We have worked on matters involving many types of healthcare entities, including hospitals, care facilities, medical supply distributors, doctor groups, and pharmaceutical companies.
When serving the healthcare industry, we occasionally will team with Healthcare Management Partners (www.hcmpllc.com). HMP is a team of senior executives with a track record of delivering operational and financial performance improvement for healthcare organizations. HMP focuses on turnaround management consulting, transaction and financial advisory services, bankruptcy services, and expert testimony and dispute analysis.
Representative Projects
- On numerous occasions, analyzed lost profits, performed business valuation related assignments or engaged in forensic accounting investigations for:
- Hospitals
- Surgery centers
- Medical device or instrument manufacturers or patent holders
- Pharmaceutical manufacturers/distributors
- Care facilities or service providers
- Testified regarding the accuracy of financial statements and the resulting value of a pharmaceutical company.
- Calculated economic damages on many occasions related to claimed injuries from a series of products produced by a pharmaceutical and medical products company.
- To determine if a company was overbilling Medicare, designed a random sample of billings. Based on the sample results, estimated the total amount of billing overcharges based on proper statistical sampling methods.
- Examined alleged billing overcharges by a long-term care service provider.
- In a pricing dispute, analyzed state Medicare/Medicaid drug reimbursement formularies and actual state Medicaid drug reimbursement public data to determine the appropriate price.
- For a project analyzing data of alleged billing overcharges of a health insurance company, designed a random sample and estimated the total amount of billing overcharges based on proper statistical sampling methods.
- To identify consumer preferences between having surgery performed at surgery centers versus hospitals, specified and estimated binary logit, nested multinomial logit, and probit economic regression models of consumer choice.
- For a breach of contract case collected and analyzed data to determine catheter demand and estimated appropriate market share in each end user class. Created and maintained this database and performed statistical analyses based on economic demand models for the products to estimate and forecast but-for past and future sales.
- In an alleged wrongful marketing case, performed a “testing population means” statistical test to test whether or not the marketing claim that a manufacturer of dentist drill parts performs faster than identified comparables.
- Valued a medical device manufacturer.
- Performed royalty audits on medical devices on behalf of a patent holder.