The healthcare industry is in a state of emergency today. In an industry where change notoriously happens gradually at best, leaders should change to a posture of aggressive urgency if they want their facilities to survive. The negative after-effects of the COVID pandemic are felt by no industry greater than healthcare. The virus has left in its wake a system that is not only tired but wounded – physically and fiscally.
In most companies, developers are focused on meeting project deadlines, and that often leads to applications that are insecurely coded. Custom development can multiply vulnerabilities. Some 48 percent of developers think they leave vulnerabilities in their code, according to the State of Developer-Driven Security Survey 2022 from Secure Code Warrior.
In order to better serve clients in today’s challenging business environment, HORNE has named Bryan McDonald managing partner of the firm’s Healthcare division, and Kathy Watts as partner of accounting, advisory and tax services.
When it comes to sustaining or growing a business today, the status quo isn’t good enough anymore. We are in exponential times where the change around us is no longer incremental and we must anticipate the opportunities and challenges facing us in the future.
Exponential times have raised the bar for us to sustain business growth today. We are experiencing fast-moving change in so many facets of our businesses. Incremental thinking will only put us further behind so an effective strategic plan must be a priority.
A critical challenge facing businesses today is leadership development. Opportunities for exponential growth and succession of various leadership roles require companies to plan and be intentional to develop the leaders to secure a bright and growing future.
Large and small businesses have gone through massive changes in the past few years. Many saw their profits fall; they lost employees and suffered from supply chain issues.
The global pandemic reshaped the way we work. Not only did it expedite the shift to remote teams, it also highlighted the importance of work-life balance and allowed many workers to re-think their personal and career goals.
Cybersecurity and cyber insurance are a priority in today’s world, but in the past few years, these issues have become even more important for companies with employees working remotely. Working from home has multiplied the risks and occurrences of data breaches, and breach costs also have grown.
Cybersecurity risks challenge your business development. You need to address the bad risks so you can take the good risks that let you grow and maneuver to stay ahead of your competition. You also need expert insights into cyber risk and how you must defend your organization and protect your growth.
Technology’s power to disrupt is undeniable. One of the clearest examples rests in our pockets and purses. Decades ago, one would need a camcorder, gaming system, computer, stereo and encyclopedia – as well as a telephone – to replace just one of our mobile devices.
Since the early 1700s, when the first insurance companies were formed, organizations have sought to leverage data. What’s unique about now is the sheer amount of data available, thanks to how fast it’s generated.
If you don’t know your organization’s strategy, there’s a good chance company progress can be derailed. Change that equation with a dynamic and effective strategic plan.
Good preparation is crucial to good strategic planning – but you can’t finish without a robust strategic implementation program
Rural healthcare CEO, CFO, or other executive leaders: learn about how healthcare data analytics can transform your organization.
The U.S. House of Representatives and the U.S. Senate each have passed the Inflation Reduction Act, a $430 billion package that includes several changes to tax laws. President Biden signed the bill into law on August 16
Cy Hendricks is a senior manager for HORNE REDi Health where he serves client partners to design strategies to meet underserved communities’ needs and fill care gaps to sustain and improve population health. Additionally, he creates analytic solutions that can be delivered effectively and sustainably to rural markets.
Funds from the American Rescue Plan Act (ARPA) are available to hospitals, whether they need to recoup the costs of prior pandemic-related expenditures or invest in their organization’s future.
Did you know that medical, dental and hospital-related practices owned through private equity can qualify for the ERC? Even if you received PPP loans, you could still qualify for the ERC.
The federal government has incentivized the use of data to drive improvement in COVID tracking, measuring COVID impacts, improving population and mental health and addressing health inequities. Analytics
is critical for assessing data, discovering gaps and delivering quick-win recommendations leading to outsize gains.
S-10 reporting now impacts the majority of your organization’s uncompensated care reimbursement. Not only to ensure the health of your hospital but also the health of your community. With $8 billion in uncompensated care DSH funds available, the time to act is now.
The pandemic presented unprecedented challenges for American businesses and local governments. As our nation heads toward a post-Covid environment, equally unique opportunities are taking shape. What does this mean for you?
The ongoing COVID-19 pandemic has changed many aspects of our lives during the past two years. While it has created a number of new challenges, it has been especially challenging for businesses looking to reopen and consistently maintain safe workplaces, as well as comply with varying guidelines.
