Why Healthcare Providers Need IRO Expertise for OIG Audits
Manage risk & growth while preserving financial health.
Our nation’s healthcare systems are under constant pressure. The aging patient populations, rising costs of care, and shrinking reimbursement options are just some of the concerns. Management is also tasked with maintaining compliance in an increasingly complex regulatory environment.
These challenges require a lot from management. They must consistently monitor and adjust their approach to protect the organization’s assets, maintain its reputation, and avoid inquiries from regulators. With our team’s considerable healthcare industry experience, Bennett Thrasher can help you understand these risks so that you can focus on growth.
If you would benefit from the assistance of dedicated healthcare accountants and consultants, we can help. Contact Patrick Braley, Michael Dukes, Matthew Grosvenor, or Chris Roane to schedule a consultation.
If regulators raise questions or if you’re concerned that an investigation could expose gaps in compliance, our team can help. Our healthcare experts have decades of experience mitigating compliance risks for healthcare and life sciences entities, and if regulators do come calling, we have proven methods to address these inquiries. Here are just some of the ways that we can help:
Criminal Settlement
If your entity is involved in a criminal settlement — in a fraud or kickback case, for example — the Department of Justice (DOJ) may order you to maintain an independent monitor. Bennett Thrasher is qualified to serve in this role, bringing experience in compliance oversight and corporate governance for healthcare entities. As an independent monitor, we maintain contractual independence while we evaluate how well your entity addresses its lapses in compliance initiatives and sustains long-term improvements.
If you’re not currently involved in a criminal or civil case but are concerned your compliance program has gaps, we can conduct forensic reviews to uncover fraud, abuse, or misconduct. During these reviews, we can address:
Each forensic review is tailored to the situation, but in general, we collect and analyze evidence then report our finding to leadership so that you can take corrective action before a civil investigation or criminal proceeding arises.
While our Dispute Resolution and Forensics team focuses on hospital governance, other members of the Bennett Thrasher team can help with other important aspect of your entity’s operations. A few things we help with are:
Forward-thinking healthcare organizations are constantly adapting their strategies and systems. Bennett Thrasher stays on top of industry changes so that you don’t have to. We help protect your assets and reputation so that you can focus on advancing the health and wellbeing of the communities you serve.
“The transfer pricing audit ended after the German tax authorities reviewed our Local File. It might have been the best money I have ever spent.” – Feedback from Finance Director of Irish Multinational in Healthcare Industry following a transfer pricing audit in Germany
“Ben and his staff have been fantastic. They have been very professional and extremely patient as we navigate through our transaction and the planning process.”
“We are incredibly grateful for the partnership, support and collaboration of you and your team…Your professionalism and collaboration truly made the difference for the Company, our teams and our leaders.”
“As always, we very much appreciate your hard work and the hard work of the entire BT team.”
“In the past, I have used two of the top four national accounting firms for advice. I have found Jeff Call’s firm Bennett Thrasher, the most responsive, always available and very, very helpful. Once I’m not around, I’m certain my state trustee will continue to rely on Jeff’s firm.”
“Bennett Thrasher provided exceptional second mile audit services for Trilith Studios. Their team was thorough, knowledgeable, demonstrated a high level of attention to detail and provided clear communication throughout the entire process. We highly appreciated their collaboration and the professional service they provided throughout the entire audit process.”
“Just when you have self-assessed your company to possibly be the worst client ever, the Staff at Bennett Thrasher make you feel like you are their most important and beloved client. That ability is an attribute you don’t see in many accounting firms.”
Why Healthcare Providers Need IRO Expertise for OIG Audits
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