on the financial outcomes of our programs.

— Brooks Miller, Executive Director
Jordan Valley Community Health Center
Springfield, Missouri

The people at BKD are a great asset. Our advisor is easy to work with and very knowledgeable. He is accessible and takes the time to teach and advise, showing he really cares about our business.

— Mina Acquaye, Chief Executive Officer
Excell Home Care
Oklahoma City, Oklahoma

Catholic Health Partners is an important client—that’s the clear message I get from BKD. From partner interaction to the hands-on involvement and accessibility of senior-level and other personnel, theirs is an adept team effort that works very well. They are highly responsive to our needs. I also appreciate the wide range of BKD services I can use for more complex business issues.

— Scott D. Schitter, CPA
Corporate Director of Reimbursement & Tax Services
Catholic Health Partners
Cincinnati, Ohio