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Preparing for healthcare price transparency: what providers and payers need to know
At a glance
Hospitals and health systems face more complexities today than ever before. These changes can bring great rewards and successes if navigated correctly.
Baker Tilly’s consulting, assurance and tax services help healthcare providers minimize cost and increase revenues while balancing healthcare reform and patient demands. With disruption all around us, standing still is not an option. Our specialists are here to guide you through new payment models, optimizing patient outcomes, data privacy and hot topics that impact the future of your organization.
Our solutions
New payment models and new laws, a surge of data breaches and an increased focus on optimizing patient outcomes mean more complexities for your hospital to understand and overcome daily. The industry is even seeing a shift making you responsible for activities taking place beyond your doors. These intricacies are why hospitals seek Baker Tilly healthcare specialists. We can help calm your nerves and provide you and your team with the education needed to know exactly what to do.
We help hospitals and health systems:
- Balance meeting patient demands while managing costs by developing unique financial solutions through audit, tax and consulting services
- Manage risks related to ePHI through a HIPAA risk assessment and gap assessment
- Enhance their community benefit reporting to better support your federal and state tax-exempt status
- Develop a roadmap to mitigate risk readiness when transitioning to bundled payment arrangements
- Build a revenue cycle program that provides hospitals with the nimbleness and scale they need now and in the future
Related services
Finance and operations
- Value-based managed care services
- Revenue cycle optimization
- Service line analysis (Multi-hospital integration)
- Community health needs assessment (CHNA)
- Project financing
- Unclaimed property assessment
- Construction audit
Health system merger services
- Pre-merger due diligence
- Post-merger integration
- Post acquisition disputes
- M&A advisory (BT Capital)
Risk & internal audit
- Cyber/HIPAA
- Internal audits
Human resources
- Vantagen
- HR technology
- Employee benefit audits
Accounting
- Assurance
- Tax
Our services
- Advanced Revenue Cycle (ARC®) Operations
Advanced Revenue Cycle (ARC®) Operations
The revenue cycle game has changed. It is time to optimize your outcomes. - Risk Advisory
Risk Advisory
Baker Tilly addresses the full spectrum of risk, governance and compliance considerations in the context of industry, operations and culture. - Cybersecurity
Cybersecurity
Proactively protect and address your cybersecurity and information technology (IT) risks. - Internal Audit
Internal Audit
Leverage industry-specialized internal audit for organizational success. - Market Research & Alignment
Market Research & Alignment
Answer the fundamental question of “where to play” and “how to win” as you evaluate new markets – either geographical or industry.
After a significant time of working with the big four, we were looking for an audit partner that displayed better team coordination and client communication. We could not be happier with our choice to work with Baker Tilly. The transition was seamless! Baker Tilly does what they say they are going to do – they are exactly what we were looking for in a healthcare partner.Richard I. Bennett, CPA, FHFMA, EVP and Chief Financial Officer, The Guthrie Clinic
