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
Healthcare Insights & Updates
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 organizations need clear insight into operations, financial performance, and regulatory requirements to navigate ongoing change. LBMC’s healthcare advisory and business consulting services help organizations improve visibility, strengthen performance, and make informed decisions that support growth by working alongside leadership teams to address operational challenges, evaluate opportunities, and align financial, clinical, and business strategy — bringing together industry-specific expertise to support both day-to-day priorities and long-term initiatives.
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 ensure compliance while minimizing disruption to operations.
Healthcare Tax Services
Healthcare organizations face complex and evolving tax requirements across federal, state, and local levels. LBMC’s healthcare tax professionals provide guidance to help manage risk, improve cash flow, and support long-term financial planning.
Healthcare Cybersecurity & Technology Solutions
As healthcare organizations manage sensitive data and complex systems, strong cybersecurity and technology strategies are critical. LBMC helps protect your organization, support compliance requirements, and improve how data and systems are used across your operations.
Stay Ahead of Healthcare Change
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 strengthen financial performance, support compliance, and improve visibility across multi-entity organizations.
“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
Independent and affiliated physician groups must balance patient care with financial performance, staffing challenges, and evolving reimbursement models. LBMC supports operational efficiency, practice management, and long-term growth strategies.
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, and regulatory complexity while maintaining quality care. LBMC helps organizations improve operational efficiency, strengthen financial performance, and navigate industry changes.
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 does a healthcare CPA and consulting firm do?
A healthcare CPA and consulting firm provides financial, operational, and strategic support tailored to healthcare organizations. This includes audit and assurance, tax planning and compliance, transaction advisory, revenue cycle support, and consulting services that help improve performance, maintain compliance, and support growth.
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 engage consulting firms when facing operational challenges, regulatory changes, reimbursement pressure, growth initiatives, or transactions such as mergers and acquisitions. Consulting support can also be valuable when internal teams need additional expertise or capacity.
Can a healthcare consulting firm help improve financial performance?
Yes. Healthcare consulting firms help identify inefficiencies, improve revenue cycle performance, manage costs, and provide data-driven insights that support better financial decision-making. These improvements can strengthen margins and support long-term sustainability.
How do healthcare organizations benefit from transaction advisory services?
Transaction advisory services provide financial due diligence, valuation, and deal support for acquisitions, mergers, and investments. This helps healthcare organizations understand risks, validate financial performance, and make informed decisions in high-value transactions.
What cybersecurity and compliance services are important for healthcare organizations?
Healthcare organizations must protect sensitive patient data and meet regulatory requirements such as HIPAA and HITRUST. Cybersecurity and compliance services help assess risk, strengthen controls, and ensure readiness for audits, certifications, and evolving security expectations.
How do I choose the right healthcare CPA or consulting firm?
Look for a firm with deep healthcare experience, integrated service capabilities, and a strong understanding of regulatory and operational challenges. The right partner should provide practical guidance, responsive support, and services that align with your organization’s goals.
How do I get started with LBMC’s healthcare services?
Getting started begins with a conversation about your organization’s needs, challenges, and goals. LBMC’s healthcare team will help you identify priorities and recommend the right mix of services to support your next steps.
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.
Christopher M. Lovin
Shareholder, Practice Leader Valuation and Litigation Support Services
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.