Baker Tilly Session – August 27 at 8:00 a.m.:
Construction Audit Boot Camp – Pre-Conference Workshop
Tony Ollmann, Baker Tilly; Dale Shultz, Baylor Scott White Healthcare
Managing the risk of a multi-million dollar capital investment is not only prudent but also necessary to protect an institutions capital investment. In this workshop, we will audit a $150 million hospital project beginning with setting stakeholder expectations and building relationships through building your audit plan and program. Moving from planning to execution the group will then answer, what transactions need to be tested? Are there costs that don't need to be tested? When should you do a 100% sample? What factors drive testing populations and sample sizes? Participants will learn how to address these questions and more about testing transactions and verifying compliance.
- Define construction project objectives, verify validity, and identify construction financial risk.
- Write a construction audit program, identify testing populations, and select sample sizes.
- Perform transaction tests.
- Identify audience, structure and deliver the audit report.
Baker Tilly Session – August 28 at 2:10 p.m.:
HITRUST Demystified: What it means and what to expect from certification
Mike Cullen and Janice Ahlstrom, Baker Tilly
As HITRUST becomes an increasingly common obligation for organizations that handle electronic Protected Health Information (ePHI), it is critical to understand the requirements and available options for obtaining a HITRUST CSF (Common Security Framework) certification. During this session we will discuss the HITRUST CSF structure, applicability, benefits and conduct a practical walk through of the HITRUST certification process, including an overall time line with key milestones. We will also provide a set of recommendations on getting started.
- Understand the HITRUST CSF structure, applicability and benefits
- Recognize the HITRUST certification lifecycle and key milestones
- Appreciate the various HITRUST reporting options
- Comprehend the requirements for getting started on the path to HITRUST certification
Baker Tilly Session – August 28 at 2:10 p.m.:
An Introduction to Model Audit Rule
Augustin Doe, Network Health; Dan Buttke, Baker Tilly
Model Audit Rule (MAR) was signed into law in 2006, and since that time, insurance companies have been responding to its requirements. Since implementation became effective in 2010, many mid-sized provider-owned health plans have struggled to comply with the multitude of requirements, the most significant of which is management’s report of internal control over financial reporting. This self-reporting mechanism has created heartburn for many health plan CFOs and CEOs. This session will provide the basics of MAR and will share war stories and best practices of how the payer requirements of MAR can be best implemented by provider organizations venturing into the insurance world.
- Discuss the evolution of Model Audit Rule.
- Explain audit committee responsibilities under Model Audit Rule.
- Share best practices surrounding the internal control requirements of Model Audit Rule.
- Share lessons learned from one health plan's implementation of Model Audit Rule.
Baker Tilly Session – August 29 at 2:10 p.m.:
Construction Auditing: Where to Start and How to make It Work for Your Organization
Tony Ollmann, Baker Tilly
Mitigating financial risk and ensuring construction dollars are spent wisely are fundamental to construction programs. Today’s economic environment demands internal auditors to be technically proficient, risk averse and financially savvy. Reducing project construction costs without loss of features and functionality can be accomplished with rigorous project financial controls and a risk management program. Participate in an interactive case study from preconstruction activities to the final walk-through. The program will highlight risk and cost minimization strategies that reduce construction costs and project administrative burden, minimize change orders and provide stakeholders assurance that maximum value is realized for their construction investment.
- Recognize key construction terminology.
- Analyze a construction contract and prepare a risk matrix.
- Identify construction project control gaps.
- Develop and execute a construction audit program.
Baker Tilly Reception – August 28 at 5:30 p.m.:
Lucca Back Bay
116 Huntington Ave.
Boston, MA 02116
In addition to contributing to this year’s educational program, Baker Tilly is also a proud sponsor of the 2017 AHIA Annual Conference.