GAIN BETTER OUTCOMES

Success Stories

Our work with clients drives measurable results and more traction for their success.

  • Senior Living and Long-Term Care

    • A multi-campus, long-term/post-acute care (LTPAC) health system had recently implemented new electronic health record, billing, and financial software, but was not yet making full use of system functionality. BerryDunn helps them improve business processes, reduce redundant/manual steps, and leverage full-system functionality. 

    • A hospital-based nursing home facility was facing a significant increase in their accounts receivable balance while transitioning to new accounting software and Revenue Cycle Department staff. 

    • A new owner/operator of multiple nursing and assisted living facilities was unfamiliar with the state’s reimbursement environment and how operational changes could impact reimbursement and profitability. BerryDunn helps them better understand reimbursement drivers and how their multiple facilities compare with their peers in the region and state.

    • A long-term care organization was faced with substantial turnover in its accounting department in the midst of complex new lease accounting changes and mounting regulatory and operational pressures. BerryDunn helped them find a new CFO and accounting support staff and also developed a comprehensive transition plan.

    • A healthcare provider neglected to monitor its annual operations related to their reimbursement rates, which resulted in a substantial payback at year-end. BerryDunn helped them adjust operations to maximize reimbursement and revise compensation policies to optimize reimbursements and avoid year-end surprises.

    • An assisted living provider was facing declining census due to aging facilities. They needed to build a new facility or cease operations. BerryDunn experts helped them gain confidence in their forecasted financial statements and demonstrate to lending institutions that their operations could support needed financing.

    • An employer with many part-time and variable hour employees needed to determine who was considered full-time under Affordable Care Act (ACA) standards and its potential exposure to ACA penalties. BerryDunn helped the client set up ACA tracking and reporting software and avoid potential ACA penalties.

    • A senior living health system needed to assess their policies and procedures for compliance with the HIPAA Security Rule. BerryDunn helped them gain insights into their IT security and compliance gaps and implemented controls to mitigate their risk of HIPAA violations.

    • A healthcare organization needed to restructure their finance department and prepare for the retirement of their CFO. BerryDunn helped them assess their needs, implement a departmental restructure, and secure a highly-qualified replacement for the outgoing CFO.

    • A Senior Living business owner wanted to transfer operational control to his son. BerryDunn helped the owner exit the business through strategic gifts and an ownership percentage sale that allowed for the continued success of the business while providing sufficient liquidity to support the owner’s retirement.

    • A New England assisted living and memory care facility owner wanted to offset increased construction costs. BerryDunn helped the client maximize tax savings by identifying assets with shorter lives and depreciating them over shorter time periods.