Behavioral Health

The complexities associated with assurance and tax grow as the size of your organization increases. At Baker Tilly, our team of dedicated assurance and tax professionals can help address the unique needs associated with behavioral health organizations. Our team can help with preparing and reviewing financial statements, deciphering accounting standards, reducing tax liabilities, and safeguarding the tax-exempt status of not-for-profit organizations.  

Assurance and tax solutions 

Improving and maintaining the company’s financial health is critical for the longevity of any behavioral health organization. At Baker Tilly, our team of healthcare professionals offers a proactive set of solutions that help providers understand, circumvent and monitor financial pain points, as well as avoid unnecessary costs and mitigate potential risks.  

Healthcare financial sustainability solutions

Internal and external factors cause complexities to the relationship with third parties (e.g., government, Medicare, Medicaid, etc.). Baker Tilly works with our clients to help evaluate, negotiate and secure fair reimbursement rates, as well as maintain compliance with regulations regarding the licensing and operations of facilities.  

Managed care and grant compliance solutions

Behavioral health organizations are facing challenges as more funding sources continue to transition from a fee-for-service (FFS) model of care to value-based care (VBC) arrangements. At Baker Tilly, we help providers understand their organization’s current state of readiness by conducting feasibility studies and determining any potential gaps. Our team also helps design, implement, and monitor new and existing VBC programs to help optimize the care delivery models of organizations.  

Value-based care solutions

The development of quality, affordable housing is vital, but it also has complexities that introduce additional rules and regulations that govern operations, finances and reporting. Paired with our real estate experience, Baker Tilly works with for-profit and not-for-profit affordable housing owners and developers to take advantage of tax credits and rental assistance programs for people with disabilities. 

Affordable housing solutions

Healthcare leaders make difficult decisions every day as they plan for the enduring success of their behavioral health organization. Baker Tilly can help your organization plan for the future by creating a digital transformation pathway that’s unique to your specific situation. Our solutions include interoperability and system integration, EMR implementation and optimization, automation of operational tasks, leveraging data analytics, and more. 

Healthcare IT solutions

Behavioral health organizations are exposed to many forces that can put their company at risk, including financial, operational and reputational damages. At Baker Tilly, our team or of risk advisory specialists offer a wide suite of enterprise risk management (ERM) solutions that help leaders make better, more informed decisions. Our team can also help set up the appropriate internal controls to recognize and minimize risks, as well as establish data privacy and cybersecurity policies and protocols. 

Healthcare information security solutions 

The Health Insurance Portability and Accountability Act (HIPAA) requires covered entities to adhere to specific rules that will safeguard the protected health information (PHI) and data of their patients. At Baker Tilly, our team of in-house specialists can help behavioral health organizations conduct HIPAA security risk assessments so that they can identify and correct any compliance gaps.  

HIPAA risk assessment solutions 

Many organizations contemplate one of the biggest questions they may ever have to face – do we want to acquire or transition the business? Baker Tilly’s transaction, accounting and tax specialists work with behavioral health organizations to identify and prepare for a transaction opportunity; negotiate, structure and close the deal; and plan beyond the transaction closing with straightforward advice. 

M&A solutions

The organizational structure of behavioral health entities continues to evolve in response to the economic environment and challenges being faced.  This evolution includes the increased financing of operations by private equity investors. Baker Tilly’s team of behavioral health and private equity specialists can support your organization’s mission and assist with the complexities involved with this structure. 

Private equity solutions