The healthcare industry has never grappled with more pressures than it does currently. Sweeping legislative changes, a shifting reimbursement landscape, and an increasingly consumer-driven climate all contribute to an industry in distress.
This industry is heavily affected by consumer expectations for improved healthcare and greater clinical and financial transparency. Practitioners must address ever changing regulations, insurance issues, and dramatic changes in legislation while striving to deliver superior patient care. HIPAA adds a layer of complexity as well – hospitals, physicians’ offices, and all healthcare providers are obligated to adjust their billing, coding, and documentation procedures to stay in compliance with the Privacy Rule. Finally, the field is facing an uncertain future due to the passage of the Patient Protection and Affordable Care Act in 2010.
At HRSS, our highly experienced team of accounting, tax, audit, and advisory professionals understands the healthcare sector from both a domestic and an international perspective. Our services are tailored specifically to physician practices, dentists, hospitals, clinics, medical groups, surgery and imaging centers, and hospices. We address issues such as managed care contracting, billing compliance, Medicare/Medicaid regulatory compliance, review of insurance issues, physician compensation, coding and documentation review, and collection procedures, to name a few. With HRSS on their side, healthcare practitioners can focus on delivering excellent care to their patients while we ensure their practice runs smoothly and achieves long-term growth. Because current realities have added significant complexity to the healthcare sector, our engagements with our healthcare clients tap the highest level of expertise within the firm.