Audit, Consulting, and Tax for Federally Qualified Health Centers
AAFCPAs has extensive experience with financial and operational issues impacting FQHCs, including federal, state, and local government funding, Medicaid and Medicare reimbursement, telehealth, behavioral & dental health, the federal 340B drug pricing program, and more. We provide clients with a deep bench of expertise offering specialized consulting & reimbursement solutions, audits, tax planning & compliance.
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Matthew Hutt
Courtney McFarland
Charles Webb
Specialized IT Assessments for Federally Qualified Health Centers
Our comprehensive approach ensures that these vital health centers are not only compliant with federal and state regulations but also operating at peak efficiency.
Audit
AAFCPAs has provided CPA and advisory solutions to FQHCs and FQHC networks throughout the United States since our founding in 1973.
We have comprehensive experience with audits in accordance with Uniform Guidance / Single Audits, Financial Accounting Standard Board Requirements, state-specific financial reports, as well as organizations with employee benefit plans subject to ERISA compliance requirements.
We have expertise with the policies, procedures, and regulations related to healthcare accounting and financial requirements at all levels, including the U.S. Department of Health and Human Services (HHS), Centers for Medicare and Medicaid Services (CMS), state Departments of Public Health, and other state grant management agencies.
340B Pharmacy Program Audits and Consulting
AAFCPAs’ Healthcare practice has deep expertise in the federal 340B Drug Pricing Program compliance. We help clients:
- Successfully prepare for an Office of Pharmacy Affairs (OPA) audit,
- Ensure 340B Program integrity and maintain accurate records documenting compliance with all 340B Program requirements, and
- Mitigate major risks associated with the 340B Program.
Learn more about our 340B Pharmacy Program Audits and Consulting.>>
CFO/Controller Advisory
AAFCPAs provides a full range of outsource accounting and advisory services, including high level Controller and CFO solutions. These include financial statements, comparative reporting, budgeting, financial strategy & modeling, and market analysis.
We are fully equipped to assume a lead role in exploring and implementing means of managing and improving the financial performance of your organization. We may also assist with the oversight of internal controls, all areas of receivables management, standards implementation, and other systems and procedures to achieve efficiencies in your business office.
Our extensive experience serving FQHCs allows our staff to provide the types of industry-specific business insights our clients need. We are intimately familiar with FQHC financial processes, risk factors, patient populations, KPIs, and regulatory environment. Learn more about AAFCPAs’ Outsourced Accounting & Fractional CFO Solutions >>
Business Process & IT Consulting
AAFCPAs’ integrated Business Process & IT Consulting practice provides Productivity Improvement, Business Intelligence, and IT & Cyber Security solutions.
We advise FQHCs on improving revenue cycle processes and optimizing IT systems. We provide operational process reviews and robotic process automation solutions related to billing and collection, accounts receivable management, reserve analysis, fee schedule analysis, business process improvement, and recommendations for implementing denial management processes.
We help clients transform data into actionable insights. We leverage specialized skills, state-of-the-art technologies, and proven methodologies to extract, inspect, cleanse, and model data in order to discover meaningful information that supports better decision making.
We help FQHCs protect their patients’ personally identifiable information! We help identify risks that could potentially cause information loss or financial or reputational harm. Our solutions include IT & Cyber Security Assessments, Vulnerability Management as a Service (VMaaS), and HIPAA compliance certifications. Learn more.>>
Learn more about AAFCPAs’ Business Process & IT Advisory Solutions.>>
Revenue Cycle Management Services
In addition to best value assurance and tax expertise, AAFCPAs provides specialized advisory services for FQHCs to optimize reimbursements, including:
- Revenue Cycle Assessments
- Fee Structure Analysis
- Sliding Fee Discount Program Assessments
- Medicaid and Medicare Cost Reporting
- Denials Prevention and Management
- Dashboarding & KPIs
- Healthcare Consolidation & Coordination of Care
Tax & Tax Credit Transactions
We are instrumental in helping FQHCs fund new capital initiatives with various tax credit programs. Our comprehensive knowledge of all new, existing, and changing applicable tax credits includes New Markets tax credits, federal and state Historic Rehabilitation tax credits, tax credit exchange, tax credit assistance programs, and credits for use of alternative energy sources.
We provide advisory services to limited partnerships/limited liability companies from cost certifications at the project’s inception, to exiting at the end of tax credit compliance periods.
We also assist tax exempt organizations like FQHCs in optimizing the presentation for your Forms 990 to donors and the public.
Contact AAFCPAs
We look forward to speaking with you to determine how we may best solve your needs. A firm representative will reach out to your within one business day. Looking for additional ways to reach us? Visit our Contact Page. >>