Our solutions-oriented consultants will identify the real issues and problems behind your challenges and will help you set business and financial goals. Our knowledgeable team members will develop practical solutions to help you succeed. Then, we will work to fully implement the solutions in a way that works well within your organization.

We work with single-specialty and multi-specialty physician group clients from two to 80 physicians. Somerset has extensive experience with all types of health care organizations, including ancillary service providers, surgery centers, imaging centers, therapy facilities, infusion centers, dialysis centers, hospitals, health systems and more.

Somerset has a strong specialty in the health care industry and has many dedicated professionals who are passionate about helping their health care clients succeed. Our health care clients have expressed that their Somerset consultants are as much a part of their team as are their employees.

Our Health Care Team principals and senior managers include:  Jeff Boomershine, Andy DePew, Steve Diagostino, Steve Dobias, Mike McCaslin and Cathy Weaver.

Our Hospital and Health Systems Consultants include: Reggie Elkins, Mary Knerr, Charlie Mason and Dave Oster.
 

• Critical key services
• Physician group/ancillary services consulting
• Hospital and health systems consulting services
• Assurance and tax services

Many of the practices we consult with have local accounting/tax service providers and legal counsel that are providing traditional CPA services. Our intent is not to disrupt those relationships but rather to work collaboratively with those professionals to provide expertise in the specific consulting/implementation services in the most efficient and effective manner to your organization. Talk with our Health Care Team about how to we can work with you. 
 

• ASC consulting/development/operations
• Diagnostic imaging and radiation oncology
• Fair market valuations
• Income distribution planning
• Mergers, acquisitions & joint venture analysis & facilitation
• Payer contract negotiations
• Physician compensation, employment & alignment
• Physician integration and health system integration strategies
• Physician practice operational assessment & benchmarking
• Real estate development
• Revenue cycle analytics, assessment & implementation
• Strategic planning and succession planning

• Accounting software support services
• Accreditation preparation
• Ambulatory surgery center consulting services
• Ancillary ownership, equity structure and governance planning
• Business/operational process improvement design and implementation
• Capital and finance planning
• Coding and compliance services
• Feasibility study and due diligence
• Fee schedule analysis
• Fraud and abuse/anti-kickback/Stark issues analysis
• Group practice governance design and succession planning
• Income distribution methodology design
• Internal control reviews, assessment and implementation
• Lending negotiations
• Licensure and certification support services
• Merger, acquisition and joint venture analysis and facilitation
• Orthopaedic medical practice and ASC benchmarking
• Payer contracting analysis and negotiations
• Policy and procedure development
• Project administration/representation for all phases of building design and construction
• Revenue cycle assessment and implementation
• Strategic planning/business plan development
• Valuation services for practice entities and compensation

Hospital and Health Systems
Consulting Services

Assurance and
Tax Services

• Physician compensation
• Revenue improvement - medical practice coding tools
• Physician alignment strategy
• Financial and operational turnarounds and
  interim management
  - Creation and adoption of financial
     turnaround plan
  - Execution of the financial turnaround plan
  - Creation of the operational turnaround plan
  - Execution of the operational turnaround
     plan
  - Provision of interim management at the
     C-suite level

• Audit, review and compiled financial statements
• Retirement plan audits
• Bookkeeping services
• Internal control review
• Corporate and partnership tax returns
• Individual tax returns
• Individual and corporate tax planning
• Creative tax strategies
• Multi-state tax planning and strategy development
• Sales, use, property and excise tax analysis

• Physician groups
• Surgery centers
• Imaging centers
• Dialysis centers
• Medical buildings
• Hospitals
• Health systems

“Somerset is very methodical, precise and hands-on. They are good communicators, especially with physicians, a key to success. They know what is going on in our business. Somerset thoroughly understands what we need from a practice perspective. They don’t just have the ‘book answer’ that other companies offer. They answer questions by applying the response to how I need the information.”
Sue Beaudoin, Administrator, Rehabilitation Associates of Indiana, P.C.
 

Somerset's Health Care Team administers and compiles data for several surveys each year.  These surveys result in valuable benchmarking tools and provide participants with useful management and salary data. Please visit our Surveys page for details.
 

Find out how Somerset CPAs can help you look at your practice or organization in a whole new way.  Call us at 317-472-2200 or 800-469-7206 or email today.

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