Industries Serviced

Hansen, Barnett & Maxwell P.C. offers strategic financial and management solutions to governments committed to serving their constituents. By developing innovative responses and creative solutions, we help our government clients meet the demands of today's public sector environment that stresses accountability, yet demands more services from less available resources.

The Government Services Group provides audit and consulting services for local governments, authorities, and public agencies throughout the Rocky Mountain region. Our clients range in size and complexity from small towns and agencies to large school districts. The following are the type of services we provide:

• Financial and compliance audits and services.
• Internal control reviews.
• GASB 34 implementation services.
• Management services.
• Strategic planning and process redesign

If you would like to learn more regarding this or another industry that HB&M provides services, please send an email to Preston Eichers.

Hansen, Barnett & Maxwell P.C. presently provides professional services to city and county owned healthcare facilities. We have formed a rural healthcare industry group within our Firm to devote time and resources to being experts in the rural healthcare industry. We are always interested in expanding our opportunities to work with additional hospitals. We are familiar with the accounting, financial and management issues specific to the healthcare industry.

We have excellent experience in the reimbursement area. We work closely with clients to quantify the effect of expected audit adjustments on third-party reimbursements and monitor the status of the estimates, and assist in the successful resolution of reimbursement issues.

We posses the required expertise and resources to serve you and your hospital in any capacity. Through our affiliation with Summit International Associates, we are able to offer you an even wider variety of services in the healthcare field. Should you desire consultation and assistance from us that our specific Firm cannot provide, we will provide that expertise to you through our affiliation in Summit International. Because of our affiliation , their expertise is considered our expertise.

We, therefore, have a substantial amount of expertise as part of our professional services team to provide you with the service and expertise that you so desire. All of these resources are available to work on site.

Hansen, Barnett & Maxwell P.C. will be your advocate in all matters. We are a locally owned CPA firm in Salt Lake City, Utah, and we have a large stake in the success of our clients. With our Firm, you will have someone that you will be able to deal directly with and work on projects with. We will be working for you and providing you with constant communication as to the progress of any assignment we might be given. No one knows and understands the federal and state reporting rules and regulations better than our Firm. We are uniquely positioned to aid you in dealing with any and all of the governmental entities to whom you will be providing information. We will be your advocate.

We presently have memberships with the Utah Hospital Association and Healthcare Financial Management Association.

Medicare/Medicaid Cost Reports

In addition to performing the traditional CPA services, our Firm also has the resources to perform additional services such as preparation of cost reports for Medicaid and Medicare intermediaries.

We therefore, have excellent resources in providing for the preparation of the cost reports, consultations on third-party cost reimbursement matters, including the preparation of appeals and assessments of the applicable regulations. We use the latest versions of KPMG Peat Marwick cost report software to enhance our ability to prepare a timely and accurate report. Through this service, we are in an excellent position to offer suggestions to the hospital, as to how they might enhance their reimbursement from intermediaries.

We also have experience in preparing Idaho cost Reports. The cost report consultant we presently use in our Firm, has experience preparing Medicaid reports for two other Idaho hospitals.

As we review adjustments proposed through the audit, we always asses the effect of the proposed adjustment on the cost report.

If you would like to learn more regarding this or another industry that HBM provides services, please send an email to Preston Eichers.

Hansen, Barnett & Maxwell P.C. has had a long tradition of providing professional services to members of the healthcare industry. These services range from accounting and auditing to tax and consulting services. Prior to our entrance into the hospital industry, the primary focus of our healthcare practice had been the physician and physician group practices. Services that we have performed for these clients include:

• Audits of financial statements leading to our rendering an opinion on such financial statements.
• Professional tax services relating to the preparation of income tax returns for the physician and the physician practice.
• Administration of retirement plans and compliance with the plan documents. This includes the preparation of annual reports and communication with plan participants, as required by the plan documents and ERISA.
• Review of office and accounting systems in physician practices.
• Medical and dental practice valuations.
• Variety of management advisory services.

If you would like to learn more regarding this or another industry that HBM provides services, please send an email to Preston Eichers.

Hansen, Barnett & Maxwell P.C. advises numerous clients in the retail industry. We have helped newer retailers establish their businesses and helped established companies with their ongoing financial reporting and tax planning needs.

Our services include:

• Cash management
• Fixed asset accounting
• Inventory accounting
• Retail method
• LIFO method
• Budgeting levels
• Advise on proper accounting methods and adjustments.
• Review and advise on acquisition agreements from the perspective of accounting, business, tax, retirement plan, and organizational issues.
• Create pro forma financial statements for combined entities.
• Review tenant leases, including both financial and non-financial data, providing a summary of leases with important terms highlighted. If necessary, we perform audits of expense to recover items from the landlord.
• Conduct due diligence reviews of qualified and non-qualified retirement plans, including review of retirement plan financial statements and compliance tax returns (e.g. 5500).
• Perform varying levels of organizational consulting, including review of duplicity of personnel as a result of an acquisition, as well as conducting training to integrate multiple organizations.
• Perform cost segregation studies for tax purposes, even in a stock purchase transaction, and, if appropriate, accelerate depreciation, making the property purchased more valuable.

If you would like to learn more regarding this or another industry that HBM provides services, please send an email to Preston Eichers.

Hansen, Barnett & Maxwell P.C. services a number of publicly owned companies. Our professional services range from performing quarterly accounting and payroll services to annual audits for SEC filing purposes and registrations for initial and secondary public offerings. We have formed an SEC audit industry group within our Firm to devote time and resources to enhance our expertise in this particular area. We are familiar with the accounting, financial and management problems of public companies and we are equipped to help you solve those problems.

We have excellent experience in the initial and secondary public offering market. We have worked closely with companies in organizing and initiating offerings ranging in size from $3,000,000 to $63,000,000.

We have the required expertise and resources needed to serve you and your public company in any capacity. Through our affiliations we are able to offer you an even wider variety of services.

We, therefore, have a substantial amount of expertise to provide you with the service and expertise that you so desire. All of these resources are available to work on site.

If you would like to learn more regarding this or another industry that HBM provides services, please send an email to Preston Eichers.