Healthcare
Broussard & Company, CPA’s | INDUSTRIES
Healthcare Accounting
When it comes to niches, few are as “out there” as healthcare accounting. Operating under HIPAA and HITRUST compliance requirements, healthcare entities must also find ways to meet the rising costs of delivering healthcare alongside shrinking margins of reimbursements from private insurance, Medicare, and Medicaid.
Broussard & Company is a regional expert helping healthcare entities navigate healthcare laws and regulations.
Some of the providers we serve:
Nursing Home Providers
Through the 5-Star Rating program, nursing homes are graded on their ability to provide quality resident care with appropriate staffing. What they aren’t graded on is their ability to provide these services alongside declining reimbursement rates and rising operational costs.
Nursing Home Accounting Support
We have an accounting team dedicated to supporting nursing home providers and long-term care operators. Our team provides complete backoffice accounting and support for nursing home owners and operations including:
- Cash flow management
- Financial statements
- Payroll management
- Accounts Payable & Accounts Receivable
- Medical billing
- Spending floor assessments
- Financial audit
- SOC audit
- HIPAA Security Risk Assessment
- IT consulting and management
Non-Retail Pharmacies
Broussard & Company is a pioneer in the setup and management of closed-door pharmacies supporting senior living communities. Our consultants assist with risk assessment and financial planning, then form a transparent management team to work with you and other partners in your region to create and operate a closed door pharmacy.
Long-term care pharmacies help nursing home and assisted living operators provide fast, accurate medications to residents and offer nursing home operators a new revenue stream to offset the rising costs of providing quality resident care.
Assisted Living Communities
Assisted living communities offer residents the freedom of independent living, and Broussard & Company provides owners the freedom of independent operations. Our complete accounting solution is a turnkey, back office service that allows operators to offboard the management of accounting activities, so they can focus on providing assistance and quality living activities to their guests.
Cost Reports
With over 30 years of experience, Broussard & Company specializes in Home Office Cost Reports and Medicare Cost Reporting in Louisiana and Texas.
We assist our clients with cost report data collection, and then we quickly prepare your cost report for submission.
We can also analyze your submitted cost report data for ways to improve your financial outcomes.
Medicare Billing
Billing private insurance, Medicaid, and Medicare is a core part of our healthcare accounting service. Our team of trained medical billers relieve healthcare providers from the need to train and retain medical billing staff.
Our billers access your systems to bill and track your claims and payments to ensure timely cash flow. We assist with denials management and have a team of trainers that can educate your employees on coding and compliance changes.
BUSINESS ACCOUNTING AND ADVISORY SERVICES