Healthcare
Healthcare

In today’s world, outside influences ranging from politics and public demands to investors and cybersecurity threats create an environment in which healthcare administrators have to worry about more than just healthcare.  So, how do you keep these growing demands at bay so you can continue to do what you love best?  You hire great advisors to help you navigate the waters and stay on course.

In the ever-changing landscape of policies, regulations and restrictions, it is more and more important to ensure that you have the right accounting team in your corner.  At Barfield, Murphy, Shank & Smith, we are committed to bringing you peace of mind for your accounting and tax matters so that you are able to focus on your operations, people and patients.  We can provide you with the expertise and tools needed to make sure that you have the right internal controls in place, your tax returns or financial statements are completed timely and efficiently and you have access to a team of professionals who are available to consult with you on the multitude of issues that you face every day. 

Additionally, as market pressures increase, healthcare organizations across the continuum will need to consider more than just normal operations, they will need to contemplate mergers and acquisitions, redesign of operations or infrastructure as well as implementation of new systems in order to stay ahead of the game.  This translates to the need for more capital.  Let our professionals help guide you through these turbulent waters so you can chart a course for success.

Services we can provide to the healthcare industry:

  • Governance and Organizational Structure
  • Integration of For Profit and Not-for-Profit, including Joint Ventures
  • State & Local Tax
  • Revenue Recognition and Reimbursement Assessment
  • Managed Care Experience
  • Data Privacy Review
  • Assist with Operating Agreements and Entity Selection
  • Practice Mergers & Acquisitions
  • Audits, Reviews & Compilations
  • Tax Planning & Compliance
  • Multi-state Tax and Business License Compliance
  • Healthcare Accounting & Analysis of Collections
  • Succession Planning