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Accounting, Tax, Compliance, and Business Advisory Insights and Guidance for Healthcare Organizations

 

Take intense cost reduction demands to regulatory compliance pressures, add a changing sociopolitical landscape to the mix, and you will only be able to get a glimpse at what is keeping healthcare executives and their boards up at night.
 
Read what Bonadio's CPAs and management consultants have to say about a wide variety of these issues for healthcare organizations in New York State. Share your observations and insights with peers, and subscribe via the Community's RSS feed to get our latest postings via e-mail or through your reader.

 

By Rick Castle

    With Governor Cuomo’s restructuring of the State Budget, revenues for many Not for Profit Organizations may be significantly reduced.  Yet the Governor’s strategy also opens up new opportunities for nimble boards to take on new mission-driven activities previously performed by high cost Government Agencies.  Marketing tools and best practices, previously the realm of profit-driven big business, can be key to navigating this new landscape.

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Employee Benefit Plan Management
Best Practices for Benefit Plan Management

The highly regulated employee benefit plan world experienced even further governance during 2010. Now that the pressure of the October 15 filing deadline have passed, Kevin Testo, CPA has some insights and guidance on what Plan sponsors  can do to improve the day-to-day operations of managing their employee benefit Plan. Read more on Kevin’s five recommended best practices

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Don’t wait to find out their impact and learn what you can do to stay up to speed.  Bonadio Manager, Paul Mayer, tells you which tools are available to take action, protect your non-profit, and give yourself peace of mind.

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Internal control over financial reporting has become a key responsibility for management.  As a result, new standards for reporting on controls at a service organization are on their way:  a service auditor’s standard and a user auditor’s standard. Compliments of the IAASB and the ASB, these SAS 70 replacements set the guidelines for maintaining an effective system of internal control.

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From recruitment to leadership, the need for a strong board model is essential to the success of your non-profit organization.  Gerald Archibald, CPA and Bonadio Partner-in-Charge, discusses how today’s climate can impact your programs, and how effective leadership, ongoing education, and structure will reap many rewards for your organization.

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