Healthcare CPAs and Business Consultants
Healthcare organizations are under constant pressure to manage regulatory requirements, protect margins, and adapt to changing care and reimbursement models. LBMC provides healthcare CPA, tax, advisory, and consulting services designed to help hospitals, physician groups, and healthcare businesses stay compliant, improve financial performance, and operate more efficiently.
Our healthcare team brings together audit, tax, transaction advisory, cybersecurity, and technology solutions to address both day-to-day challenges and long-term strategy. As a Top 40 firm with deep experience across the healthcare industry, we work alongside your team to provide practical guidance that supports better decisions and sustainable growth.
Questions About Our Services?
Whether you’re navigating change, planning for growth, or addressing operational challenges, our team helps you determine the right strategy for your business.
The Challenges Healthcare Organizations Are Facing
Healthcare organizations are navigating increasing pressure across financial performance, compliance, and operations. Leaders must balance patient care, regulatory requirements, and margin constraints while adapting to ongoing industry change.
Key challenges include:
- Managing reimbursement complexity and financial performance
- Keeping pace with evolving regulatory and compliance requirements
- Addressing workforce shortages and operational efficiency
- Protecting sensitive data while meeting cybersecurity expectations
- Adapting to technology, data, and care delivery changes
Featured Podcast: Building a Vision for Healthcare Innovation
Hear from Apryl Childs-Potter, President of the Nashville Healthcare Council, as she shares insights on leadership, growth, and the future of healthcare innovation.
Key takeaways:
- Building a collaborative healthcare ecosystem and national innovation hub
- Creating a culture of feedback and continuous improvement
- Empowering teams to lead with independence and accountability
Healthcare Services Built Around Your Reality
Healthcare organizations face constant pressure to balance compliance, financial performance, and patient outcomes while navigating regulatory changes, reimbursement challenges, and workforce constraints. LBMC brings together specialized healthcare expertise across advisory, audit, tax, cybersecurity, and technology to help organizations operate more effectively and plan for what’s next.
Healthcare Advisory & Business Consulting
Healthcare leaders need clear insight into financial performance, reimbursement, operations, and regulatory change. LBMC works alongside leadership teams to improve visibility, evaluate opportunities, and align financial, clinical, and business strategy.
That can include improving healthcare operational efficiency, strengthening financial management and reporting, or helping multi-entity organizations streamline financial consolidations. For organizations focused on reimbursement, our team also helps leaders evaluate revenue cycle strategies and navigate changing payment models.
Related services:
Healthcare Audit & Assurance Services
Accurate reporting and strong internal controls are essential in today’s healthcare environment. LBMC provides audit and assurance services tailored to healthcare organizations, helping organizations meet reporting requirements, strengthen controls, and minimize disruption to operations.
Our healthcare specialists understand the financial and regulatory issues providers face, from implementing effective internal controls within physician practices to addressing specialized audit requirements such as Provider Relief Fund audits.
Healthcare Tax Services
Healthcare organizations face complex and evolving tax requirements across federal, state, and local jurisdictions. LBMC’s healthcare tax professionals help organizations manage risk, improve cash flow, and identify planning opportunities as their operations grow and change.
Our team advises healthcare organizations on issues ranging from sales tax complexity in healthcare to the treatment of contractual allowances and bad debt and opportunities such as cost segregation for healthcare facilities.
Healthcare Cybersecurity & Technology Solutions
Healthcare organizations face heightened responsibility for protecting sensitive data while maintaining increasingly complex technology environments. LBMC helps organizations assess risk, strengthen security and compliance, and use technology and data more effectively.
Healthcare leaders can prepare for evolving regulatory and security risks with resources such as our OCR audit preparation checklist and guidance on how HICP can strengthen healthcare cybersecurity programs. Organizations can also explore strategies for addressing the growing cybersecurity threats facing healthcare organizations as they evaluate security risks across increasingly complex technology environments.
Healthcare Insights — Delivered to Your Inbox
Get timely insights on regulatory updates, reimbursement trends, and strategies to improve financial and operational performance across your healthcare organization.
What you’ll receive:
- Healthcare regulatory and compliance updates
- Revenue cycle and financial performance insights
- Technology and cybersecurity guidance for healthcare
- Invitations to webinars, events, and new content
Why Healthcare Organizations Choose LBMC
Healthcare organizations need more than technical expertise — they need advisors who understand the operational, financial, and regulatory realities of the industry. LBMC brings deep healthcare experience, integrated services, and a hands-on approach to help organizations make informed decisions and move forward with confidence.
Healthcare-focused expertise at scale
Healthcare is one of LBMC’s largest industry verticals, with dedicated teams who work exclusively with hospitals, physician groups, and healthcare organizations. This focus provides a strong understanding of reimbursement, compliance, and operational challenges unique to the industry.
Leadership involvement and accessibility
Experienced shareholders and senior leaders are actively involved in client engagements. You have direct access to decision-makers who understand your organization and can respond quickly when issues arise.
