Private Healthcare
Goldblatt McGuigan has a strong client base across the Private Healthcare spectrum, including private hospital care offering various surgical procedures, nursing care and accommodation for patients. Clients also include both incorporated and unincorporated businesses operating nursing/ residential homes and care in the community services in both Northern Ireland and the Republic of Ireland.
Increasing personal wealth and life expectancy rates present an opportunity for our clients to expand capacity and grow their businesses, areas in which we offer invaluable assistance and support.
We have extensive experience in the provision of advice across a range of issues facing private healthcare businesses, including:
- Procedures for billing to patients and residents
- VAT status of industry-specific activities
- Financing and monitoring of capital expenditure projects
- Funding from Health Boards including costing of projects
- Costing of surgical procedures and room rates
- Assistance in application to the Northern Ireland Housing Executive’s Supporting People accreditation Scheme, including preparation of detailed financial reviews and projections
- Advice on employment and remuneration matters in respect of nursing staff
We frequently assist in the review of systems and controls relevant to each particular business, and our experience includes consideration of the following areas:
- Advice on billing procedures and income recognition matters arising from the collection of patients’ remittances for onward submission to medical consultants.
- Assistance in the recording and reconciliation of monies held and distributed on behalf of residents of residential homes.
- Advice on computer packages specific to the healthcare industry and integration with financial reporting packages.
- Identification of improvements to information systems to facilitate decision-making and services costing.