Running a hospital, clinic, lab or related healthcare business can be a real challenge. You not only have to control costs, maximize collections and minimize taxes, you also need to look for ways to improve operations and plan for growth while complying with increasingly complex regulations.
YHB’s dedicated Healthcare Organization Services Team specializes in helping clients like you operate more successfully. Our team members have strong experience in the healthcare industry and are highly knowledgeable about operational best practices, regulatory issues and ways to improve collections, controls and financial management, so your organization can prosper and grow.
YHB stays on top of industry issues by actively participating in such organizations as the Healthcare Financial Management Association, Healthcare Advisor Association, and Medical Group Management Association. Plus, because we are a local firm, we are personally familiar with the communities you serve, as well as with many of the bankers, lawyers, and other professionals you work with and can help achieve your goals.
Therefore, we are able to offer highly responsive and cost-effective service in these and other areas:
- Audits, including pension and internal audits
- Assistance with regulatory compliance
- Tax planning and preparation
- Financial projections and feasibility studies
- Coding reviews, benchmarking and performance improvement
- Strategic planning and revenue enhancement
- Mergers, acquisitions, business valuations and due diligence
- Risk advisory services, such as:
- IT policy review and development
- Fraud prevention and detection, including computer forensics
- Vulnerability assessments and internal control reviews
- HIPAA compliance
- Disaster recovery plan validation