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Health Care Team |
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Our solutions-oriented consultants will identify
the real issues and problems behind your
challenges and will help you set business and financial goals. Our
knowledgeable team
members will develop practical solutions to help you succeed. Then,
we will work to fully
implement the solutions in a way that works well within your
organization.
From compliance to technology and business development, talk to our
Health Care Team
about how to move your organization to the next level. Our health
care clients have expressed
that their Somerset consultants are as much a part of their team as
are their employees.
We work with single-specialty and multi-specialty physician group
clients from two to 80
physicians. Somerset has extensive experience with all types
of health care organizations,
including ancillary service providers, surgery centers, imaging
centers, therapy facilities,
infusion centers, dialysis centers, hospitals, health systems and
more.
Somerset has a strong specialty in the health care industry and has
many dedicated
professionals who are passionate about helping their health
care clients succeed. Also,
through the expertise offered by other areas within our firm—such as
information solutions,
real estate, wealth management and tax—we are able to provide total
business solutions
to help ensure our clients’ long-term financial futures.
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| Physician Group/Ancillary Services Consulting |
- Strategic planning/business plan development
- Merger, acquisition and joint venture analysis and facilitation
- Group practice governance design and succession planning
- Income distribution methodology design
- Fraud and abuse/anti-kickback/Stark issues analysis
- Business process improvement design and implementation
- Internal control reviews, assessment and
implementation
- Managed care contracting analysis and negotiations
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Revenue cycle assessment and implementation
- Accounts receivable collection and management analysis
- Consultation of diagnostic imaging
technology
- Medicare compliance
- Coding and billing review services
- Valuation services
- Lending negotiations
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Accounting software support services
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Ancillary Services Opportunities |
- Feasibility study and due diligence
- Fraud and abuse/anti-kickback/Stark issues analysis
- Ownership, equity structure and governance planning
- Capital and finance planning
- Project administration/representation for all phases of design and construction
- Operational development and review services
- Licensure and certification acquisition
- Accreditation preparation
- Policy and procedure development
- Physician credentialing services
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Hospital
and Health Systems Consulting Services |
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Meet our Hospital and Health Systems Consultants:
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Assurance Services |
- Audit, review and compiled financial statements
- Retirement plan audits
- Bookkeeping services
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Tax Services |
- Corporate and partnership tax returns
- Individual tax returns
- Individual and corporate tax planning
- Creative tax strategies
- Multi-state tax planning and strategy development
- Sales, use, property and excise tax analysis
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| Our Clients Include |
- Physician groups
- Surgery centers
- Imaging centers
- Dialysis centers
- Medical buildings
- Hospitals
- Health systems
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| Sue Beaudoin, Administrator, Rehabilitation Associates of Indiana, P.C. |
“Somerset is very methodical, precise and hands-on.
They are good communicators, especially with physicians, a key to success. They know what is going on in our business. Somerset thoroughly understands what we need from a practice perspective. They don’t just have the ‘book answer’ that other companies offer. They answer questions by applying the response to how I need the information.”
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| Health
Care Commentaries Newsletter - Perspectives on the Health Care
Industry |
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Our Surveys |
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Somerset's Health Care Team administers and compiles
data for several surveys each year. These surveys result in valuable
benchmarking tools and provide participants with useful management and
salary data. Please visit our
Surveys
page for details.
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Contact
Us |
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Find out how Somerset CPAs can help you look at your practice or
organization in a whole new way.
Call us at 317-472-2200 or 800-469-7206 today. |
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6 Printable
Brochure |
