When buying or selling a neurology practice, having an auditor with specialized healthcare M&A experience can mean the difference between a smooth transaction and costly post-acquisition surprises. Neurology practices face unique regulatory scrutiny through Recovery Audit Contractor (RAC) audits and CMS compliance requirements, making it essential to work with auditors who understand both the financial and clinical aspects of your specialty.
The due diligence process is where many practice sales encounter unexpected challenges. View our Transaction Support Services →
Top Auditor Firms Specializing in Neurology
1. Seyfarth Shaw LLP
Headquarters: Chicago, IL
Service Area: National
Website: www.seyfarth.com
2. PwC Healthcare Advisory
Headquarters: New York, NY
Service Area: National
Website: www.pwc.com/us/healthcare
3. HealthCare Appraisers
Headquarters: Delray Beach, FL
Service Area: National
Website: www.healthcareappraisers.com
4. BKD Healthcare
Headquarters: Springfield, MO
Service Area: National
Website: www.bkd.com
5. Moss Adams Healthcare
Headquarters: Seattle, WA
Service Area: Western United States
Website: www.mossadams.com/healthcare
What to Expect: Audit Costs and Scope
For mid-sized, multi-location neurology practices, comprehensive due diligence audits typically range from $40,000 to $150,000. The final cost depends on several factors:
- Number of practice locations
- Complexity of your EHR systems and billing operations
- Volume of patient records and transactions
- Depth of regulatory compliance review required
Your audit should encompass not just financial reviews but also coding and billing compliance, especially given neurology’s heightened exposure to RAC audits. Practices that are outliers in claims data or span multiple regions face increased audit risk, making thorough due diligence essential.
Key Qualifications to Look For
When evaluating potential auditors for your neurology practice transaction, prioritize firms with:
- Demonstrated multi-site healthcare acquisition experience – Managing due diligence across locations requires specialized coordination
-
Deep understanding of CMS compliance and RAC audit protocols specific to neurology billing codes
-
References from previous healthcare M&A deals, particularly in medical specialties
- Expertise in both financial and operational due diligence within regulated healthcare environments
The right auditor should provide documented experience with multi-location healthcare integration, regulatory diligence, and post-transaction support capabilities.
How to Select the Right Auditor for Your Neurology Practice Transaction
Start by requesting sample reports and detailed breakdowns of total costs from your shortlisted firms, ensuring they can demonstrate recent deal experience specifically in neurology or similar specialty practice acquisitions. Contact firms like Seyfarth Shaw LLP’s healthcare M&A team for references and tailored quotes based on your practice size and complexity. Most importantly, verify that any auditor under consideration has the resources and expertise to support both the due diligence phase and post-transaction integration challenges unique to multi-location neurology practices.
Every practice sale has unique considerations that require personalized guidance. Book a Confidential Strategy Session →
Frequently Asked Questions
Why is it important to have a specialized auditor for neurology practice mergers and acquisitions?
Specialized auditors understand the unique regulatory scrutiny neurology practices face, like Recovery Audit Contractor (RAC) audits and CMS compliance requirements. This expertise helps avoid costly post-acquisition surprises and ensures a smoother transaction.
Which are some top auditor firms specializing in neurology practice mergers and acquisitions?
Top auditor firms include Seyfarth Shaw LLP (Chicago, IL), PwC Healthcare Advisory (New York, NY), HealthCare Appraisers (Delray Beach, FL), BKD Healthcare (Springfield, MO), and Moss Adams Healthcare (Seattle, WA). These firms have expertise in healthcare M&A.
What factors influence the audit costs for neurology practice mergers and acquisitions?
Audit costs, typically ranging from $40,000 to $150,000, depend on factors like the number of practice locations, complexity of EHR systems and billing operations, volume of patient records, and depth of regulatory compliance review required.
What key qualifications should you look for in an auditor for your neurology practice transaction?
Look for auditors with demonstrated multi-site healthcare acquisition experience, strong understanding of CMS compliance and RAC audit protocols in neurology, references from prior healthcare M&A deals in medical specialties, and expertise in financial and operational due diligence in regulated healthcare settings.
How can you select the right auditor for your neurology practice transaction?
Request sample reports and detailed cost breakdowns from shortlisted firms. Ensure they have recent deal experience in neurology or similar specialties. Contact firms like Seyfarth Shaw LLP for references and tailored quotes. Confirm they have the resources for both due diligence and post-transaction integration support.
