Blum Shapiro - Certified Public Accountants and Business ConsultantsBlum Shapiro - Certified Public Accountants and Business Consultants
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Healthcare: Long-term Care

Blum Shapiro has assembled a team of healthcare professionals who have extensive experience with nursing homes, assisted living facilities, residential care homes and other senior housing providers. We understand the full range of your challenges from both the financial audit and cost reimbursement maximization perspectives and offer a range of accounting, auditing, tax and consulting services to assist you.

As Connecticut's largest regional CPA firm, we offer the resources and sophistication of a large firm and the personalized attention of our partners. The size of our firm has allowed our professional staff to develop specialized service and industry focuses and to keep abreast of new laws and pronouncements affecting our work.

Some of the services we provide to the healthcare industry include:

Auditing, accounting, tax compliance and tax consultation
In these times, the reputation and experience of your audit firm is of great importance. Our expertise in the healthcare industry, as well as the quality of our audit process gives you the assurance that you need. We assist you in dealing with issues such as sales tax regulations and compliance with local, state and federal tax law.

Certificate of need assistance
When you're planning to change the configuration of your facility, the state's regulatory systems will come into play. We assist with the application, attend hearings · in short, provide services for all stages of the approval process.

Cost control studies
Where are your major costs coming from? Are what may seem like small expenses adding up to more than they should? We can help you determine just where your costs are.

Cost segregation studies
Recent IRS rulings may prove advantageous to accelerating depreciation of your costs for land, property and capital expenses. Our tax consultants can advise on the benefits of a review of these costs.

Financial forecasting and budgeting Consulting and assisting on financing issues
If you're thinking of expanding a facility or service, just what will the impact be on the financial picture of your business · and how will you pay for it?

HIPAA compliance assistance
The Federally legislated Health Insurance Portability and Accountability Act of 1996 covers a myriad of health care issues · therefore, HIPAA means different things to different businesses. Security and privacy of health data, setting standards for electronic healthcare transactions and Medicare and Medicaid fraud and abuse issues are just a few of the many, many areas incorporated into this huge bill. We'll assist with the compliance issues pertinent to you.

Medicaid and Medicare cost reporting
Like tax returns, these state and Federal forms just get more complicated. Filling them out correctly is imperative; costs are a key component of much of your reimbursement and you need to be certain that your costs are appropriately represented.

Operational consulting, Organization studies & Revenue maximization
How does your organization fare when compared with similar ones? We can provide comparative data to help you understand the cost structures of different facilities, advise you on ways to make your business work more efficiently and point out whether there are ways you could be leaving money on the table.

Ownership/Transition planning
What are the tax implications of selling or passing on your business?

Reimbursement consultation and assistance
We help clients deal with state Medicaid and Medicare reimbursement issues including assistance with third party audit issues.

Strategic planning services
If you're in one business and thinking of expanding into another, strategic planning will help you weigh the pros and cons.

Third party billing consultation
How to set-up and maintain efficient systems specific to your business when you're billing Medicare, Medicaid and insurance companies.


People
· Barbara S. Bergren
· Lori M. Budnick
· Amy K. Doyle
· Ronald J. Durie
· Jonathan H. Fink
· Marcus R. Harwood
· Louis B. Obermeier
· Darrell G. Pataska
· Elizabeth A. Solecki
· George W. Thomas


Resources
· Newsletters
· The Healthcare Team PDF, 2MB
· Association for Long-term Care Managers (ALTCFM)
· Connecticut Association of Healthcare Facilities (CAHCF)
· Connecticut Assisted Living Association (CALA)
· Connecticut Association of Nonprofit Providers for the Aging (CANPFA)






 
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