Strengthen the framework of your rural healthcare operations with guidance and strategy, so you can focus on your patients

With fewer resources than larger hospitals, it’s important to develop strong, efficient internal processes for sustaining a viable cash flow, maintaining data integrity, optimizing daily operations and providing quality patient care.

Healthcare industry advisors can help critical access hospitals attain this strong internal framework with greater confidence. An experienced advisor can help the hospital and healthcare operations select ideal technology solutions to either optimize current processes or add capabilities, like real-time data analytics, to optimize on a daily basis.
CAHs can use data to improve patient care, monitor performance and quality, and manage risk in several areas of their operations. For some, adopting this technology will require a digital transformation, and consulting with professionals who understand the industry is critical to selecting the right solutions.

What we offer

Revenue Cycle

Medicare/Medicaid Cost Reports and Reimbursement

Your Medicare cost report is more important to the financial success of your organization than you might think. It’s the way Medicare, and for some, Medicaid, determines reimbursement for many services you provide as a critical access hospital. 

Too often, CAHs simply update last year’s Medicare cost report. Preparing a cost report should involve more than reiterating last year’s filings with this year’s data. Cost reports can also provide insight about opportunities for improvement, like areas of improved compliance and possibilities for increased Medicare or Medicaid reimbursement. Annual assistance with the preparation or review of your Medicare cost report can help you increase your reimbursement, identify possible risks and make you feel more confident about your Medicare/Medicaid reimbursement.

Eide Bailly’s reimbursement specialists understand how important your Medicare cost report is to your financial success. We’ll take time to understand your hospital operations to help ensure proper Medicare/Medicaid reimbursement under cost-based rules. We personalize our service, obtaining quality data and completing your cost report on time—not just in time.

Operational Strategy & Process Improvement

Capital Budgeting and Finance Strategy

Any time a healthcare organization is considering a significant change such as new service lines, remodeling or rebuilding, it is crucial to make the right strategic financing decisions. How will you structure the debt? What impact will it have on return on investments? What is the best source of funding? How will it affect your long-term financial viability? By answering these questions to identify sources of capital and credit, strategic financing professionals can help you feel confident in your decisions.

Strategic financing professionals provide the following financial strategy and related services:

• Board education.
• Strategic planning facilitation.
• Forecasted financial statements
• Pro forma analysis
• Debt capacity studies
• Lease versus purchase analysis
• Departmental budget development and training
• Physician demand modeling
• Market demand studies

Our healthcare team has in-depth experience working with healthcare organizations nationwide to assist them in making the right strategic financing decisions, as well identifying funding sources.