Integrated services across your organization
LBMC brings together audit, tax, advisory, cybersecurity, and technology solutions into one coordinated approach. This reduces fragmentation, improves communication, and helps ensure strategies align across your organization.
Responsive, relationship-driven approach
Long-term client relationships and low team turnover mean you work with professionals who know your organization over time. This continuity improves efficiency, communication, and overall service delivery.
Practical guidance grounded in real-world experience
Our teams provide clear, actionable recommendations based on hands-on experience across healthcare environments. The focus is on solutions that work within your operations — not theoretical strategies.
Client Story: PhyMed Healthcare Group
“LBMC’s team is very easy to work with and highly responsive. There’s a strong level of trust in the work they deliver—we rely on it for critical investment decisions.”
— VP of Integration, PhyMed Healthcare Group
Trusted Transaction Advisory for Healthcare Growth
LBMC supported PhyMed Healthcare Group across multiple acquisitions, providing financial due diligence and transaction advisory services that helped guide high-value investment decisions.
Key Outcomes
- Supported 6–8 healthcare acquisitions
- Delivered analysis used for multi-million-dollar transactions
- Provided consistent, reliable financial insights across deals
- Built strong trust with executive leadership and deal teams
Solutions Built Around Your Goals
Whether you’re managing complexity, preparing for growth, or exploring new opportunities, LBMC delivers practical guidance and strategic support to help you move forward with confidence.
Healthcare Organizations We Support
LBMC works with a wide range of healthcare organizations, each facing distinct financial, operational, and regulatory challenges. Our teams bring industry-specific experience to help you navigate complexity, improve performance, and plan for what’s next.
Hospitals & Health Systems
Hospitals and health systems operate in a high-pressure environment shaped by reimbursement changes, regulatory oversight, and growing operational complexity. LBMC helps leaders strengthen financial performance, support compliance, and improve visibility across multi-entity organizations, including understanding the financial metrics that drive performance, maintaining accurate healthcare cost reporting for reimbursement and compliance, and developing strategies that support long-term financial sustainability.
“With the time we’re saving from mundane processes, we’re able to focus on really understanding what drives our business and monitoring key trends… Now we’re truly a partner to the business—helping make strategic decisions about how to get our costs down and where to invest as we enter growth mode.”
— Controller, Memphis hospital physician group
Physician Practices & Medical Groups
LBMC helps physician practices improve financial visibility, evaluate compensation structures, and manage increasingly complex reimbursement and compliance requirements. That includes understanding the financial metrics that drive physician practice performance and evaluating physician compensation models. Organizations evaluating physician coverage should also consider the financial, operational, and compliance implications of on-call and call coverage arrangements.
Behavioral Health Providers
Behavioral health organizations face increasing demand alongside complex regulatory requirements and reimbursement pressures. LBMC provides guidance to help improve financial stability, maintain compliance, and scale operations effectively.
Post-Acute & Long-Term Care Providers
Post-acute providers must manage tight margins, workforce shortages, reimbursement pressure, and changing reporting requirements while maintaining quality care. LBMC helps organizations improve operational efficiency, strengthen financial performance, and navigate industry change, including state-specific compliance issues such as Florida nursing home reporting requirements. LBMC also advises post-acute organizations on physician compensation and compliance considerations, including determining fair market value for hospice medical director compensation.
Healthcare Technology & Services Organizations
Healthcare technology companies and service providers must scale while managing compliance, data security, and investor expectations. LBMC supports growth with financial, advisory, cybersecurity, and technology expertise tailored to healthcare-focused businesses.
“LBMC has given us a unique seat at the table with HITRUST certification… LBMC’s healthcare industry expertise has been invaluable to us throughout our relationship.”
— Chief Information Security Officer, healthcare technology company
Additional Healthcare Segments We Serve
LBMC also supports a broad range of healthcare organizations across specialized and emerging segments, bringing the same level of industry expertise and tailored guidance.
- Durable Medical Equipment
- Health Plans & Payors
- Clinical Laboratories
- Dental Providers
- Life Sciences Companies
- Pharmaceuticals
- Rehabilitation and Physical Therapy
- Renal Dialysis
- Rural Health Clinics / Federally Qualified Health Centers
- Urgent Care
Case Study: Dermatology & MedSpa Practices
A pureplay cosmetic company, MedSpa was purchased by a private equity group with plans to add a new dermatology vertical. Medspa is an industry leader nationwide, specializing in laser hair removal and medical aesthetic treatments with multi-state, multiple locations.
Our Approach
LBMC was engaged to perform pre-close services to include financial, tax, and coding/compliance /billing due diligence. Post close, LBMC was engaged to provide an IT solution (PM/EMR) selection and revenue cycle services (payor enrollment, credentialing, billing, AR mgt ) in addition to audit /tax compliance work.
