Eide Bailly

Eide Bailly is a CPA and Business Advisory firm with a national health care practice, serving more than 1,700 health care clients. Our services go beyond cost reports, audit and tax, to help you drive results and plan for a strong future. Learn more about how Eide Bailly can help at www.eidebailly.com.

Our mission…

The Eide Bailly Health Care Industry provides financial and business solutions to providers of health care services nationwide serving clients passionately and intelligently, adding value to all of our stakeholders. We are passionate about enhancing our client’s ability to achieve their visions for the communities they serve. We do so by helping them plan their future, offer assurances on their financial position, enhancing their reimbursement from third-party payers, improving their operational efficiencies, and ensuring compliance with federal and state rules and regulations.

The services we offer…

Eide Bailly is a CPA and Business Advisory firm with a national health care practice. Our services go beyond cost reports, audit and tax, to help you drive results and plan for a strong future. From finance to patient care, strategy to implementation, business offices to HIM, we approach health care with real-world experience. Our professionals specialize in revenue cycle, strategic financing, information technology, operational process improvement, organizational consulting, and reimbursement. The advantages we offer the rural hospital…

For more than 50 years, we’ve helped rural communities improve their finances, prepare cost reports, enhance physician alignment and navigate a strategic path to a more stable, sustainable future. We were among the first to help communities convert their hospitals to critical access status. And we’ve stayed with them, developing unparalleled expertise along the way.

But it does not stop there; we believe rural health systems today are a key economic driver in their communities and the center of health care reform in their community. To help, we have created a free online toolkit to assist rural hospitals with their own health insurance decisions and how to educate their community on the impact the affordable care act will have on local business.

Why we are different…

Health Care Professionals First, CPAs Next

Our dedicated health care team is comprised of professionals who have direct experience working in health care, including critical access hospitals, rural health systems, and home care and hospice organizations. From finance to patient care, strategy to implementation, business offices to HIM, we approach health care with real-world experience, first. Then we apply our accounting and financial expertise to what we know works on the ground, in reality, in today’s health care world. You won’t find a more qualified team who knows the business of health care and the challenges you face each day.

The value to your customers…

At Eide Bailly, many of our health care professionals grew up in rural America and we are passionate about helping small hospitals thrive. Like you, they have chosen to provide services where it can make the greatest difference.

Why we partner with NRHA…

Not only do we help hospitals succeed, we are dedicated to ongoing training, sponsorships and policy-making at the local, regional and national levels to preserve health care in rural America.

How our values align with NRHA’s…

Our firm has had the great honor of being a part of the rural hospital community, one we serve with great passion. Our people love knowing their work can make a positive impact in the lives of the communities. As we look to tomorrow, we will continue to work alongside these hospitals to improve the quality of health care in their communities.

The best thing rural hospitals offer their patients and community…

Your hospital is critical to the well-being of the community. As we move forward into a new health care landscape, now is the time to envision the possibilities, plan strategically and take action to ensure that your hospital remains a vital resource for the people who count on it.

How we can help…

• Revenue Enhancement
  Your hospital is critical to the well-being of the community. As we move forward into a new health care landscape, now is the time to envision the possibilities, plan strategically and take action to ensure that your hospital remains a vital resource for the people who count on it. Most patients rate their billing experience equal to or more important than quality of medical care they receive. We work with you to improve patient experiences and identify where you can capture more revenue, stop leakages and streamline your process to ensure you are paid the maximum return for services provided.
• Financing Strategies
  As you start down the path to turn your strategic goals into reality you will need assurance that your financial future will sustain your objectives. Our strong relationships with lenders and financial advisors, coupled with the skill of our health care financing team, will help you navigate the process towards financing success.
• Operational Process Improvement
  Doing more with less is a constant struggle. By examining your current operational processes, we find ways to improve efficiencies so you accomplish more with less, without undue strain on staff or budget.
• Technology Solutions
  Our technology solutions align people, processes and technology to enhance operational performance and reduce costs. Services include data analytics and reporting, accounting solutions (ERP), IT infrastructure and networking optimization, IT planning and assessments, HIPAA/HITECH privacy and security compliance.
• Reimbursement Strategies
  Together, we develop a deeper understanding of your organization and how your current structure and processes impact reimbursement. Then, we explore opportunities to enhance reimbursement while focusing on the delivery of health care services.
• Organizational Consulting
  We help you define strategic goals, map out actionable plans and work with you to achieve those goals over time. From physician alignment to strategic planning and staffing, to restructuring, mergers and health care reform, our consultants work with you to navigate pressing challenges and embrace opportunities.
• Tax Filing & Consulting
  Beyond filing taxes, we consult on a variety of issues that may affect your hospital:unrelated business income, Community Health Needs Assessments reporting, tax exempt status and filing, policies and procedures reviews and organizational structuring. We help you not only stay in compliance with tax laws, but protect your tax exempt status.
• Audit Services
  As a staple of our health care services, our audit teams work with you and your board to provide independent review of your financial reports. Our team interacts with your organization throughout the year to address issues as they arise and to consult with you when reporting requirements are changing.

Contacts:

Ralph J. Llewellyn, CPA, CHFP
Partner, Director of Critical Access Hospitals
701.239.8594
RLlewellyn@eidebailly.com

Ross Manson
Principal
701.239.8634
RManson@eidebailly.com