Skip to main content
  • About
  • News
  • Offices
  • Careers
  • Contact Us
  • Subscribe
CohnReznick LLP Logo
  • Industries
  • Services
  • Insights
  • Events
  • People
  • About
  • News
  • Offices
  • Careers
  • Contact Us
CohnReznick LLP Logo
  • Industries
    • Recent Insights
      • Understanding Zero Trust

      • Commercial real estate: Tax impacts of higher interest rates

      • View More
    • Consumer & Industrial
      • Hospitality
      • Manufacturing & Distribution
      • Consumer
      Financial Sponsors & Financial Services
      • Broker Dealers
      • Independent Sponsors
      • Mortgage Lenders
      • Real Estate Funds
      • Family Offices
      • Hedge Funds
      • Private Equity
      • Small Business Investment Companies (SBICs)
      • Special Purpose Acquisition Companies (SPACs) Services
      • Venture Capital
    • Life Sciences & Healthcare
      • Life Sciences
      • Healthcare
      Public Sector
      • Government Contracting
      • Government
      • Not-for-Profit & Education
      Real Estate
      • Affordable Housing
      • Commercial Real Estate
      • Construction
      • Opportunity Zones
      • Tax Credits
    • Renewable Energy
      Technology & Media
      Private Clients
      • Film & Entertainment
      • Law Firms
      • Medical Practices
      • Private Clients
      Cannabis
  • Services
    • Recent Insights
      • Private equity value creation: Accelerate growth with strategic, smooth M&A

      • Maryland updates pass-through entity tax election date for 2023 tax year

      • View More
    • Advisory
      • Accounting Advisory
      • Financial Modeling and Decision Analytics
      • Performance Improvement
      • CFO Advisory
      • Cybersecurity, Technology Risk, Privacy
      • Emergency Management
      • Emergency Rental Assistance Program
      • Global Consulting Solutions
      • Infrastructure Advisory
      • Project Finance and Consulting
      • Real Estate Advisory
      • Restructuring & Dispute Resolution
      • Risk Advisory
      • Technology+
      • Transactions
      • Valuation
    • Accounting & Assurance
      • Accounting Advisory
      • Accounting Services
      • Attest & Audit
      • Employee Benefit Plans
      • Lease Accounting
      • Paycheck Protection Program (PPP) Loan Forgiveness Assistance
      Tax
      • Federal Tax
      • International Tax
      • Exempt Organizations Tax Services
      • Private Clients
      • SBA Disaster Loan Assistance
      • State & Local Tax
      • Tax Credits
      • Trusts & Estates
    • Managed Services & Outsourcing
      • Data & Technology Solutions
      • Managed and Outsourced Services to Administer and Safeguard Public Funds’
      • Mitigate Enterprise Risk & Achieve Compliance
      • Prepare for the Future of Your Business
      • Managed and Outsourced Tax Concerns
      • Transaction Processing, Financial Close, & Reporting
      Affiliated Companies
      • Asset Management & Insurance
      • Benefits Brokerage & Consulting
      • Capital Markets Advisory
      • Government Contracting Technology Consulting
      • Risk Insurance Consulting
  • Insights
    • Recent Insights
      • Real estate supply chain’s wild ride: 8 strategies for resilience

      • Silicon Valley Bank: Takeaways for venture capital and private equity

      • View More
    • Topics
      • Affordable Housing CRedit Study
      • CohnReznick & Major League Baseball®
      • The C-Suite Dashboard
      • Gamechangers in ESG Awards 2022
      • All Insights
      • GovCon360° Resource Center
      • Infrastructure Resource Center
      • Lead with ESG
      • Real Estate Movement
  • Events
  • People
  1. CohnReznick: Advisory, Assurance, Tax Firm
  2. Industries
  3. Life Sciences & Healthcare
  4. Healthcare
    Share CohnReznick
    Share

Healthcare

Healthcare reform and regulations continue to bring dramatic change as costs increase and reimbursements decline. Yet expectations for patient care rise. Forward thinking organizations that face these pressures with an open-mind toward value-based models and new technology can improve profitability, efficiency, and the client experience. CohnReznick’s Healthcare Industry Practice responds with holistic solutions that are both strategic and pragmatic. 

