Selecting the Right Auditor for Your Hospice Care Practice Transaction
When buying or selling a hospice care practice, partnering with an auditor who understands the unique regulatory complexities and operational nuances of end-of-life care is essential. The right auditor will not only evaluate financial health but also assess Medicare compliance, clinical documentation quality, and regulatory risk factors that can significantly impact transaction value and success.
The due diligence process is where many practice sales encounter unexpected challenges. View our Transaction Support Services →
Top Auditor Firms Specializing in Hospice Care
1. Hummingbird Home Care Consulting
Headquarters: Nashville, TN
Service Area: National
Website: hummingbirdhomecareconsulting.com
2. SovDoc
Headquarters: New York, NY
Service Area: National
Website: sovdoc.com
3. BKD CPAs & Advisors
Headquarters: Springfield, MO
Service Area: National
Website: bkd.com
4. Moss Adams LLP
Headquarters: Seattle, WA
Service Area: Western United States
Website: mossadams.com
How to Select the Right Auditor for Your Hospice Care Practice Transaction
Choosing the right auditor for your hospice care transaction requires evaluating their specific experience with Medicare compliance audits, their understanding of clinical documentation requirements, and their track record with similar-sized hospice acquisitions. Start by requesting case studies of recent hospice transactions they’ve supported, and ensure they have dedicated healthcare professionals who understand the interplay between clinical operations and financial performance in the hospice sector.
The due diligence process is where many practice sales encounter unexpected challenges. View our Transaction Support Services →
Frequently Asked Questions
Why is it important to choose the right auditor for hospice care practice mergers and acquisitions?
Selecting the right auditor is crucial because they not only evaluate the financial health of the practice but also assess Medicare compliance, clinical documentation quality, and regulatory risk factors that can impact the transaction’s value and success.
Which auditor firms specialize in hospice care practice mergers and acquisitions?
Top auditor firms specializing in hospice care include Hummingbird Home Care Consulting, SovDoc, BKD CPAs & Advisors, and Moss Adams LLP. These firms have expertise in healthcare audit and M&A transactions.
What specific experience should you look for in an auditor for hospice care practice transactions?
You should look for auditors with specific experience in Medicare compliance audits, understanding of clinical documentation requirements, and a strong track record with hospice acquisitions of similar size. Requesting case studies of recent hospice transactions they supported is recommended.
Where are Hummingbird Home Care Consulting and SovDoc headquartered, and what is their service area?
Hummingbird Home Care Consulting is headquartered in Nashville, TN, and SovDoc is headquartered in New York, NY. Both firms provide their services nationally across the United States.
What role does due diligence play in hospice care practice mergers and acquisitions?
Due diligence is a critical process where unexpected challenges often arise during practice sales. It involves a thorough assessment of the practice’s financial, regulatory, and clinical operations to ensure a successful transaction.
