With President Barack Obama retaining office for a second term, the most significant overhaul of the U.S. health care system in over 40 years is set to move forward. The Patient Protection and Affordable Care Act (PPACA) will expand the business of health care providers while increasing cost risk.
Day 2 - Friday, April 26, 2013
8:00am-9:40am - The Future Value of Managing Populations, Employers, Employees and Risk (Credits: 2.0 TB)
Douglas M. Baer, President / Brooks Health System, Jacksonville, FL
John A. Benz, Senior VP & Chief Strategic Officer / Memorial Healthcare System, Hollywood, FL
Hymin Zucker, MD, Chief Medical Officer / Metropolitan Health Networks, Inc., Wellington, FL
Christopher Stanley, MBA, MD, VP of Care Management / Catholic Health Initiatives, Englewood, CO
Provider organizations will have many opportunities to control and manage the risks they face-or decide to pursue-during the transition to a value-based healthcare system. Learn key strategies for managing risk and building other key organizational capabilities for value.
10:00am-10:50am - M&A Trends in the Not for Profit Hospital Setting (Credits: 1.0 AA)
Hector Calzada, Managing Director / Deloitte & Touche LLP, Atlanta, GA
William B. Eck, Shareholder / Greenberg Traurig, LLP, Washington, DC
The session will cover both the legal and strategic trends including business valuation and proper transaction accounting along with examples of consolidations within the Not for Profit provider sector.
10:55am-11:45am - Red Flags and Adding Value in Health Care M&A (Credits: 1.0 AA)
Paul Siebrasse, ASA, Principal / McGladrey & Pullen, LLP, Minneapolis, MN
Matt Wolf, Senior Associate / McGladrey & Pullen, LLP, Minneapolis, MN
David C. Peck, Shareholder / Greenberg Traurig LLP, Ft Lauderdale, FL
This presentation will describe recurring issues in Health Care M&A that can complicate purchase accounting or even sour deals, unless they’re identified early. In most cases, these issued are simple to deal with at the onset of the deal, such as properly identifying any acquired intangible assets or if a cash-to-accrual conversion must occur, but if left to fester such issues will create problems for everyone involved, including the external auditors. Attendees will gain a better understanding of these issues, such that they can ensure proper accounting treatment, better serve their clients throughout the deal process and beyond. The AICPA pronouncements dealing with financial statement presentation will be a significant part of this presentation.
11:45am-1:00pm – Lunch Break
1:00pm-1:50pm - FASB Update: Focus on Leases and NFP Projects (Credits: 1.0 AA)
Ronald J. Bossio, CPA, Senior Project Manager / Financial Accounting Standards Board, Norwalk, CT
This session will provide updates on FASB's (a) revised proposals on accounting for leases, (b) project on financial statements for nonprofit entities and (c) research project on other financial communications (MD&A) used by nonprofit entities. Ron will also take participants' questions on other FASB projects and activities of the Emerging Issues Task Force, Not-for-Profit Advisory Committee, and Private Company Council.
2:05pm-3:45pm - Accounting and Auditing Update (Credits: 2.0 AA)
Lynda M. Dennis, CGFM, CPA, PhD, Lecturer & Discussion Leader / University of Central Florida School of Accounting, Orlando, FL
The session covers the latest updates on industry-related topics in accounting and auditing and focuses on those of special relevance to health care entities and their auditors. Topics to be discussed include the Clarified Audit Standards, latest pronouncements of the FASB, and emerging accounting and auditing issues affecting the Health Care industry.