The Outcome
LBMC provided back-office solutions and audit/ tax compliance work to support the overall growth model. MedSpa was enabled to recruit /retain multiple dermatologists to provide a more comprehensive array of services to include general, cosmetic and surgical dermatology services in multiple states.
Find the Right Healthcare Solutions for Your Organization
Whether you’re navigating regulatory challenges, improving financial performance, or planning for growth, LBMC can help you move forward with clarity.
FAQs About Healthcare CPAs and Business Consultants
What should I look for in a healthcare CPA and consulting firm?
Healthcare organizations should look for advisors with deep industry experience and capabilities that extend beyond traditional accounting. The right firm should understand healthcare-specific financial, regulatory, reimbursement, operational, and technology challenges and be able to bring together audit, tax, advisory, transaction, cybersecurity, and consulting expertise as needs change. Just as important, look for experienced professionals who remain actively involved, understand your organization, and provide practical recommendations that can be implemented within your operations.
How is healthcare accounting different from other industries?
Healthcare accounting involves complex reimbursement models, regulatory requirements, and reporting standards that are unique to the industry. Organizations must manage payer mix, government programs, compliance obligations, and operational costs, all of which require specialized expertise beyond general accounting.
When should a healthcare organization work with a consulting firm?
Healthcare organizations often seek outside expertise when regulatory change, reimbursement pressure, growth, transactions, or operational complexity requires specialized knowledge. Leadership teams may also benefit from an outside perspective when evaluating how industry changes could affect strategy. LBMC’s analysis of healthcare trends and policy implications provides additional perspective on the forces healthcare leaders should be monitoring.
Can a healthcare consulting firm help improve financial performance?
Yes. Healthcare organizations often engage consultants when reimbursement pressure, rising costs, operational inefficiencies, regulatory changes, or growth create challenges that require specialized expertise. A healthcare consulting firm can help identify where margins are being lost and evaluate opportunities across revenue cycle performance, payer strategy, operating costs, physician compensation, reporting, and organizational structure. Healthcare leaders can also evaluate value-based reimbursement and contracting strategies alongside opportunities to strengthen financial and operational performance.
How do healthcare organizations benefit from transaction advisory services?
Transaction advisory services help healthcare buyers, sellers, and investors evaluate financial performance, earnings quality, reimbursement risk, operational issues, and other factors that can affect a transaction. Healthcare transactions require additional scrutiny because financial results are often closely connected to payer mix, coding, compliance, physician relationships, and regulatory requirements. Our guide to 10 essential questions for healthcare M&A due diligence highlights issues organizations should evaluate, while our analysis of private equity in healthcare explores broader opportunities and risks.
What cybersecurity and compliance services are important for healthcare organizations?
Healthcare organizations should take a risk-based approach that addresses HIPAA requirements, security risk assessments, access controls, incident preparedness, third-party risk, and other vulnerabilities involving protected health information. Depending on the organization, HITRUST readiness and additional compliance frameworks may also be appropriate. LBMC helps healthcare organizations evaluate cybersecurity risk, strengthen controls, and prepare for evolving compliance expectations.
How can healthcare organizations respond to reimbursement and payer changes?
Healthcare organizations should regularly evaluate payer policies, reimbursement trends, contract terms, denial patterns, and the financial impact of coverage changes. Even relatively narrow payer policy changes can affect revenue and administrative workflows. LBMC helps providers assess reimbursement issues and determine how changes may affect financial performance. See our analysis of UnitedHealthcare’s colonoscopy coverage change for an example of how payer policies can create operational and reimbursement considerations.
How should healthcare organizations evaluate physician compensation and management arrangements?
Healthcare organizations should evaluate physician compensation and management arrangements based on fair market value, commercial reasonableness, regulatory requirements, and the specific services being provided. These considerations can become particularly important when structuring physician coverage or management relationships.
Healthcare leaders evaluating coverage models should understand the financial and compliance considerations involved in setting up on-call arrangements, while organizations using management services should also consider how to determine the fair market value of physician practice management fees. LBMC’s healthcare valuation professionals help organizations evaluate these arrangements using market data, industry experience, and defensible valuation methodologies.
How do I get started with LBMC’s healthcare services?
Start by telling us about your organization, the challenge you’re facing, and what you’re trying to accomplish. LBMC will connect you with the appropriate healthcare specialists to discuss your needs and determine the right next steps. Talk to a healthcare advisor.
Local Expertise, Wherever You Are
With offices in Chattanooga, Memphis, Louisville, Nashville, Knoxville, Charlotte, and Philadelphia plus remote offices, LBMC partners with businesses across the region and beyond.
LBMC Leadership Team
Chief Executive Officer, Executive Recruiter, Accounting and Finance, Staffing Solutions
Let’s Talk About Your Healthcare Organization
Whether you’re navigating regulatory challenges, improving financial performance, or planning for growth, LBMC’s healthcare team is ready to help. We’ll start with a conversation focused on your organization’s goals, current priorities, and where you need support.