SEK has over 50 years of experience offering financial consulting services for the healthcare industry. Our in-depth knowledge of the industry and its unique challenges gives us an opportunity to offer targeted services to our healthcare clients.

Accounting and Consulting Services

• New practices/new physicians
• Practice startup assistance
• Cost segregation study
• Financial model of cash needs
• Buy/sell agreements
• Income distribution formulas
• Entity selection and consulting
• Free schedule development
• Budgeting for financing and to ensure appropriate capitalization
• Employment agreements
• Non-compete provisions

Ancillary Service Development

• Review of opportunities for ancillary services/departments
• Accounting and reporting revisions for ancillary divisions
• Cost/benefit analysis of proposed ancillary services
• Development of income distribution methodology for ancillary revenues

Compensation/Benefits

• Design and implementation of incentive compensation programs
• Analysis of staff levels and responsibilities to propose recommendations for optimizing payroll costs
• Design and administration of employee benefit programs

Revenue Optimization/Cost Containment

• Practice management and operations support
  • Assistance with set-up and recruiting
  • Practice performance reviews
  • Workflow improvements
• Billing and collections review
• Financial and statistical analysis, including benchmarking for industry/specialty comparisons
• Fee schedule analysis
• Analysis of practice costs, including comparison of practice expenses to industry averages

Compliance Consulting/Fraud Prevention

• Assistance with compliance programs (HIPPA)
• Internal control review
• Fraud examination
• Litigation support services

Wealth Maximization

• Practice valuation
• Education funding planning
• Retirement planning
• Estate and gift planning

How Our Clients Benefit

• Financial expertise from advisors who are well-versed in tax law
• Information you can understand through reports tailored to your needs
• Affiliations with national associations, including the Healthcare Financial Management Association and Allinial Global’s Healthcare Community of Practice