Health Care Payment Reform Center
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Audit & Assurance

Your health system is focused on growth, while lenders and rating agencies are focused on your financial statements. That’s why you want reputable auditors who issue reports that inspire confidence, understand the nuances of health care and have a track record of excellence.

Experience translates into value, which is why our professionals have provider-type specialization that brings insight beyond the report to help you to identify opportunities. Our dedicated health care team allows you to invest your time in growth strategies instead of educating audit staff and transitioning another audit firm.

Financial Statement Audit

During our audit procedures, we’re looking for more than findings to report. We’re looking for opportunities to advise you on more efficient ways to address regulations and provide suggestions for operational and financial reporting improvements.

One of the hallmarks of our audit approach is working through issues with our clients year round. From staff to partners, we’re available to share advice and act as a sounding board while you weigh various accounting and operational decisions.

Our experience provides valuable insight into risk areas like:

  • Accounts receivable valuations
  • UBI
  • Insurance reserves
  • Internal controls
  • Investment valuation
  • Revenue recognition
  • Third-party settlements

Employee Benefit Plan Audit

BKD audits more than 1,200 employee benefit plans a year, helping clients with complex and specialized accounting, financial reporting, tax (plan qualification) regulations and legal requirements. Auditor expertise is especially critical in this area because the U.S. Department of Labor (DOL) scrutinizes the filed annual reports and can fine the plan administrator for deficiencies in the audited financial statements. DOL also can review the audit workpapers for adherence to professional standards.

340B Program Audit

When we say our professionals are dedicated to the industry, we mean it. Our BKD trusted advisors chair prominent boards, task forces and accounting associations. Here’s a closer look:

  • Chief Operating Officer Eric Hansen has been selected to serve as chair of the AICPA Board of Directors.
  • Houston Managing Partner Kimberly McKay is chair of the AICPA Health Care Expert Panel and serves on the Health Care Audit Guide Committee, which proposes changes to the AICPA Health Care Entities Audit & Accounting Guide. She’s also a member of the Principles and Practices Board of the Healthcare Financial Management Association (HFMA), chairs the AICPA’s Health Care Entities Revenue Recognition Task Force and was recently appointed to the Financial Accounting Standards Board Not-for-Profit Advisory Committee.
  • Tulsa Partner Kevin Gore is a member of the Governmental Accounting Standards Board Fiduciary Responsibilities Task Force.
  • Tulsa Partner Carley Williams is an elected national HFMA board member.
  • Kansas City Partner Mike Engle is a member of the IRS Advisory Committee on Tax-Exempt and Government Entities.
  • Oklahoma City Director Bob Lane is a member of the American Health Care Association’s (AHCA) Quality Improvement Committee.
  • Tulsa Managing Director Lori Brunholtz is a member of the AHCA’s Finance Committee.

HUD Audit

Many of our clients finance their operations through a variety of methods, including bonds and various federal loan programs administered by the U.S. Department of Agriculture and U.S. Department of Housing and Urban Development (HUD). We can leverage this experience and provide tailored solutions through our HUD audits that meet your diverse needs.

Nationally Recognized Expertise

Many of our clients finance their operations through a variety of methods, including bonds and various federal loan programs administered by the U.S. Department of Agriculture and U.S. Department of Housing and Urban Development (HUD). We can leverage this experience and provide tailored solutions through our HUD audits that meet your diverse needs.

If your audits are taking up too much of your valuable time, we invite you to complete the Contact Us form below to start a conversation about your pain points and concerns.

Baptist Health

“BKD has some of the most qualified health care auditors and Medicare cost report experts in the industry.”

— Bob Roberts, Senior Vice President & Chief Financial Officer
Baptist Health
Little Rock, Arkansas


The Washington Hospital

“I went into the RFP process with some trepidation about what a change in auditors would do to my small accounting staff. We were in a long-term relationship with a large firm and many of the staff had never been through an auditor change. After talking with BKD about their audit approach, I felt strongly that, in the long run, our audit would actually be more efficient for the staff. BKD listened to my concerns and worked with my staff to make the transition as smooth as possible and what a success! By their own admission, the first year impact was fairly minimal and year two was much more efficient. As we head into year three we are all very pleased with the change and look forward to a long term relationship with BKD.”

— Alisa Rucker, Chief Financial Officer & Vice President of Finance
The Washington Hospital
Washington, Pennsylvania


University of Missouri Health Care and MU School of Medicine

“As the Controller of MU Health Care for the last 10 years, I can say it’s been especially important to have a positive outlook of our external audit firm during times of changing reimbursement and increased focus on expense management. MU Health Care selected BKD during the RFP process because of their professionalism and definite edge in knowledge regarding the rules and regulations surrounding the health care enterprise. The lead partner brought her deep health care knowledge and then invested her time to understand MU Health Care and the issues specific to our entity.”

— Jennifer Doll, Controller & Senior Director of Finance
University of Missouri Health Care and MU School of Medicine
Columbia, Missouri


IU Health Retirement Plans, Indiana University Health, Inc.

“I was very happy with the knowledge and experience of our auditing team. BKD’s staff were professional, skilled and detailed. I really appreciated the management letter comments found in the audits. It made it easier for my team to make the necessary corrections.”

— Christine Buczek, Manager
IU Health Retirement Plans, Indiana University Health, Inc.
Indianapolis, Indiana


University Health System

“BKD has worked as the audit firm for University Health System over the last 5 years and we could not be more pleased with their work. They have an unparalleled level of expertise, specifically their knowledge of supplemental funding mechanisms, and have been instrumental in the implementation of several recent GASB pronouncements. The BKD team is always responsive to our questions and we appreciate their support.”

— Reed Hurley, Chief Financial Officer
University Health System
San Antonio, Texas


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