Health Care Overview - Smith & Smith CPAs
 
Health Care Overview

Health care in modern times is primarily a balancing act. It is more about employees, technology, reimbursements, regulations, reform and most importantly, patient care. We have a comprehensive view of the health care industry which recognizes how every action in your organization affects your bottom line.

Whether you're a physician, a CFO or a facility administrator, our team at Smith & Smith CPAs will provide the vision and direction required to manage your finances and operations, allowing you to focus more on patients.

The industry is constantly changing. Trust us to always be right by your side to answer your questions and contribute to making smart, informed decisions. We'll always ensure that you have direct access to our healthcare leaders and the entire team of industry and advisors.

Our extensive, multidisciplinary financial and advisory services are available for physicians, hospitals, medical centers, home health organizations, and nursing homes among other facilities that include individual practices to multilocation health systems.

  1. Physicians
  2. Facilities

We offer the following services for the health care industry:

01

For Physicians

  • Tax Planning and Compliance
  • Strategic Positioning
  • Operational Effectiveness and Profitability
  • Physician-Hospital Success
  • Revenue Cycle Acceleration
  • Technology Enhancement and Utilization
02

For Facilities

  • Strategic Positioning
  • Operational Effectiveness
  • Audit and Cost Report Optimization
  • Physician-Hospital Success
  • Profitability and Financial Compliance

Health Care Success Stories

Renegotiated contracts and generated $320,000 in new revenue

Detailed financial analytics and our in-depth knowledge of third-party payers helped us renegotiate complex managed care contracts for our client. The new contracts brought in $320,000 in additional recurring revenue

Cut Medicare red tape to improve cash flow

Typically, it takes Medicare a minimum of 60 days to process a new provider number. Our team obtained new provider numbers in less than three weeks for our client, significantly increasing their Medicare cash flow.

Spurred $90,000 in 42 Days

A struggling new medical practice brought in only $25,000 in 90 days. The Anders revenue cycle team then came into the picture, we diagnosed the problems, set the corrective action plan, trained the staff, and spurred $90,000 in 42 days!

Eased physician-hospital integration and kept claims on track

During an already-intense physician-hospital integration process, our client lost their physician business office manager. Even in the midst of a new system implementation, we helped them process claims successfully for the first time in three months.

Eased physician-hospital integration and kept claims on track

During an already-intense physician-hospital integration process, our client lost their physician business office manager. Even in the midst of a new system implementation, we helped them process claims successfully for the first time in three months.

Let Smith & Smith CPAs help you power your healthcare revenue cycle. Contact us to speak to a specialist today.
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