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Healthcare

healthcare

While debate over the Affordable Care Act continues, the industry remains focused on providing high-quality, effective, cost-efficient care. With this focus, healthcare providers and suppliers continue on the path of value and quality reimbursement, bundled payments, clinical and financial integration, consumerism, and population health.

As a result, hospitals, physicians, and payers continue to face opportunities and challenges with changing reimbursement models, technology, operations, and delivery of care. This has resulted in industry consolidations: mergers, acquisitions, and financial and clinical relationships.

With no slowdown in sight, the industry continues to change – addressing organizational and service-line profitability, innovations in technology and delivery of care, enterprise risk and risk management, and return on investment.

To assist our industry clients, the LaPorte Healthcare Industry Group offers deep industry knowledge and experience to provide support and solutions for this complex and fast-changing sector. For more than two decades, we have offered a holistic multidisciplinary team approach that combines advisory, audit, and tax services to address the diverse opportunities, challenges, and areas of risk our healthcare clients face.

With leadership roles and membership in trade organizations and associations, our healthcare professionals are up to date on industry developments and serve healthcare organizations ranging from large, integrated healthcare delivery systems to private physician practices and ancillary providers. Whether working with governmental, nonprofit, or for-profit entities, we offer our clients thought leadership, compliance, and industry knowledge to move forward successfully in this fast-changing industry.

 

Services to the Healthcare Industry

Advisory

  • Buy-side/sell-side diligence and business valuations
  • Compliance and enterprise risk assessments and solutions
  • Integration and market strategy thought leadership
  • Revenue cycle reviews and business improvement strategies
  • Reimbursement consulting (technical and strategic)
  • Financial modeling and service line profitability analyses
  • Service outsourcing – reimbursement, internal audit, compliance

Audit and Assurance

  • Agreed-upon procedures
  • Financial statement audits
  • Performance audits
  • Single audits
  • SSAE 16 audits

Tax

  • Form 990
  • IRS compliance issues
  • Nonprofit organizational planning (entity structure and nonprofit type)
  • Organizational performance evaluations using ratios, trending and benchmarking

LAPORTE HEALTHCARE OVERVIEW

IRS delays caused employers to wait on needed COVID tax credit relief

(authored by RSM US LLP) Congress passed multiple pieces of legislation aimed at providing relief to employers struggling due to the pandemic. A new Treasury Inspector General for Tax Administration (TIGTA) report finds that ongoing IRS processing delays are causing businesses to wait on COVID-related credits claimed on Forms 941-X. The report states that as of Feb. 1, 2022, there were 447,435 Forms 941-X waiting to be processed.

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