Healthcare: Medical/Dental Practices

BlumShapiro has extensive experience with both non- and for-profit clients in the healthcare industry, including more than 50 medical or dental practices ranging in size from the sole practitioner to multi-physician groups. We provide a full range of accounting, auditing, tax and advisory services to these clients and have a dedicated healthcare practice to handle this industry’s diverse needs. Our services include:

Accounting and Tax Services

• Tax Planning
• Financial Accounting
• Employee Benefits
• Pension Plans
• Estate Planning
• Compensation Planning
• Practice Valuations
• Staff Training
• Audits

Mergers and Acquisitions

• Physician Compensation
• Employment Contracts
• Buy/Sell Agreements
• Merger/Acquisition Facilitation
• Budget Preparation and Forecasts

Employee Recruitment (through Creative Financial Staffing of Connecticut)

• Advertisement of Positions
• Candidate Screening
• Contract Negotiations

Business Technology Services (through BlumShapiro Consulting)

• Project Management Services
• Security Evaluations
• Strategic Technology Planning
• Technology Implementation Projects
• Technology Selection Projects

And through our network of consultants and affiliation with Baker Tilly International, we can access the expertise and resources of specialists in other geographic or service specialties, including the following:

Managed Care/Capitated Contract Analysis

• Contract Review
• Profitability Analysis
• Per Member Per Month Breakeven Analysis

Relative Value Unit Financial Analysis

• RVU Cost Accounting
• Performed Procedures Review
• Analysis of Costs at Varying Utilization Levels

Practice Assessments

• Documentation/Coding Review
• Review of Office Billing Procedures
• Analysis of Performed Procedures
• Analysis of Payer Mix
• Analysis of Fees
• Office compliance with OSHA, CLIA and other Regulatory Issues
• Personnel Manuals
• Policy and Procedure Manuals
• Patient Care Issues
• Staff Cost Evaluation
• TQM Implementation

Receivables Management

• Coding Reviews
• Payor Relations
• Capitation Analysis
• Fees and Allowables Review
• Review of Outstanding Accounts Receivable
• Customized Client Reporting

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