Healthcare
Helping providers achieve superior outcomes
Our process begins with a comprehensive assessment of your situation, working closely with stakeholders to pinpoint opportunities, challenges, and risks. Our professionals then create a plan to help achieve your vision, drawing on best practices, benchmarking data, and our deep understanding of the healthcare landscape. At every step, we use both your feedback and advanced data analytics to continually fine-tune for success.
Our holistic solutions offer support across the healthcare community:
Ambulatory care management
- Ambulatory surgical
- Primary care
- Urgent care centers
Multidisciplinary support
Advisory, audit, and tax
When you work with CohnReznick’s Healthcare team, you’re gaining access to a deep bench of advisory, audit, and tax professionals experienced in providing solutions to this industry. We draw from across our team and our firm to provide the multidisciplinary support you need.
Advisory
Strengthen your organization's long-term financial foundation. We help control operating costs and transform finance functions to optimize performance, allowing the CFO to prioritize time and resources – and focus on value creation.
With data becoming the new cyber currency, healthcare organizations may be required to re-engineer their business practices, data privacy policies, and applications and backend infrastructure. We assess the cyber and privacy risks unique to healthcare organizations, conduct threat analysis and breach detection, and, should a breach occur, respond quickly to mitigate damages.
Let us help you develop a transformative technology strategy to sustain your competitive advantage. We help providers modernize their enterprise resource planning (ERP) systems and build solutions to share data throughout the healthcare value chain, meeting data interoperability and transparency requirements.
As a mission-driven industry, healthcare has embraced the social elements of ESG. The next step will be incorporating sustainability objectives such as reducing medical waste and improving energy efficiency – while still maintaining that social drive toward more equitable access to care. We’ll help you work toward these aims while also managing ESG risks, meeting reporting standards, and, where available, pursuing tax-incentivized investment strategies.
Prepare to win more government grants and contracts, and better manage your current contracts. We assist government contractors with a full-lifecycle approach to maximizing their competitiveness in the contracting process, managing the contracts won, and making sure financial and procurement processes are compliant, efficient, and effective.
As the healthcare industry races to keep up with evolving trends and challenges, from embracing digital health strategies to strengthening transparency and delivering more personalized care, CohnReznick help leaders transform their organization’s strategy, operations, and finances, with services including revenue cycle management, workforce management, capacity management and patient progression, pharmacy operations and management, integrated care delivery modeling, and much more.
Our Healthcare Transaction Advisory team helps providers utilize M&A as a means to address margin pressures and increase leverage with payors. We’ll help evaluate vertical and horizontal integration opportunities that improve patient care, and maximize value from each transaction.
Lasting exposure to negative operating margins and inadequate reimbursement rates can challenge healthcare providers’ solvency. We can help resuscitate a financially distressed provider, improve creditor confidence, and provide a foundation to move forward, with an emphasis on workouts, restructuring operations, preserving asset value, and rebuilding stakeholder confidence.
Protect your data, assets, intellectual property, brand, and community reputation – and your stakeholders’, too. Our risk solutions are tailored for healthcare’s unique regulatory and compliance environment. We help you analyze your risk profile, identify exposure areas, and develop implementation plans to reduce your enterprise risk.
Audit and Tax
Boost confidence in your financial reporting, maintain transparency, reduce risk, and fine-tune your internal policies and procedures. We offer a full range of services in accordance with American Institute of Certified Public Accountants (AICPA) and Public Company Accounting Oversight Board (PCOAB) requirements.
Navigate healthcare’s complex and nuanced tax landscape. Our federal, state, and local tax teams help healthcare organizations best manage their tax liabilities and reduce risk. We are well-versed in the tax implications specific to for-profit and non-profit healthcare organizations, including unrelated business income tax (UBIT) and joint venture taxation.
Which facilities are hackers targeting?
Bhavesh Vadhani; cybersecurity, technology risk, and privacy practice global leader at CohnReznick; explains what kind of medical facility is most often targeted in the quest to steal medical information.
Why is medical information so valuable to hackers?
Bhavesh Vadhani; cybersecurity, technology risk, and privacy practice global leader at CohnReznick; explains what kind of medical facility is most often targeted in the quest to steal medical information.
Related services
Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture.