Medical Professionals

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Medical Professionals

Prescribing You Financial Stability and Growth 

Today’s health care environment is complex and ever-changing. The practice of medicine is heavily regulated, subject to increasing competition and decreasing reimbursement, and affected by market factors that seem a mystery to the average physician.  At WellsColeman, we will partner with you to help manage your medical practice finances, while you focus on caring for your patients.

Our healthcare industry expertise can help your practice to grow and prosper by providing assistance in the following areas:

Benchmarking – Uses measurement and comparison to promote efficient management by analyzing your practice’s performance in comparison to that of your peers, evaluating specific work processes, costs, and compensation levels, and assessing billing and collection outcomes.

Business Operations – Assessing appointment and scheduling systems, improving billing and collection policies, developing and managing ambulatory surgery centers, measuring clinical outcomes and efficiencies, and improving patient flow systems – these are just some of the areas in which WellsColeman can help your practice operate more profitably.

Financial Management – Creating profit maximization strategies for healthcare providers includes assistance in the areas of billing and collections, managed care plan participation, revenue enhancement, denial management, coding and documentation, physician and staff compensation, retirement and succession planning, practice valuation, and many other pressing concerns.

Risk Management – Protecting your practice as it navigates an increasingly hostile regulatory environment includes assistance with Medicare compliance plans, billing and compliance audits, HIPAA requirements, federal anti-kickback statutes, OSHA safety programs, and patient, and workplace safety programs.

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Our Services to the Healthcare Industry include:

Assurance
Audit & Tax Reporting
  • Account and Interest Recovery Services
  • Accounting for Income Tax
  • Accounting for Uncertainties in Tax Positions
  • Accounting Method Strategies
  • Compensation and Benefits
  • Corporate/Federal Taxation
  • Cost Segregation
  • Expatriate Tax
  • Fixed Asset Advisory
  • International Tax
  • NOL Carry-forward Analysis
  • Nonprofit Taxation
  • Outsourced Financial Services
  • Pass-through Taxation
  • Private Client Tax Services
  • R&D Credits and Incentives
  • Sales Effectiveness
  • State and Local Taxation
  • Tax Controversy and Procedures
  • Tax Process Transformation Services
  • Transfer Pricing
  • Value Added Tax
Consulting
  • Assistance with Acquisition and Implementation of Information Technology Systems
  • Buy-Sell Agreements
  • Business Restructuring
  • Compensation Design
  • Design and Implementation of Internal Controls
  • Fee Schedule and Coding Analysis
  • Investigations and Compliance
  • Litigation and Dispute Resolution
  • Mergers and Acquisition Due Diligence
  • Policies and Procedures Manuals
  • Physician Buy-Ins
  • Retirement Plan Design and Implementation
  • Review and Management of Practice Receivables
  • Strategic Planning
  • Valuation Services
M&A Advisory and Integration
  • “Black Box” of Potential Payor Rate Analysis
  • Capital Advisory
  • Market and Financial Feasibility Studies
  • Post Merger Integration
  • Public Private Partnerships
  • Transaction Advisory Services
  • Valuations
Operations Performance Improvement
  • CMS Five Star Rating Improvement
  • Financial Improvement
  • Interim Management Services
  • Medicaid Waiver & Innovation Grant Implementation
  • Physician Alignment and Engagement
  • Relative Acuity Factor Score Protocols
  • Revenue Recognition and Reimbursement Issues
Risk Advisory, Disputes, Compliance
  • Corporate Integrity Agreements and Monitorships
  • Fraud, Waste and Abuse Investigations
  • Forensic Financial and Clinical Review
  • Post-Acquisition Disputes
  • Risk Advisory Services
Strategy and Implementation
  • ACO Development
  • Bundled Payment
  • Clinically Integrated Networks
  • Future State Modeling and Predictive Analytics
  • Governance * Organizational Structure Advisory
  • Population Health Management
  • Risk Modeling

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