Core Service Offerings

Risk Based Audit Planning
An approach to audit work focused on strategic, regulatory, financial and business risks that face organizations. Risk Based Audit Planning works to maximize the impact of assurance and consulting activity within the limitations of available resources. A risk assessment is the first step in internal audit and compliance programs, and serves as the focal point for risk tolerance and resource discussions.

Compliance Risk Assessment
An approach similar to risk based audit planning, a compliance risk assessment is focused on identifying risk associated with a corporate compliance program in contrast with State and Federal regulatory activities. A compliance risk assessment can include measuring the effectiveness of the current compliance program, comparing organizational activities to nationwide regulatory initiatives and developing focus areas for monitoring.

Special Projects Cosourcing
Hospital Audit Consultants work with clients to provide cost effective solutions in areas where special skills are necessary and unattainable within a client infrastructure or not needed on a full time basis. We work to provide these services on an engagement basis in such areas as fraud investigation, information technology auditing, medical record peer review, and forensic accounting.

Full Internal Audit Outsourcing
Hospital Audit Consultants can provide a full outsourced internal audit service to your hospital, nursing home or physician practice. Using experienced professionals with appropriate credentials risk based internal audit programs can be developed and implemented to support operational objectives and the governance structure.

Compliance Program Development
Corporate Compliance Programs are required for all entities that participate in Federal payer programs, such as Medicare or Medicaid and receive annual reimbursement in excess of $5,000,000. Although not required in some states, entities receiving less reimbursement may not be required to establish and implement a compliance program, but it is highly recommended. Entities with established and functioning programs enjoy a strong governance structure, operational efficiency and a reduced risk of regulatory scrutiny. We provide direct consulting activities to assess, develop and implement a corporate compliance program for hospitals, nursing homes, and physician practices.

Fee Structure
Services are customized to meet the needs of individual clients. As a result, fee’s are specific by engagement and client need. Engagements may consist of short term or long term contractual relationships and typically include service fees, plus travel and related business expenditures.

More information can be obtained by calling 518.478.2414 or via email to info@hospitalauditconsultants.com