Tackle Your Community's Health Needs with BKD's Hospital Expertise
Standalone hospitals face unique challenges and opportunities. Resources are confined, and you continually incur financial stress on your bottom line. Physician recruitment and turnover is incessant. In addition to those factors, scalability is limited, clinical affiliations are essential, and mergers and acquisitions are likely.
It’s absolutely necessary your advisors understand the innate pressure to meet your community’s clinical needs while offering a depth of innovative service lines and maintaining independence.
BKD National Health Care Group has experience serving numerous deep-rooted community and standalone hospitals across the country and can provide insight and guidance on the many tough challenges you face.
Time Study Tool
BKD’s time study tool is a mobile-friendly application to help healthcare organizations allocate physician and midlevel costs. We also can assist with other studies, including cost reports, uncompensated care, and organ acquisition.
Read MoreAudit & Assurance
Our team of nationally recognized trusted advisors has you covered when it comes to financial statements, foundation audits, Single Audits, and employee benefit plan audits. Let's discuss your concerns and see how we can help resolve your pain points.
Read MorePerformance Improvement & Advisory Services in Healthcare
Has your organization experienced the challenges of addressing market shifts, responding to disruptive reimbursement pressures, and operating on reduced margins? You have a vision for improved performance and strategic positioning, and BKD is uniquely positioned to outline areas and actions that can help lead to cost control and revenue enhancement.
Read MoreRegulatory Compliance Services for Financial Institutions
Don't let daunting regulatory compliance issues hold your institution back. Our regulatory compliance team offers compliance audits and reviews, specialized training, and outsourcing options.
Read MoreStrategic Solutions
To prepare an in-depth strategic plan, providers should start with the demographics and a competitive market assessment. Identifying opportunities for growth in services and consumer needs will help guide the five-year plan. These services include:
- Renovating and expanding existing communities
- Adding new campuses
- Adding affordable housing
- Adding wellness facilities, restaurants, clinics, etc.
- Revenue diversification
- Home-based services
- Community-based services
If you're looking for an in-depth market forecast for a new project or major renovation, BKD can help. We have extensive experience with helping providers prepare feasibility studies or pro forma financial statements to assist with financing your long-term strategy.
Read MoreTax Services
As your organization becomes more complex, tax risk increases. How well are you managing that risk? Our BKD Trusted Advisors™ can help reduce your burden or take advantage of tax law provisions.
Read MoreValue-Based Payment Models in Healthcare
Are you prepared for the future of healthcare payments? Our payment reform team can help you assess various programs, invest wisely, and manage risk as you prepare for long-term financial success.
Read MoreHealthcare Private Equity
BKD understands the complexity and importance of portfolio management in the healthcare industry. Our private equity team has the in-depth expertise and experience to assist you in each stage of your investment timeline. Contact us today.
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