Healthcare

Healthcare2018-12-04T20:40:58+00:00

CRI enables you to be a more effective leader of your healthcare organization.

Healthcare providers must perform a constant balancing act with their priorities: providing quality patient care, generating positive margins, complying with laws and regulations, controlling costs, and maximizing efficiencies. The healthcare industry is in a state of dynamic and unprecedented changes, resulting in new reimbursement methodologies, additional compliance and reporting burdens and frequent third-party investigations. CRI’s CPAs and advisors have years of experience in guiding providers through the constantly changing healthcare landscape.

We offer healthcare organizations a variety of value-added services, including:

Our healthcare professionals are also adept at completing Uniform Guidance Single Audits and compliance audits, as well as Medicare, Medicaid, and third-party insurer cost reports. We serve healthcare providers of nearly all types, including hospitals, physician practices, long-term care facilities, ambulatory surgery centers, rural health clinics, dental practices, and many others. No matter the size of your entity, CRI can help you be a more effective healthcare leader.

As a HITRUST CSF Assessor, CRI performs assessment engagements for clients seeking HITRUST Validation or Certification reports. We also assist clients with the adoption of the CSF framework, implementation, and remediation efforts following adoption. Visit the HITRUST Alliance website for more information.

MORE ON CHOOSING A HITRUST CSF ADVISOR

Unique Hospital Challenges with the New Revenue Recognition Standard

How to Potentially Improve Your Quality Five-Star Rating System 

Show Me The Money: 4 Key Factors For Healthcare Entity Financial Viability

Solutions Simplified

Down-to-earth descriptions of our services.
Accounting & Auditing Services

Advisory Services

Services Also Available for Healthcare

Healthcare Billing Office Reviews

A billing office review by CRI’s healthcare team helps to ensure that a medical practice is tracking and collecting all possible revenues. We begin by performing a walk-through with the billing staff to obtain a thorough understanding of the medical practice’s billing processes and their execution. The team then performs a charge capture analysis to document that all procedures are being captured and works with the billing personnel to establish standard reports to properly track billing efforts. Next, our procedures include performing a fee schedule review, an analysis of accounts receivable, and an examination of the practice’s denial management—all with the goal of ensuring that the office maximizes revenue and collections opportunities.

Business Support & Transactions Services

Employee Benefit Plan Services

Governance, Risk & Assurance Services

Services Also Available for Healthcare

Healthcare Medicare, Medicaid, and Third-Party Insurer Cost Report Preparation

CRI’s cost report preparation services allow healthcare providers to comply with Medicare, Medicaid, and other third-party requirements, as well as understand and maximize their reimbursement potential. Our team begins by obtaining an understanding of your obligations and advises you on your regulatory reporting requirements to assist in the preparation and filing of accurate and compliant cost reports. Our recognized expertise in healthcare reimbursement—combined with your team’s knowledge—allows you to analyze and maximize reimbursements, compare revenues to the cost of providing services, evaluate the profitability of operations, and assess compliance with reporting requirements.

HIPAA Assurance Services

CRI’s IT audits & assurance team has a broad and unique healthcare background. This experience allows us to quickly and effectively identify risks related to electronic patient health information (ePHI). The combination of our healthcare experience and our technical skills enables us to understand the most complex patient systems while delivering value to you. We provide your organization with assurance related to multiple platforms – from cloud information systems to workstations and servers – because our qualified professionals have obtained credentials such as Certified Information Systems Auditor (CISA) and Certified in Risk and Information Systems Control (CRISC).

HIPAA IT Risk & Security Assessments

The Health Insurance Portability and Accountability Act (HIPAA) compliance process begins with an IT risk assessment. Meeting the HIPAA guidelines for maintaining proper protection of electronic patient health information (ePHI) requires expertise in both the IT arena and the healthcare industry. Our IT audits & assurance team consists of Healthcare Certified Information Systems Security Professionals (HCISSP) and practitioners of the Health Insurance Trust Alliance’s Common Security Framework (HITRUST CSF). Our risk and security assessments help covered entities and business associates demonstrate that the confidentiality, integrity, and availability of ePHI are in place and meet the HIPAA guidelines, as well as those of the Health Information Technology for Economic and Clinical Health (HITECH) Act.

IT Audits & Assurance Services

Tax Services

Jinping Su, Chief Financial Officer, Health Systems Management, Inc.
“Carr, Riggs & Ingram has been our auditor since 2005. Their non-profit team prepares us well in advance to be ready for their on-site work. This up-front effort along with their in depth understanding of the health care industry has consistently reduced the on-site time for the actual audit and ensured that we meet our very tight reporting deadlines. We are very happy with their service.”
Joette Kelley-Brown, President, Kelley Health Holdings, Inc.
“We are a long term care chain located in Alabama. Carr, Riggs & Ingram has provided us with multiple services including interim and yearly financial accounting services, cost reporting, consulting and payroll processing services in addition to other services for over 7 years. Throughout providing these services, CRI has demonstrated consistent and high level efforts to assist us in achieving our accounting and management needs. We appreciate that CRI has maintained a high level of partner interaction and has built a solid and proactive relationship with our management and staff.”