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Gain financial strengthHigh perfomance

Helping hospitals and health systems maintain and improve their financial health

In this current environment of uncertainty, the healthcare industry is being radically challenged, from the traditional patient visit to financial performance and of course, the ways we work. Healthcare organizations need to uncover new value and continue to be on the cutting edge of innovation to emerge stronger.

As accounting and consulting advisors to hospitals throughout the US, BerryDunn brings best practices to each hospital and health system client—while seeking every opportunity for financial and quality improvement in a challenging, rapidly changing healthcare landscape. We engage closely with each hospital we serve, pairing our audit, tax, technology, revenue cycle, and healthcare analytics consultants with key client stakeholders to identify and address organizational challenges, and manage the development and implementation of recommended solutions. 

Our healthcare consultants provide:

  • Dedicated healthcare expertise. Our professionals focus on healthcare, which gives us targeted knowledge in the industry (e.g., 340B compliance). Several team members have worked for hospitals and have practical experience as CFOs, controllers, accounting managers, IT leaders, and revenue cycle and reimbursement directors. 
  • Targeted annual benchmarking. Each year, our financial statement audit clients receive a full ratio comparative analysis, providing a clear sense of their performance relative to the industry. This hospital benchmarking data provides perspective of where each client stands in relation to peer organizations, and informs the development of a clear roadmap for improvement.
  • Financial close management. We can help you create an efficient monthly financial close process that can provide more timely and reliable financial reporting and improve your audit readiness.
  • Revenue cycle management. Working collaboratively with clients, our revenue cycle consultants conduct thorough analyses of revenue cycle processes including patient access, coding, billing, compliance, charge master, and denials prevention. 
  • Medicaid DSH audits. We can help relieve the burden of your DSH reporting and audit work. Our deep knowledge of hospitals, experience as Medicaid DSH auditors for various states, and access to our in-house healthcare analytics and government consulting teams gives you an edge.
  • Value-based healthcare consulting. As more hospitals and healthcare providers engage in the journey of value-based healthcare, our audit, reimbursement, healthcare data analytics, and technology consultants can support decisions in contracting with payers, selecting health information technology, and recognizing revenue appropriately.
  • Technology consulting. We establish clear technology strategies, electronic health records, IT security, and HIPAA compliance for hospitals. Our IT consultants provide comprehensive support with change management, project management, and software selection.
  • Telehealth consulting. BerryDunn can assist with a comprehensive telehealth strategy, focusing on patient and physician engagement, and maintaining charges and revenue for the system.
  • Interim assistance. Whether you're filling an interim position or working with a BerryDunn team to improve processes in your finance office, we can provide objective leadership and coaching to ensure immediate stability and long-term sustainability with our interim assistance services

We understand that keeping up with reimbursement, regulatory, accounting, and technology changes is a continual challenge for hospital personnel. We keep clients apprised of evolving laws and policies, and provide clear strategies to understand key issues and implement necessary changes. For more information, please contact the hospital consulting team.

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