Spring 2012 issue of Horizons

Professional Services – continued

In the event that a provider receives a “probe” letter, it is strongly recommended that the provider consult with legal counsel. While all of the aforementioned factors are exerting pressure on the financial performance of physician practices, practices still need to stay focused on enhancing the value of their practices.

RubinBrown’s healthcare professionals can help you with: • Practice valuation • Corporate compliance programs • RAC audits along with a healthcare attorney • Billing reviews

To enhance value, practices need to target four areas:

1. Cost management 2. Staff productivity 3. Patient receivable management 4. Patient satisfaction

In the event that a physician decides to sell or merge, a business valuation should be initiated to ensure that an equitable price is received for the value of the practice. While it is clear that physician practices are facing many regulatory challenges over the next several years, physicians need to initiate appropriate steps to protect the economic value and integrity of the practice.

RubinBrown’s Professional Services Group Specializing in law firms, architects, engineers and healthcare practices, we have expertise in the accounting and tax requirements needed by professional services firms.

Ken Rubin, CPA - St. Louis Partner-In-Charge Professional Services Group ken.rubin@rubinbrown.com 314.290.3417

Greg Osborn, CPA - Denver Managing Partner, Denver Office greg.osborn@rubinbrown.com 303.952.1250

Mary Ramm, CPA - Kansas City Partner Professional Services Group mary.ramm@rubinbrown.com 913.499.4406

Steve Moro, CPA - St. Louis Manager Professional Services Group steve.moro@rubinbrown.com 314.290.3244

Raise Your Expectations

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