Health care
Overview
Tyler, Simms & St. Sauveur offers effective and efficient internal audit solutions to hospitals and other acute care providers. Our team has extensive experience in providing internal audit services to clients in the health care industry, as well as in providing financial statement audit and consulting services. Based on our knowledge of your industry and our experience providing internal audit services, we are able to provide the information you need to make meaningful management decisions.
The scope of our engagement would be tailored to your needs and agreed upon before we begin our work. We can assist you in:
- Identifying organizational risk areas and developing/executing a related audit action plan;
- Resolving operational and/or financial reporting weaknesses in key areas;
- Performing tests that support the external financial statements audit; and
- Special projects.
We have expertise in auditing the full range of your business operations, including:
- Compliance
- Charge capture
- Ancillary services
- Payroll
- Purchasing
- Accounts payable
Tyler, Simms & St. Sauveur recognizes that the challenges in the health care industry are unique and ever changing. We understand the external pressures that are continuously forcing health care providers to provide more services with fewer resources.
We at Tyler, Simms & St. Sauveur understand your business. Our seasoned team of health care professional staff is committed to providing innovative solutions to management and operational challenges. We provide services to hospitals, skilled nursing facilities, home health agencies and physicians and physician groups.
In addition to the traditional health care audit and tax compliance services, we offer:
Third-party reimbursement
We work with clients to maximize reimbursement and comply with regulations. We can either prepare or review your cost report. We assist several hospitals in evaluating their estimates of third-party settlements on a regular basis.
Decision support services
We have teamed with Kreg Information Systems, a leading decision support software provider, to provide today’s health care administrator with solutions to a variety of strategic and operational problems. Kreg Information Systems deploys innovative technology that addresses a variety of critical financial planning functions, including cost accounting, product-line management and managed care. We are able to interface with our client’s internal systems with Kreg’s decision support systems to capture information from many different systems general ledger, medical records, payroll and billing systems. Using this information and the Kreg software, we are able to prepare a comprehensive report and on-going recommendations to maximize third-party revenue, provide on-going Medicare compliance, correct and monitor billing submission errors and provide management with detailed, accurate information to make decisions.
Consulting services
We perform various project and analysis work based on the needs of the client. We have assisted our clients in regulatory appeals, compliance planning and education, financial feasibility studies, benchmarking, interim controller services, operational and coding reviews, business valuations and due diligence engagements.
Employee benefit consulting
Our employee benefit department is available to assist our health care clients in designing cost-effective benefit programs, perform compliance audits of the benefits plans, design and/or administer retirement plans and design and administer cafeteria plans.