Health Care

The bottom line of health care is patient care, but we understand you have to make the numbers work. Weaver has 70 years of experience providing accounting, tax and advisory services to the health care industry. We provide expanded advisory services specifically developed to meet the evolving needs of health care professionals, including physicians, dentists, medical groups, hospitals, clinics, surgical, imaging and physical therapy centers whom we help navigate the uncertainty of ever-changing regulations and reporting requirements.

Services we provide to the health care industry include:

• Accounting and business office policies and procedures reviews
• Accounting services
• Application controls review
• Audits, review and compilation
• Budgeting
• Business continuity planning and disaster recovery
• Business process improvement (BPI)
• Compensation arrangements
• Employee benefit plan audit and review
• Enterprise risk management
• Federal and state tax compliance and planning
• Financial statement audit
• Forensics and litigation services
• Health benefit plan audits
• Internal audit, both outsourced and co-sourced
• Information technology (IT) audit
• Office procedures, operational efficiency and internal controls
• Regulatory compliance audits
• Review of information systems and accounting software packages
• Risk assessment
• Sarbanes-Oxley (SOX) compliance and monitoring
• System and Organization Control (SOC) reporting
• Valuation opinions

Weaver also offers the health care consulting services that are designed to analyze the various areas of a medical practice:

Practice management review

A practice management review provides a comprehensive analysis of health care business operations, identifies management strengths and weaknesses and provides recommendations for the business operations of your practice.

Patient income trend

A patient income trend analysis enables us to monitor and evaluate patient account activity and the results achieved by the business office. Through analysis of patient accounts receivable data, we identify trends and potential problems, and then convert this data into graphic representations and ultimately identify ways to improve reimbursements and revenue.