Buying or selling a dental practice is a major decision with lasting impacts. Dentists rarely turn over the keys and walk away from operations – the process is much more of a transition
rather than a transaction.
Dandy Taylor is a senior manager of technology and development for HORNE REDi Health. He primarily focuses on developing, communicating and implementing a technical strategy around the delivery of healthcare analytics to clients.
Stephanie Fowler is a senior manager in the healthcare practice at HORNE where she specializes in helping clients improve their financial performance by providing customized accounting solutions that include financial statements and forecast, accounts payable, accounts receivable and billing, income allocation and key metrics.
Claire Adams is a senior manager of analytic engineering and growth for HORNE REDi Health. She specializes in developing scalable analytic processes, training and growing analytic skillsets in small hospital systems, accountable care organizations (ACOs), physician practices and more.
Sam Turman is a senior manager of assessments and IP development for HORNE REDi Health. He oversees scaling assessment offerings from the HORNE REDi Health business unit and leads and informs intellectual property development. Additionally, he helps identify the best use of people, processes and technology for improving financial, operational and clinical outcomes for rural healthcare communities. He is passionate about leveraging analytic best practices and techniques to continually improve rural healthcare delivery.
Christy Street, Horne, speaks to Anna Grizzle, Bass Berry & Sims, about structuring provider compensation models from a regulatory perspective. The podcast looks at compensation issues in light of the newly issued Stark Law final rules. Sponsored by Horne LLP.
As a dentist do you ever find yourself struggling with the business side of running your practice and/or multiple practice locations? Would you like to be able to visually see both your financial and clinical data in one place?
Buying or selling a dental practice is a major decision with lasting impacts. Dentists rarely turn over the keys and walk away from operations – the process is much more of a transition rather than a transaction.
Episode 1 of Decision Point: America’s long-term care community wants to keep stimulus payments to stay afloat yet facility owners find themselves searching for reimbursable ways to spend. With so many strings attached, learn how you can spend the money and maintain compliance with federal rules and regulations.
The acceptance of federal assistance comes with the responsibility to justify how you spend those funds. In this episode, HORNE’s Audit Manager Hayley Deer describes what you need to do to pass a single audit.
Decision Point – Episode Four: The Scoop on Reimbursable Physical Therapy Programs for COVID Recovery Patients
Chris Hannibal, Doctorate of Physical Therapy for Progressive Health, explains how a physical therapy program is a win-win for patients and LTC facility owners. Patients are recovering with no rebounds and facilities can reimburse expenses associated with the program. In this episode, you will learn about a program that has identified symptoms physical therapy directors should look for to establish recovery goals and patient therapy schedules and how to get reimbursed for those allotted therapies.
Increased use of telemedicine puts many long-term care facilities at risk, and cyber-criminals are already targeting healthcare organizations which can adversely impact health information technology, medical communications, and patient and resident safety. Ryan Wallace from HORNE Cyber joins us on this episode to share 5 best practices to help keep your network secure.
In this episode, Brad Pierce of HORNE Cyber talks about how the majority of business owners who have invested in their cybersecurity posture still have a false sense of security. Listen to learn about how you can best protect your organization.
Courtney Bishnoi, Vice President of Quality and Programs at the American Health Care Association and National Center of Assisted Living joins this episode to promote the adoption of safe and effective COVID-19 vaccines. AHCA/NCAL launched the #GetVaccinated campaign as a way to share strategies to improve staff vaccination rates, debunk myths, and share important facts about the vaccine. They have made available important resources you can access at getvaccinated.us.
Dental practice transitions rarely involve the selling dentist “turning over the keys and walking away” from operations. With this in mind, a
dental practice valuation includes the difficult tasks of projecting future operations and discounting those projections to a single and subjective present value.
Amie Whittington Dean, Senior Manager in HORNE Healthcare’s Tax practice, created this helpful video explaining who qualifies for Employee Retention Credits and how to go about accessing them.
HORNE’s healthcare team provides clinical and financial insights to help optimize reimbursements, protect margins and identify solutions to capitalize on opportunities to increase efficiency and profitability.