Many of our professionals across audit, tax and advisory have dedicated their careers to healthcare organizations because the industry presents some of the most complex challenges facing our nation. However, the potential for positive impact is immeasurable.

AT THE INSTITUTIONAL LEVEL

Health systems and hospitals of all sizes, both public and private, risk loss of revenue unless they put in place systematic processes to assess operational fitness, troubleshoot deficiencies, and transition seamlessly to new reimbursement methodologies. CohnReznick brings in the expertise needed to analyze the financial, regulatory, and technical activities of the organization across functions. Among many of the outcomes, we may identify areas of improvement, risks, and liabilities, structure training programs, and develop solutions to Medicare and Medicaid purchasing initiatives.

AT THE COMMUNITY LEVEL

CohnReznick is active in helping community health centers evaluate their performance and reimbursement and regulatory procedures in order to operate efficiently. Each organization needs to develop its own optimal response to healthcare reform and approach to federal grants management. Our work with organizations such as the National Association of Community Health Centers, National Council for Mental Wellbeing, state and regional primary care associations, and others keeps our team abreast of the industry-wide conversation as legislation evolves, and aware of the many innovative ways that challenges are being addressed.

REFORM EXPERTISE

The practice stays abreast of regulatory changes as they happen and can strategically advise on Accountable Care Organizations (ACOs), Patient-Centered Medical Homes (PCMH), Independent Practice Associations (IPAs), Medicare and Medicaid Value Based Payment (VBP), and other operating models.
CohnReznick’s accounting, tax, and advisory services help healthcare organizations make the strategic transition required for them to survive and thrive. As part of this, we provide services specific to the healthcare industry:

STRATEGIC/BUSINESS PLANNING

Positioning healthcare organizations for success is critical during these changing times. Our team develops business plans and financial projections that are fully aligned with the organization’s strategic initiatives, putting into place financial management systems that can adapt to change under health reform.

MEDICAID AND MEDICARE RATE SETTING AND COST REPORTING

Our professionals assist with rate negotiations and regulatory reporting relative to the FQHC Medicare and Medicaid Prospective Payment Systems (PPS). This includes developing the initial PPS rate setting system including the Medicaid managed care supplemental payment program (“wraparound”).

REVENUE CYCLE AND VALUE-BASED PAYMENT READINESS

Given the complexities of today’s third party reimbursement protocols and system configurations, CohnReznick’s revenue cycle team works with healthcare providers in improving billing system efficiencies and collections. At the same time, members of our team are consulting with providers across the country on strategizing for participation in VBP. We’ve created a proprietary tool that identifies any gaps your organization has in requirements for transition to various VBP models, and prioritizes implementation.

IMPLEMENT FEDERAL COMPLIANCE PROGRAMS

We assess high risk areas and provide audit services and reporting as required for Section 330 of the Public Health Service (PHS) Act, Federal Financial Reports (FFR), and Federal Single Audit Requirements (Uniform Grant Guidance subpart F, formerly OMB Circular A-133). We also conduct annual independent audits and agreed-upon procedures for compliance with the federal 340B drug pricing program.

Hospital Price Transparency

CohnReznick supports hospitals as they not only work through the complexities of price transparency, but also align pricing and charging strategies for improved charge capture. Fusing industry insight and compliance and regulatory proficiency, we go beyond technical requirements to help you enhance strategies and identify opportunity to improve revenue. Learn more.

BUY AND SELL-SIDE DUE DILIGENCE FOR HEALTH CARE TRANSACTIONS

Our Health Care Transaction Advisory team provides buy and sell-side due diligence services, along with industry knowledge and speed of action to help our clients achieve game-changing results for their businesses. We assist clients in assessing risks and rewards and navigating the intricacies of transactions to ensure they achieve maximum value from each and every transaction.  In the event a buyer and seller disagree on price following an acquisition, our team of experts can step in to address post-acquisition issues including working capital and earn-out disputes. We can also act as a neutral third-party arbitrator in such disputes. Learn more.

