The South Dakota Association of Healthcare Organizations (SDAHO) is excited to introduce our Associate Member Spotlight Article featuring Eide Bailly. Our associate members are a diverse group that includes national and multi-office consulting firms, accounting and law firms, health care suppliers, associations, local firms working with community health providers and others.
Eide Bailly is a certified public accounting and business advisory firm committed to helping their clients grow, thrive and embrace opportunities and innovation. Geoff Knobloch is one of several partners and managers that serve the South Dakota market, and he also has the role as the partner-in-charge of the firm’s national healthcare practice with Eide Bailly. “With healthcare as the firms’ largest industry, we have a strong history of helping clients make smart business decisions, manage risks, and build a strong financial future. Our team handles the business of healthcare. We enjoy serving our South Dakota providers and helping come along side of them in handling that business-side of healthcare delivery.”
Eide Bailly’s healthcare team comes from a wide array of backgrounds. Several have worked in healthcare facilities as CFOs, revenue cycle management, nursing, pharmacy and more. “Our team has walked in the shoes of our clients, which allows them to have a better perspective when it comes to solving issues related to the businesses of healthcare.” Knobloch says.
Eide Bailly has more than 40 offices in 15 states with 3,000 plus partners and staff spread across the United States. The company was founded with solid roots from smaller-sized firms that brought industry-focused results to its clients. Through the years and growth Eide Bailly’s culture has stayed true to those roots. Knobloch says, their team has a deep breadth of knowledge of the healthcare industry, and building a relationship is key. “We understand that healthcare can be complex and business operations vary depending on what type of organization our clients are operating. We approach our work with the focus of staying on the client. This allows us to deliver solutions to our clients needs and deliver on many specific services including tax, audit, financial, technical, digital, strategic and operational considerations.”
Size is not a factor when it comes to providing quality services for those Eide Bailly serves. Knobloch says, “We work with facilities of all different sizes. We meet our clients where they are and align with their goals regardless of size or type.” The different segments within the healthcare industry include:
- Critical Access Hospitals
- Heath Systems
- Senior Living
- Ambulatory Care / Clinics
Healthcare organizations currently working with Eide Bailly have a variety of tools and resources to assist them, and some of the main reasons for choosing Eide Bailly include:
- Cost Efficiency
- Experience
- Financial Expertise
- Internal Controls and Risk Management
- Operational Efficiency
- Regulatory Compliance
- Specialized Industry knowledge
- Strategic and Capital Planning
- Technology and Automation
Eide Bailly strives to provide relevant and timely information to their clients and prospects. They host several educational webinars year-round, specific to the healthcare industry as well as large conferences. In addition, they host a Business Healthcare webinar series and CAO/Controller roundtable meetings. “We hold these meetings throughout the year to stay connected to healthcare organizations and learn more about the challenges impacting their facilities.” Says Knobloch. Eide Bailly’s annual in-person events include:
- Critical Access Hospital conference
- Medicare Provider Enrollment Conferences (provides direct access to CMS, MACs & CGI)
When looking to the future of accounting standards in the healthcare industry, Knobloch says some healthcare organizations may struggle to adapt to new realities and it may be challenging to keep leaders and staff aligned, that is where Eide Bailly can help. “There are so many healthcare compliance and regulatory trends to keep up with. Eide Bailly handles the business of healthcare, and our goal is to help healthcare organizations understand the strategic imperatives that should be at the top of the list to help organizations thrive.” Eide Bailly also provides tangible actions that can be used to engage and align healthcare teams to ultimately produce quantifiable results, all while putting patient care at the forefront.
To learn more about Eide Bailly, visit their website: www.eidebailly.com
To learn more about SDAHO’s Associate Membership program, click here.
