Consulting & Advisory

At Draffin Tucker, we have the expertise and experience to help businesses of all sizes and in all industries navigate today's complex and rapidly-evolving business environment. Our team is committed to working closely with you as a trusted business partner and advocate, providing the consulting and advisory support you need to succeed. Whether you are facing challenges or seeking opportunities for growth, we are here to think alongside you and help you achieve your goals. Let us be your trusted partner for all your consulting and advisory needs.

Internal Control Development and Documentation

Internal controls and processes are critical to mitigating the risk of errors or misappropriation of assets, but these systems must be well-documented and adaptable in order to be effective. Draffin Tucker's internal audit team is highly experienced in helping organizations review and improve their internal controls and processes to better protect against risk. Our team of professionals can assist you in identifying potential vulnerabilities and implementing robust systems to safeguard your assets and ensure compliance with regulations.

Accounting and Financial Reporting Research

Accurate and reliable data is essential for businesses to make informed and strategic decisions. That's where Draffin Tucker comes in. Our team specializes in providing detailed and thorough research and analysis of accounting standards and tax law to assist our clients in making informed decisions. By conducting audits and reviews of financial data, we are able to provide insight and guidance on complex situations, enabling our clients to choose the most effective path to achieve their goals. Whether you need support with financial planning, decision-making, or compliance, our team is here to help.

Preparation of Financial Statements

A strong understanding of financial statements, including balance sheets, income statements, cash flow statements, and retained earnings, is essential for the long-term success and prosperity of any business. These tools provide valuable insights and information about the financial performance and health of a company from year to year. Whether you are a business owner, investor, or financial professional, having a solid grasp of the accounting cycle is essential for making informed and strategic decisions.

Financial Forecasting

As a business, it is important to stay informed about economic changes and how they may impact your budgeting decisions. At Draffin Tucker, our professionals are equipped with the knowledge and expertise to assist you in making informed budgeting decisions for the upcoming fiscal year, whether for general operations, capital outlays, or specific areas of focus like organizational expansions. We also have a deep understanding of various budgeting techniques and can help you plan for the future and track the results of your actions. Let us be your trusted partner in budgeting and financial planning.

Business Succession Planning

Succession planning is a complex process that requires careful consideration of numerous factors. At Draffin Tucker, our Commercial Services team is equipped to help you navigate this important stage in the life cycle of your business. Whether you are seeking to equalize assets among children, identify key employees to take on leadership roles, or review a buy-sell agreement, our team is here to provide independent, confidential advice and support. We also work closely with other professionals, such as attorneys and insurance providers, to ensure that your succession plan is tailored to your needs and executed smoothly. Let us help you plan for the future of your business.

Mergers, Acquisitions, Restructuring, and Recapitalizations

Navigating the complex world of business combinations and restructurings can be overwhelming, but at Draffin Tucker, we have a team of seasoned professionals who can help you understand the pros and cons of your options and construct the most favorable package for your needs. Whether you are looking to buy, sell, restructure, or recapitalize, our team will work with you to find the best solution and negotiate the most favorable terms. We are here to be your trusted business advisors and advocates, helping you make informed decisions that will drive the success and prosperity of your business.

Grant Funding

Securing funding through grant programs can be a valuable opportunity for healthcare and other organizations, but the process of applying for and reporting on grants can be complex and time-consuming. At Draffin Tucker, we have the technical expertise and experience to help you navigate every stage of the grant process, from preparing the application to organizing supporting financial information and completing required reporting. Our team is here to provide the support you need to take advantage of grant opportunities, including Rural Health Transition Grants, Rural Outreach Grants, the Small Rural Hospital Improvement Grant (SHIP), Provider Relief Funds, and the Small Business Administration Paycheck Protection Program Loan. Let us help you secure the funding your organization needs to thrive.

Litigation Support and Forensic Accounting

Businesses, individuals, estates, and attorneys often need help “leveling the playing field” regarding fraud-related matters. Draffin Tucker can assist with a detailed review of accounting transactions for various industries and individual circumstances. We can follow through with this expertise with simple and easy-to-understand executive summaries and expert testimony for depositions, juries, and mediation hearings. Our many years of training and experience across multiple industries allow us to provide an invaluable service to our clients. Areas of service include; healthcare, estates and trusts, partnerships and other equity arrangements, small business ventures, divorce, mediation assistance, internal control assistance, and court-appointed executor and receivership services.

340B Program Services

We believe in providing our clients with the tools necessary to achieve maximum 340B compliance without sacrificing savings from the Program. With our auditing, compliance, and reimbursement backgrounds, we can deliver on this commitment. In addition, our team of healthcare professionals have extensive experience and are nationally recognized as experts in the 340B industry.

Physician Needs Assessment

A physician needs assessment is a critical tool for healthcare organizations in the strategic planning process. It helps identify the current and future needs for physicians in the community, and can be used to develop and justify a physician recruitment plan. At Draffin Tucker, we customize our physician needs assessments to meet the specific needs of your organization and market area, using both quantitative and qualitative analysis to provide a comprehensive overview of projected physician needs, findings, and recommendations for recruitment by specialty. Our team works closely with your leadership to gather feedback and provide valuable insights that can inform your strategic planning and collaboration with the medical staff. Let us help you make informed decisions about your physician recruitment efforts.

Community Health Needs Assessment

Draffin Tucker's team of professionals is dedicated to helping healthcare organizations meet the complex regulatory requirements of conducting a community health needs assessment. Our customized approach allows hospitals to choose the level of support they need, from initial planning to full report preparation. With our expertise in community health data analysis and IRS compliance, we can ensure that your organization is able to accurately assess and address the needs of your community while meeting all necessary reporting requirements.

Resource Solutions

Our Resource Solutions team is here to help you manage the demands of your business. Whether you need assistance with special projects, temporary or part-time support, or coverage for extended absences, our professionals are ready to provide the extra help you need to get everything done. With our expertise in accounting, tax, and finance, we can provide a cost-effective solution that helps you meet critical deadlines, work through backlogged projects, and stay on track. Let us lighten your workload and help you succeed.

Healthcare Reimbursement

Our team of professionals at Draffin Tucker is dedicated to helping healthcare organizations navigate the complex and constantly changing world of healthcare reimbursement. With our wealth of experience and expertise, we are well-equipped to provide valuable guidance and support to our clients. From Medicare and Medicaid cost reporting to specialized accounting and tax services, we offer a range of services to help healthcare organizations optimize their reimbursement and achieve their financial goals. Our team is committed to providing personalized attention and innovative solutions tailored to the specific needs of each organization, ensuring that our clients receive the best possible support and guidance.

Outsourced Accounting

At Draffin Tucker, we understand that as a small business owner, you have enough on your plate without having to worry about the financial side of things. That's where we come in. Our team of experts will take care of all your accounting needs, from bookkeeping and payroll to tax planning and compliance. We'll work with you to understand your business and provide personalized solutions to help you reach your financial goals. Let us be your trusted partner and relieve the burden of accounting tasks, so you can focus on growing and running your business.