Claudine Cohen
Managing Principal, Value360 Practice
View full biography
Contact Claudine
Shayla Higginbotham
Principal, Healthcare Advisory Leader
View full biography
Contact Shayla
Meet the Healthcare Industry Team
Meet our team
Higginbotham joins CohnReznick as Principal, Healthcare Advisory Leader
Press release
Physician Practices: M&A Trends and Outlook
Learn more
How Healthcare Services Consolidation & MSOs Benefit Buyers & Sellers
Learn more
Healthcare Investment Report: A Watershed Moment For Healthcare Services
Learn more
Your Guide to the No Surprises Act
Learn more
Nexia International Logo
Accessibility by ilumino - opens in a new tab/window
  • Contact Us
  • Subscribe
  • Follow:
Industries
Consumer & Industrial
  • Hospitality
  • Manufacturing & Distribution
  • Consumer
Financial Sponsors & Financial Services
  • Broker Dealers
  • Independent Sponsors
  • Mortgage Lenders
  • Real Estate Funds
  • Family Offices
  • Hedge Funds
  • Private Equity
  • Small Business Investment Companies (SBICs)
  • Special Purpose Acquisition Companies (SPACs) Services
  • Venture Capital
Life Sciences & Healthcare
  • Life Sciences
  • Healthcare
Public Sector
  • Government Contracting
  • Government
  • Not-for-Profit & Education
Real Estate
  • Affordable Housing
  • Commercial Real Estate
  • Construction
  • Opportunity Zones
  • Tax Credits
Renewable Energy
Technology & Media
Private Clients
  • Film & Entertainment
  • Law Firms
  • Medical Practices
  • Private Clients
Cannabis
Services
Advisory
  • Accounting Advisory
  • Financial Modeling and Decision Analytics
  • Performance Improvement
  • CFO Advisory
  • Cybersecurity, Technology Risk, Privacy
  • Emergency Management
  • Emergency Rental Assistance Program
  • Global Consulting Solutions
  • Infrastructure Advisory
  • Project Finance and Consulting
  • Real Estate Advisory
  • Restructuring & Dispute Resolution
  • Risk Advisory
  • Technology+
  • Transactions
  • Valuation
Accounting & Assurance
  • Accounting Advisory
  • Accounting Services
  • Attest & Audit
  • Employee Benefit Plans
  • Lease Accounting
  • Paycheck Protection Program (PPP) Loan Forgiveness Assistance
Managed Services & Outsourcing
  • Data & Technology Solutions
  • Managed and Outsourced Services to Administer and Safeguard Public Funds’
  • Mitigate Enterprise Risk & Achieve Compliance
  • Prepare for the Future of Your Business
  • Managed and Outsourced Tax Concerns
  • Transaction Processing, Financial Close, & Reporting
Tax
  • Federal Tax
  • International Tax
  • Exempt Organizations Tax Services
  • Private Clients
  • SBA Disaster Loan Assistance
  • State & Local Tax
  • Tax Credits
  • Trusts & Estates
Affiliated Companies
  • Asset Management & Insurance
  • Benefits Brokerage & Consulting
  • Capital Markets Advisory
  • Government Contracting Technology Consulting
  • Risk Insurance Consulting
Insights
Affordable Housing CRedit Study
CohnReznick & Major League Baseball®
  • Business of Food
  • Community Development
  • Community Outreach
  • Elevating The Fan (Customer) Experience
  • Business of Baseball: Highlights From Past Seasons
  • Managing for Success
  • Mayor of the City
The C-Suite Dashboard
Gamechangers in ESG Awards 2022
GovCon360° Resource Center
Infrastructure Resource Center
Lead with ESG
Real Estate Movement
Events
People
Nexia International Logo
Contact Us
Offices
Nexia International Logo
© 2023 CohnReznick LLP, All Rights Reserved. Terms of Use & Disclosures Privacy Policy

“CohnReznick” refers to CohnReznick LLP or any of its subsidiaries or affiliates. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions.

CohnReznick LLP is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and each of its member firms are separate legal entities and not part of a worldwide partnership.  Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members.