What inspires you, inspires us.
Health care is at the heart of every community. While you bear the responsibility of serving and stabilizing your local economy, the industry is in a constant state of change–from the volume and complexity of regulations to value-based reimbursement–guidance from insightful business advisors will help you decrease the administrative burden you feel and better your community.
The healthcare industry is facing some very real challenges. Balancing patient needs and expectations while managing overhead costs is a constant point of friction. Margins are strained in an environment where growth of costs are outpacing the pace of revenue growth. But what if there was a way to deliver highly efficient care without compromising quality, while insuring you receive appropriate payment for the care you provide? The solution is in your data. Over 60% of your healthcare budget is made of human capital and supply chain costs. With the right technology and financial guidance, you can take charge of your operational costs, get paid appropriately, and improve your patient satisfaction.
Managing revenue cycle is a critical function to ensure providers receive appropriate and timely payment. You are tasked with operating your healthcare organization efficiently and profitably, while remaining compliant and secure. It is an immense challenge for any industry, but healthcare has its own unique and often complex issues to be vigilant about given its complex regulatory structure.
That’s where a trusted advisor comes in. Eide Bailly serves the healthcare industry because we genuinely enjoy supporting others so they succeed. We bring our clients sustainable solutions that help their organizations improve. Our focus goes beyond traditional accounting services with an emphasis on enhancing value with each of the solutions we provide.
Inspired to transform healthcare
It all comes down to people, relationships and our individual and collective inspirations. We work together to build the foundations for financial strength. As your trusted advisor, we take great pride in helping our clients and organizations succeed. When we address and help resolve your business challenges and observe the tangible results, we celebrate your victories along with you.
Eide Bailly’s healthcare group provides these professional services:
- Organizational strategy
- Operations improvement
- Billing/revenue cycle activities
- Data analytics/business intelligence/robotic process automation
- Mergers & acquisitions
- Business valuation and physician contracting
- Forecasts & feasibility studies
- Business office operations
- Medical record support
- Medicare and Medicaid cost reporting and strategic reimbursement consulting
- Information technology and security
Knowledge and Expertise