• About
  • News
  • Office Locator
  • Careers
  • Contact Us
  • Subscribe
CohnReznick
  • Industries
  • Services
  • Insights
  • Events
  • People
  • About
  • News
  • Office Locator
  • Careers
  • Contact Us
CohnReznick
  • Industries
    • Recent Insights

      • Kielczewski joins CohnReznick as Tax Director

      • CMS hospital price transparency: Are you sure you're compliant?

      • View More
    • Consumer & Industrial

      • Hospitality
      • Manufacturing & Distribution
      • Consumer

      Financial Sponsors & Financial Services

      • Broker Dealers
      • Independent Sponsors
      • 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
      • Corporate Real Estate
      • Opportunity Zones
      • Tax Credits
    • Renewable Energy

      Technology & Media

      Private Clients

      • Entertainment
      • Law Firms
      • Medical Practices
      • Private Clients

      Cannabis

  • Services
    • Recent Insights

      • Start preparing now to earn points on GSA’s Polaris contract opportunity

      • Digital by Design - A CohnReznick Advisory podcast

      • View More
    • Advisory

      • Accounting Advisory
      • Analytics & Data
      • CFO Advisory
      • CIO Advisory
      • Cybersecurity & Privacy
      • Enterprise Technology Solutions
      • Emergency Management
      • Project Finance and Consulting
      • Real Estate Advisory
      • Restructuring & Dispute Resolution
      • Risk Advisory
      • 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
    • Affiliated Companies

      • Asset Management & Insurance
      • Benefits Brokerage & Consulting
      • Capital Markets Advisory
      • Corporate Real Estate
      • Equity & Capital Placement
      • Government Contracting Technology Consulting
      • Risk Insurance Consulting
  • Insights
    • Recent Insights

      • How individual and business tax rates, credits, and more could change under the Biden presidency

      • GOVERNMENT CONTRACTING: DCAA issues guidance on coronavirus-related legislation

      • View More
    • Topics

      • CFOs: From survival to revival
      • CohnReznick & Major League Baseball®
      • Coronavirus Resource Center
      • Creating value by building trust
      • GovCon360° Resource Center
      • All Insights
      • Integrated business planning
      • Optimizing outcomes for distressed situations
      • Housing tax credit data analysis and report
      • SPACs: An alternative to traditional IPOs
      • Strategic tax issues for capital markets
  • Events
  • People
  1. CohnReznick: Advisory, Assurance, Tax Firm
  2. Industries
  3. Life Sciences & Healthcare
  4. Healthcare
    Share CohnReznick
    Share
  • Print

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.  This is especially true for Federally Qualified Health Centers (FQHCs) and community-based healthcare organizations.

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 Behavioral Health, 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.

Claudine Cohen
Managing Principal, Transactions & Turnaround Advisory
View full biography
Contact Claudine
Pent-up Demand, Election Uncertainty, & Pains of COVID-19 Driving Uptick in M&A Activity
Learn more
Hospital Price Transparency: Ensuring Compliance & Creating Value
Learn more
What to Consider for Healthcare Valuations Post-COVID-19
Learn more
On-Demand Webinar: Health Care - Current Challenges and Future Issues
Watch now

4 Actions FQHC's Should Take Now to Navigate COVID-19 Disruption

Learn more
New York State Opens FEMA COVID-19 Disaster Funding Application for Eligible NYS Entities
Learn more
On-Demand Webinar: COVID-19 Revenue Cycle Response & Strategies
Watch now
$30B in Immediate Financial Relief to Providers Underway as Part of the CARES Act
Learn more

On-Demand Webinar: New Revenue Recognition Standard - Primer for Healthcare Organizations

Watch now
Top Risk Considerations for Healthcare Leadership Amid COVID-19
Learn more
 FQHC COVID-19 Financial Response Strategy
Learn more
Practical Advice for the Revenue Cycle Amid COVID-19 Pandemic
Learn more

Coronavirus Resource Center

Explore insight collection
  • Contact Us
  • Subscribe
  • Follow:
Industries
Consumer & Industrial
  • Hospitality
  • Manufacturing & Distribution
  • Consumer
Financial Sponsors & Financial Services
  • Broker Dealers
  • Independent Sponsors
  • 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
  • Corporate Real Estate
  • Opportunity Zones
  • Tax Credits
Renewable Energy
Technology & Media
Private Clients
  • Entertainment
  • Law Firms
  • Medical Practices
  • Private Clients
Cannabis
Services
Advisory
  • Accounting Advisory
  • Analytics & Data
  • CFO Advisory
  • CIO Advisory
  • Cybersecurity & Privacy
  • Enterprise Technology Solutions
  • Emergency Management
  • Project Finance and Consulting
  • Real Estate Advisory
  • Restructuring & Dispute Resolution
  • Risk Advisory
  • 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
Affiliated Companies
  • Asset Management & Insurance
  • Benefits Brokerage & Consulting
  • Capital Markets Advisory
  • Corporate Real Estate
  • Equity & Capital Placement
  • Government Contracting Technology Consulting
  • Risk Insurance Consulting
Insights
CFOs: From survival to revival
CohnReznick & Major League Baseball®
  • Business of Food
  • Community Development
  • Community Outreach
  • Elevating The Fan (Customer) Experience
  • Managing for Success
  • Mayor of the City
Coronavirus Resource Center
  • Federal coronavirus resources: Legislation, loans, and tax relief
  • SALT coronavirus resources
Creating value by building trust
GovCon360° Resource Center
  • The Cybersecurity Maturity Model Certification (CMMC)
Integrated business planning
  • Integrated business planning for manufacturing
  • Integrated business planning for retail
Optimizing outcomes for distressed situations
Housing tax credit data analysis and report
SPACs: An alternative to traditional IPOs
Strategic tax issues for capital markets
Events
People
Contact Us
Offices
© 2020 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.