Healthcare

Quality patient care is what truly matters in today’s ever-changing healthcare society. But sometimes that focus becomes clouded when you’re struggling to deliver that same level of patient care while managing how to do more with less. Healthcare entities are facing tightened budgets, shrinking staffing pools, changing regulatory standards, value-based billing and M&A activity. These challenges require extra effort to keep the doors open so you can care for your community.

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Healthcare Industry Expertise

Medical practices partner with Withum’s Healthcare Services Team to help turn challenge into opportunity. Your financial and corporate challenges will be managed head-on by our team ensuring your organization is at the forefront of all healthcare accounting, consulting and tax standards.

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Federally Qualified Health Centers (FQHCs) Services

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Healthcare Revenue Cycle Management

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Healthcare Systems and Hospitals

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Physician and Dental Practices

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Senior Living

Healthcare Industry Challenges and Trends

We provide the resources you need to validate your healthcare processes, guide your reporting procedures and improve the overall care of your patients.

Affiliations, Mergers and/or Joint Ventures

Consolidation is sweeping the healthcare nation at a rapid rate as systems are looking to grow, reduce cost and improve quality. Simplify this process by letting our team value your business and analyze risk in your future transactions.

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Internal Audit

Ensure you have the proper risk management, governance and internal control processes in place. Whether you qualify for a financial, operation, hospital/healthcare service, information systems or construction audit, we are well equipped to implement a work plan to best suit your needs.

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Revenue Cycle Gaps

Weaknesses in healthcare revenue cycles can leave dollars on the table for facilities administering patient care. Periodic revenue cycle assessments encourage stronger process management and lead to a healthier bottom line.

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Cybersecurity

Protecting your patients’ information is at the core of every healthcare organization. The increase of innovative technology in the healthcare industry offers vast improvements but also brings along the risk of data to be comprised. Ensure your patients are protected before it is too late.

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Private Equity

From early funding stages to preparing for the capital markets, our team brings world-class expertise and insights to our clients in key areas of focus for emerging companies funded by private equity.

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Healthcare Insights

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A doctor in a white coat sits at a desk, carefully navigating a digital network displayed over a clipboard. Their focus on the screen illuminates their dedication to modern healthcare.

Driving End User Adoption of BI Solutions in Physician Practices

While implementing Business Intelligence (BI) tools is a significant step forward for physician practices, the real value is only seen when end users fully embrace and integrate these solutions into their daily workflows. Driving business intelligence adoption requires a thoughtful approach that addresses both technical and human challenges, ensuring BI dashboards and analytics become indispensable…

medical professional using an ipad to review business intelligence dashboards.

The Power of Business Intelligence for Physician Practices

Physician practices today face mounting pressures, from regulatory changes to shifting reimbursement models and rising patient expectations and competition. Navigating these challenges requires more than clinical expertise…it demands actionable insights drawn from the very data your practice generates every day in the care of patients. This is where a Business Intelligence (BI) strategy comes into…

Case Study: Fair Market Value Analysis of Cardiology Practice Enables Successful PSA/PLA Renegotiation and Margin Improvement

Learn how Withum helped a leading health system successfully implement updated professional service agreements, achieve a 35% margin improvement, and significantly improve alignment with organizational goals. Download a PDF of this case study Executive Summary Withum was engaged by the CFO of a leading health system in the northeast (the “System”) to provide insight and…

US health policy , healthcare fund , medical research and development concept with green medical research background.

Impending Expiration of the Community Health Center Fund Presents Financial Uncertainty For FQHCs

Section 330 of the Public Health Service Act established the federal Health Center Program. The Health Resources and Services Administration (HRSA) within the U.S. Department of Health and Human Services (HHS) administers the program and grants awards to support health centers providing care to low-income individuals. In 2011, Congress established the Community Health Center Fund…

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Considerations When Establishing an MSO-PC Medical Practice

We are continuing to see the expansion of the MSO-PC (Management Services Organization-Professional Corporation) structure within the healthcare space. This structure is an arrangement that allows licensed professionals, including physicians, dentists, and other healthcare providers, to maintain legal control over a medical practice, the PC, while there is a separate entity, the MSO, which provides…

Healthcare Accounting Services

Accounting and Auditing
Internal Audit
Corporate Compliance
International (FATCA)
Employee Retention Credit (ERC)
M&A Financial and Tax Due Diligence

ERISA
Management Consulting
Governance
Tax Services
Outsourced Accounting Systems and Services (OASyS)
Withum Wealth Management

Healthcare Advisory Services

Accounts Receivable and Denial Management
Billing and Coding Reviews
Cloud Technology
Contract Rate Re-Negotiations
Corporate Governance
Cybersecurity (including on-site incident response)
Data Integration
Eligibility and Verification
Fair Labor Standards Act (FLSA) Compliance Risk Checkup
Feasibility Studies
Financial and Tax Due Diligence
Healthcare Litigation Cases
HIPAA and Billing Compliance
Interim Management

Internal Audit
Microsoft 365, Office 365, NetSuite
New Provider Credentialing/Re-Credentialing
No Surprises Assessments and Implementation
Patient Access
Physician Revenue Optimization
Practice Management Support (as needed)
Primary Source Credentialing
Provider Relief Fund Reporting
Revenue Cycle Services
Revenue Recovery
Strategy, Implementation, Security
340B Management Tool
Valuation Services

Why Healthcare Companies Choose Withum

Beyond Compliance

In addition to core compliance services such as audit and tax, clients routinely engage us for reimbursement, regulatory and other strategic and operational matters.

Guidance Through Complexity

Deep industry insight helps healthcare organizations navigate mounting financial and operational challenges while strengthening day-to-day operations and cash flow.

Firsthand Experience

Firsthand healthcare experience grounded in work within hospitals, post-acute care organizations and physician practices.

Data-Driven Performance

Transparent, data-driven solutions that improve efficiency and support long-term financial health across the healthcare continuum.

Measurable Results

Recovering millions in Medicare bad debt and DSH funding, reducing days in accounts receivable, increasing collections and driving sustainable savings.

Proactive Approach

Helping healthcare organizations anticipate challenges, respond with confidence and turn obstacles into opportunities for stability and success.

Optimize Your 340B Purchasing and Expand Your 340B Program

Withum’s unique software integrates data from all aspects of the program, linking EMRs, e-prescribing systems, contract pharmacies, TPAs and wholesalers as a “one-stop-shop” for all 340B concerns.

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