Healthcare

The health care industry is transforming like never before. Lumsden McCormick has worked closely with many hospitals, physicians’ groups, and long-term care facilities, as well as numerous nonprofit health and human service agencies, throughout New York State. From community-based home health care agencies and clinics to regional health care systems, we offer valuable insight and exceptional expertise to the rapidly changing health care industry.  

Managing Risk, Improving Cash Flow

Our health care auditors and consultants will assist you to manage risk, find state reimbursement opportunities, and improve cash flow. Through our leadership in the Healthcare Financial Management Association (HFMA), our affiliation with the BDO Alliance USA, and a working knowledge of the New York State Department of Health (NYSDOH), Office of Alcoholism and Substance Abuse Services (OASAS), Office for People With Developmental Disabilities (OPWDD), Office of Mental Health (OMH), and the State Education Department (SED), we understand these increasingly regulatory environments and proactively offer practical solutions to even your most complex issues.

Our health care services include:

Audit and Assurance Services

  • Audits, reviews, and compilations of financial statements
  • Accounting systems, policies, and procedures
  • Consolidated Fiscal Reports (CFRs)
  • CMS 2552-10
  • CMS 2540-10
  • CMS 1728-94Institutional Cost Report (ICR)
  • Long-Term Home Health Care Program - LTHHCP
  • Ambulatory Health Care Facility - AHCF
  • Residential Health Care Facility - RHCF-2 and RHCF-4
  • Employee benefit plan audits
  • Forecasts and projections
  • Operations and internal control audits
  • Single Audits and Yellow Book audits
  • U.S. Department of Housing and Urban Development (HUD) program audits


Tax Services


Consulting Services

  • Bonding and other financing
  • Debt capacity
  • Due diligence - mergers and acquisitions
  • Fraud prevention, audits, and investigations
  • HIPAA compliance
  • Reimbursement
  • Medicare
  • Medicaid
  • Insurance companies
  • Appeals
  • Affiliations
  • Salary surveys and benchmarking

 

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Firm Resources

For more information about our accounting and consulting services for the health care industry, contact Michael GrimaldiJill Johnson, or complete the form below.

Services Leaders

Michael Grimaldi

Michael J. Grimaldi, CPA

Partner
Jill Johnson

Jill M. Johnson, CPA, CFE, CITP, FHFMA

Partner
Elizabeth Krause

Elizabeth S. Krause, CPA

Manager

Upcoming Events

Past Event - Slides Available: 2019 Exempt Organizations Conference

2019 Exempt Organizations Conference

November 22, 2019

Join Lumsden McCormick for our 25th Annual Exempt Organizations Conference featuring local and national experts presenting on a variety of pertinent industry topics.

Learn More
WNY Business Leadership Forum: Drink Craft

WNY Business Leadership Forum: Drink Craft

December 10, 2019

Buffalo, beers, and distilleries—oh my! It’s no secret, the Beer & Distillery Industry of Western New York is booming. Find out how it relates to markets around the United States at this seminar.

Learn More
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