On Friday, November 20, the U.S. Department of Health and Human Services (HHS) published the long-awaited final rules revising regulations related to the Physician Self-Referral Law (known commonly as the Stark Law), the Anti-Kickback Statute (AKS), and the Civil Monetary Penalty Law (CMP).
HORNE can help you bridge the gap between treating your patients and running a practice. We give you access to the clinical and financial data to make quick and informed decisions.
Not sure how to calculate lost revenue for your facility? Join Greg Anderson and Laura Gillenwater in this helpful video for hospitals and health systems.
What actions are most important for hospital administrators to take around Stark and Anti-kickback legislation? Find out in this conversation with HORNE and Friday Firm.
Propel your dental practice forward by maximizing your earnings from the beginning.
Debbie Wyatt serves as the operations manager for healthcare services at HORNE. She focuses on strategic initiatives, maximizing resources and improving processes. She provides financial and decision support including oversight of expenditures, financial analysis, and development of an annual budget and business plan. She also oversees an administrative support team and assists in the education and communication of firmwide policies across the team.
Christina Street is a partner at HORNE where she works collaboratively to serve healthcare organizations across the US. She specializes in physician contracting arrangements for large multi-facility health systems to single-physician medical practices, which includes the development and implementation of physician compensation modeling and fair market value contractual agreements.
Lisa Nothstine is a senior manager in healthcare services at HORNE. She is a part of the firm’s physician services division where she provides consulting services to medical groups and hospitals related to compensation valuation for physician employment, medical director services, call coverage services, stipends, management services and other hospital/physician contractual relationships.
Leigh Ellen serves as a business development senior manager in healthcare at HORNE. Her primary role is to develop and execute plans for strategic growth. She is experienced in marketing and trade association management as well.
Allison Little is an outsourced CFO that works with medical practices to achieve goals and advance growth. She provides financial strategies, based on trend analysis and projections, to give insights and opportunities for success. She is recognized for improving financial performance by providing customized accounting solutions that include accounts payable, accounts receivable and billing, payroll, income allocation, key metrics and measurements, financial statements and forecasts.
Chrissy Leggett serves as a senior manager for healthcare services where she helps clients achieve their mission and thrive financially by anticipating challenges related to industry hard trends, quantifying financial impacts, and providing insight to transform compliance burdens into opportunities.
Clint King is a partner in healthcare services at HORNE. He oversees audits primarily for healthcare and nonprofit organizations. He specializes in providing insights through data analytics in audit and revenue cycle consulting projects. He also has in-depth experience with complex healthcare revenue recognition issues, patient receivable functions and related cash flow improvement opportunities.
Tony R. Jones is a tax services senior manager in healthcare services for HORNE LLP. He provides tax services, specializing in employee benefits. Tony joined HORNE in 2004 and has more than 15 years of experience.
Mickey is a director for HORNE specializing in business accounting and consulting for healthcare clients. He serves for-profit and nonprofit clients by providing real-time financial information, reducing costs associated with business operations, and streamlining their accounting processes. He provides business advisory services in the areas of startups, mergers and dissolutions, outsourced accounting, compensation modeling, industry benchmarking, contract CFO, and business restructuring.
Laura is a senior manager at HORNE with over ten years of experience dedicated to healthcare reimbursement & advisory. She works closely with her clients to optimize reimbursement and serves entities that span the entire health care continuum. Laura specializes in medical education reimbursement (IME/DGME) and serves as HORNE’s in-house IRIS database expert.
Amie is a tax senior manager in HORNE’s healthcare services practice. She primarily provides tax and consulting services to nonprofit and healthcare entities, including hospitals, doctor groups and physicians.
Lori is a senior manager in healthcare services at HORNE LLP. Her work includes preparation of Medicare/Medicaid cost reports for hospitals and other healthcare facilities. She provides support for Medicare and Medicaid audits and is experienced in the preparation of Medicaid eligibility studies for hospitals.
Florence is a senior manager in healthcare assurance at HORNE. She primarily focuses on assurance review and consulting services to healthcare entities such as hospitals, clinics, nursing homes, retirement facilities and companies providing pharmacy services. She specializes in accounting and auditing standards for healthcare, governmental and nonprofit entities.
