Healthcare

WithumSmith+Brown has the depth and breadth of experience to fully understand the many challenges facing healthcare professionals today, and can offer a wealth of resources designed to ensure you have the skilled assistance necessary to meet your challenges head on. Our Healthcare Services Group is an assembly of our best and brightest professionals dedicated to working with you, bringing their collective knowledge and experience together to provide you with value added services while enabling you to focus on what truly matters in such challenging times: quality patient care.

WS+B clients represent hundreds of leading healthcare professionals and organizations in the following sectors:

• Hospitals and Healthcare Systems
• Ambulatory Care Centers and Surgery Centers
• Behavioral Health Care Centers
• Clinics
• Diagnostic Imaging Centers
• Health Maintenance Organizations (HMOs)
• Home Health Agencies
• Physicians, Dentists and Group Practices
• Rehabilitation centers Skilled Nursing facilities
• Other related Health Care organizations - i.e. foundations, real estate entities, etc.

Our integrated team of healthcare professionals is comprised of seasoned, well-known CPAs and industry leaders, who are at the pulse of the healthcare industry. As authors in key publications, members of major healthcare associations and sought-after speakers at leading industry events, we believe our team is among the best and the brightest in the industry.

Our Services

WS+B understands the healthcare industry. We devote substantial firm resources to the healthcare industry and offer clients the benefits of industry specialization from our professionals who service this industry on a full time basis. The deep expertise of the Healthcare Services Group puts our clients in a position of strength by providing the following services:

Accounting and Auditing Services

• Independent attest services including
  • Annual GAAP financial statement preparation, including FIN 48
  • OMB A-133 grant compliance
  • Defined benefit and defined contribution plans, including pension, IRC Section 401(k) and 403 (b) plans
• Internal control reviews
• Assistance with the development of accounting processes for start-up entities
• Collection and evaluation of patient statistical data

Tax Services

• Tax return preparation and compliance, including Forms 990, 1120, 1065 and 1040
• Tax consulting services, including:
  • New Form 990 planning and assistance
  • IRS and state audit examination representation and assistance
  • Community benefit analysis
  • Executive compensation and benefits
  • Intermediate sanctions, FMV analysis and excise tax issues planning
  • Transactions with interested persons and conflicts
  • Tax-exempt bond compliance reviews and initiatives
  • Corporate structure review and planning
  • Year-end tax planning assistance

Consulting Services

Corporate Governance and Risk Management Services