Hospitals and Healthcare Systems

Managing the financial status of a hospital or healthcare system requires a unique balance of maintaining profitability to enable growth and investment while demonstrating the benefit to the community and deserved tax-exempt status.

To help you navigate those challenges and others, we can provide you with a team of CPAs and business advisors who are knowledgeable about the industry through their years of experience and commitment to serve healthcare organizations.

Other challenges faced include the need for greater organizational efficiencies to enable growth amidst shrinking margins and declining reimbursement rates, complying with ever-changing regulations, increasing board responsibilities, continued consolidation of the industry and partnering opportunities with physicians, to name a few.

• Financial statement audits
• Employee benefit plan audits
• SAS 70 audits (internal controls of service organizations)
• Preparation of IRS Form 990’s and tax compliance
• Unrelated Business Income (UBI) reviews
• Compensation design and strategy
• Internal control reviews and risk assessments
• Operational analysis and improvement
• Organizational structure evaluation
• FlexTime Financial™ – AKT’s outsourced finance and accounting services
• Business valuation

The members of our Healthcare Services Team are dedicated to serving your business needs and they know the healthcare industry because of their long-running experience and commitment to serving this industry. Click here to meet our Healthcare Services Team.