Jarrod Barraza serves as a senior manager in the healthcare valuation service line at HORNE where his practice focuses on business valuation and transaction consulting services in the healthcare industry. Jarrod joined the firm in 2019. Prior to joining HORNE, Jarrod served as a manager in a national healthcare valuation and consulting firm and as an intern at a boutique business valuation and litigation support firm.
Get the optimum price for your dental practice when it’s time to sell.
Use analytics to uncover opportunities to control costs, optimize reimbursements and improve cash flow.
HORNE has invested in a best-in-class healthcare analytics platform that gives providers access to transformative technology, without transformative costs.
In today’s environment, you face an array of challenges. Patient satisfaction. Shifting regulations. Burnout. Dealing with payers. Employee turnover. How you manage these challenges impacts your practice’s growth and success.
We help protect you from internal and external exposure that can impact your revenues — and your reputation.
We offer specialized insight with the most up-to-date valuation guidance and industry trends needed for sound business decisions.
Our HORNE team offers timely and relevant insights to help optimize reimbursements, protect margins and identify the best opportunities for growth. We evaluate your unique environment and look at the competitive forces to provide financial impact analyses and reveal the best strategies going forward.
We offer specialized insight with the most up-to-date valuation guidance and industry trends needed for sound business decisions.
Tax rules get more complex every year. Every decision you make impacts your tax situation. HORNE knows the vital impact of proactive tax planning.
Risk management involves every facet of your organization, regardless of your industry. We help transform risk into opportunity to give you peace of mind.
As partner for accounting, advisory and tax services, Kathy’s focus is on managed accounting and tax services designed to help various industries achieve their financial goals. She has collaborated with hundreds of business owners and leaders, providing strategic counsel and assistance ranging from initial startup to succession plans.
Kade Moody helps caregivers navigate the complexities of financial reporting and compliance, particularly as it relates to financing agreements, to help them maintain the cash flow sources necessary to accomplish their business goals. As a member of the firm’s Board of Directors, the leader of our Healthcare Assurance practice and the firm’s Designated Governmental Audit Quality Partner, he am passionate about meeting the needs of clients we serve.
My main purpose is to increase access and quality while reducing costs for healthcare providers. I’m wired for this job. It demands that we think strategically, navigate complex situations and produce solutions that are measurable and immediate. Our team brings the depth of knowledge, experience and common-sense counsel that is “table stakes” when working to solve one of our economy’s most pressing problems. Throughout my career, I’ve worked directly with governmental and other large entities to solve the unique issues associated with large funding streams and created frameworks for systematic measurement that deliver results.
Healthcare is going through tremendous transformation and clients need us now more than ever, particularly as it relates to physician/hospital integration. In helping our clients structure physician/hospital arrangements, Rud Bluementritt is in a unique position to point out areas of concern and suggest workable solutions that are sound and compliant with healthcare regulatory rules, so clients can avoid potential severe, far-reaching penalties.
The amount of time it takes to oversee routine accounting and financial operation functions is increasing. Let HORNE provide your managed accounting services.
Competitive advantage goes to the business that leverages data, automates its workplace & has a solid infrastructure. Transform your data & technology today.
Reduce exposure to cybersecurity threats. Stay ahead of the ever-changing regulatory requirements and strengthen your cybersecurity posture.
HORNE’s audit and compliance services provide a strategy to institute controls and manage risk and compliance to keep you prepared for opportunity.
Many companies and individuals have applied for funds from the Small Business Administration (SBA) 7(a) Relief Loans Paycheck Protection Program (PPP). Our previous communication addresses the recent suspension of the PPP due to inadequate funding. For our clients that did not receive funds or approval prior to the suspension, we will continue to work on completing applications and submitting to lenders in anticipation of additional funds being made available under the PPP.
Businesses today have to make tough decisions and search for funds to keep doors open and employees paid. Many applied for the SBA’s PPP loan to offset losses during the COVID-19 shutdown. The loan offers short-term relief, but there may be another opportunity for businesses to find additional monies in the form of unclaimed Mississippi state tax incentives.
It has come to our attention that a new email phishing or “spoofing” scheme is being sent to businesses seeking financial assistance due to COVID-19. The emails are an attempt to scam business owners that have applied, or are considering applying, for Paycheck Protection Program loans backed by the U.S. Small Business Administration. These emails may look legitimate and appear to come from your bank.