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Audit & Assurance for Health Systems

Upgrade Your Audit Experience & Gain Valuable Insight into Risk Areas

Your hospital is focused on growth and patient care, while lenders, rating agencies, and the public are focused on your financial statements. That’s why you want reputable auditors who issue reports that inspire confidence, understand the nuances of healthcare 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 healthcare team allows you to invest your time in growth strategies instead of educating audit staff or transitioning to another audit firm.

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

Financial Statement Audit

During our audit procedures, BKD isn't simply looking for findings to report. We're looking for opportunities to advise you on more efficient ways to address regulations and make 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 accessible to advise you and act as a sounding board as you consider various accounting and operational decisions.

Our experience provides valuable insight, including but not limited to these risk areas:

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

Employee Benefit Plan Audit

BKD audits more than 1,660 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. The DOL also can review the audit workpapers for adherence to professional standards.

340B & Pharmacy Services

The 340B Program can bring significant savings and compliance risk. It’s important to have a program that helps identify compliance issues and operates efficiently. That’s why we have advisors who specialize in the 340B Program to help organizations assess compliance, quickly reduce risk, and identify areas for operational improvements. Here’s how we can help:

  • 340B Program Development & Optimization
  • 340B Compliance
  • Pharmacy Expansion
  • Pharmacy Structure
  • Opioid Assistance
  • Provider-Based Billing
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Uniform Guidance/Single Audit & HUD

Compliance auditing at BKD is often found in our nonprofit and governmental practice or in our banking and real estate practices where U.S. Department of Housing and Urban Development (HUD) oversight is present. BKD is ranked by the Federal Audit Clearinghouse as one of the largest providers of Single Audit services, and our familiarity with those requirements makes us a great fit for organizations requiring compliance.

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Nationally Recognized Expertise

When we say our professionals are dedicated to the industry, we mean it. BKD Trusted Advisors™ chair and serve on prominent boards, task forces, and accounting associations. Here’s a closer look at the posts our professionals have held or currently hold:

  • Chair of the AICPA Board of Directors
  • Chair of the AICPA Health Care Expert Panel
  • Member of the AICPA Health Care Expert Panel
  • Chair of the AICPA Health Care Entities Revenue Recognition Task Force
  • Member of the AICPA Health Care Audit Guide Committee
  • Chair of the AICPA Technical Issues Committee
  • Member of the AICPA Not-for-Profit Expert Panel
  • Member of the Principles and Practices Board of the Healthcare Financial Management Association (HFMA)
  • Member of the Financial Accounting Standards Board Not-for-Profit Advisory Committee
  • Member of the Governmental Accounting Standards Board Fiduciary Responsibilities Task Force
  • Member of the national HFMA Board of Directors
  • Member of the IRS Advisory Committee on Tax Exempt and Government Entities
  • Chair of the Home Care and Hospice Financial Managers Association’s (HHFMA) Advisory Board
  • Chair of the American College of Health Care Administrators Board of Directors
  • Member of the American Health Care Association’s Finance Committee

How can we help you?

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We have 42 offices in 19 states , with BKD Trusted Advisors™ who offer solutions for clients across the country.

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