Accounting and Consulting Services for Hospitals & Healthcare Providers

Lutz’s specialized healthcare group focuses on an array of services for healthcare providers. Our talented team of CPAs and consultants has 125 years of combined healthcare experience, averaging over 21 years. We have provided accounting and consulting services to hospitals and healthcare providers in Nebraska, Iowa, Missouri, Kansas, Colorado and South Dakota. Our promise is to “mind what matters” to you by working together to come up with innovative solutions and see them through to fruition.

 

We have assisted the following healthcare providers:

  • Hospitals and Health Systems
  • Critical Access Hospitals
  • Rural Health Clinics
  • Nursing Homes
  • Assisted and Independent Living Facilities
  • Home Health Agencies
  • Community Health Centers
  • Hospices
  • Healthcare Foundations
  • Other Related Healthcare Entities
Accounting and Consulting

Accurate and timely financial statements are vital to the success of any organization. From day to day accounting to a full range of financial consulting services, our team specializes in providing services tailored to your needs, giving you the time and flexibility to focus on providing exceptional patient care.

Our services include:

  • Accounting Outsourcing
  • Benchmarking
  • Budgeting
  • Cash Flow Analysis
  • Disproportionate Share
  • Financial Feasibility Studies
  • Financial Projections
  • Financial Statement Preparation
  • Internal Control Reviews
  • Retirement Plan Audits
Chargemaster Reviews

Lutz has partnered with Nebraska Hospital Association Services, Inc. to provide comprehensive Chargemaster Review Services to Nebraska Hospital Association member hospitals through a vendor agreement. Our team approach is to develop sensible solutions and then work to fully implement those solutions in a way that works best within your organization. We believe our chargemaster review service is an instrumental resource for hospitals to help ensure they are pricing accurately for services rendered.

Our services include:

  • Chargemaster Compliance
  • Chargemaster Reviews (Hospital and Clinic)
  • CPT and HCPCS Coding Review
  • Department Training
  • E&M Benchmarking and Analysis
  • Policy and Procedure Development
  • Pricing Review and Benchmarking
  • Timed Services Review and Benchmarking
    • Operating Room
    • Extended Recovery
    • Anesthesia

 

Coding and Billing

Lutz’s experienced coding and billing team assists healthcare organizations by working with data, people, technology, and processes at the patient and organizational level. Our focus is on helping facilities establish claims that are properly coded, compliant, and capture all services. Lutz will help facilities sustain changes to revenue cycle operations allowing you to plan for the long term.

Our services include:

  • Claim Denial Assistance
  • Coding and Billing Reviews
  • ICD 10 Education and Consulting
  • Medical Chart Reviews
  • Relief Coding
  • Revenue Capture Review
  • Staff Training and Policy Procedure Development
    • Coding and Billing
    • HIM Department
    • Overall Revenue Cycle
Financial Management Support

Lutz’s financial management support services team provides a variety of services, from providing advisory services to your current CFO and board of directors, to temporary and permanent outsourced CFO and controller services. Lutz will be a trusted partner and provide financial leadership during times of change and uncertainty.

Our services include:

  • Board Education and Training
  • Interim CFO Services
  • Interim Controller Services
  • Monthly, Quarterly, or Annual Financial Consulting
  • Permanently Outsourced CFO Services
  • Permanently Outsourced Controller Services
  • Training for CFO and Controllers
Provider Compensation Structure

Whether it be a provider wondering if they are getting paid enough to wondering if you are compensating staff adequately, our healthcare team can help provide guidance and analysis to help resolve the questions.

Our services include:

  • Analysis of current compensation levels compared to local market and also to national market
  • Bonus/Compensation plan design or change
  • Review of current compensation packages
  • Comparison of compensation to production
  • Mid-Level provider benefit analysis
Provider Enrollment & Licensure

Initial enrollment, changes of information, reassignments, and revalidations are complex and increasingly regulated tasks that characterize participation in the healthcare industry.  The Lutz provider enrollment and licensure healthcare team navigates the myriad of healthcare forms to properly enroll and license providers and healthcare organizations. We will work closely with organizations to proactively manage the enrollment and licensure process, unburdening staff and ensuring uninterrupted operations and cash flows.

Our services include: 

  • Changes of Information
  • Initial Enrollments
  • Licensure
  • Reassignments
  • Revalidations
  • State Applications
Cost Reporting and Reimbursement

The Lutz Cost Reporting and Reimbursement team understands the unique aspects of both the prospective payment reimbursement system and the cost based reimbursement model for critical access hospitals (CAH). When issues arise that require specialized knowledge of the intricacies of the cost report and reimbursement, allow us to provide the best resources to assist with your cost reporting needs.

Our services include:

  • Cost Report Preparation and Review
  • Financial Feasibility Studies
  • Medicaid Disproportionate Share Surveys
  • Medicare Bad Debt Tracking and Reporting
  • Medicare/Medicaid Cost Report Appeals
  • Payor Contract Audits and Compliance
  • Wage Index Reviews
Strategic Planning

With the complexity of the healthcare environment, strategic planning is an important tool to help your facility achieve the operational and financial performance desired. Lutz can assist you in understanding your current healthcare market, assess current operations, and accomplish strategic objectives.

Our services include:

  • Board Education
  • Strategic Plan Development
  • Contract Reviews
  • Cost Modeling and Projections
  • Compensation Structures
  • Service Line Planning and Operation
  • Financial Feasibility Studies

MIND WHAT MATTERS

We embrace your business as our own to energize the right solutions and help you thrive.

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OMAHA

13616 California Street, Suite 300

Omaha, NE 68154

P: 402.496.8800

HASTINGS

747 N Burlington Avenue, Suite 401

Hastings, NE 68901

P: 402.462.4154

GRAND ISLAND + NORTH 

403 Lexington Circle

Grand Island, NE 68803

P: 308.384.9910

LINCOLN 

601 P Street, Suite 103

Lincoln, NE 68508

P: 531.500.2000

GRAND ISLAND + SOUTH

2722 S Locust Street

Grand Island, NE 68801

P: 308.382.7850