Whether required by the 2025 State of Wisconsin regulations, your lender, or both, financial statement audits are often viewed as a necessary burden. They consume valuable staff time, divert attention from operations, and arrive during an already demanding period filled with year-end close activities, cost reporting, lender reporting, and budgeting. Deadlines are strict and missing them can create unwanted scrutiny from regulators and financing partners. To make matters worse, many operators feel they pay significant fees for a report that offers little practical value beyond compliance.

Does it have to be that way?

At Pease Bell, we believe the answer is no. Through our recent partnership with Modus Audit, we have deployed proprietary AI technology designed specifically for skilled nursing facility audits. The result is a more efficient audit process that reduces administrative burden, helps meet critical deadlines, and delivers meaningful insights that operators can actually use.

Eliminate the Audit Burden

For many providers, the audit process begins with an overwhelming request list and endless back-and-forth communication. Accounting teams already stretched thin find themselves juggling daily responsibilities while responding to audit requests and status inquiries. As deadlines approach, stress increases for everyone involved.

Our technology-driven approach changes that experience.

By leveraging system-to-system communication and AI-powered automation with your ERP and EHR systems (PointClickCare, MatrixCare, National Care Systems, Sage Intacct, Great Plains, NetSuite, etc.), many traditional manual audit procedures can be completed more efficiently. Requests are streamlined, duplications are minimized, and the need for constant follow-up is significantly reduced. Your team spends less time gathering documents and answering questions, allowing them to focus on operating the business while we handle much of the administrative burden associated with the audit.

The result is a less burdensome engagement, fewer disruptions, and greater confidence that reporting deadlines will be met.

Insights Beyond Compliance

An audit should provide more than a compliance report.

Our investment in technology allows us to spend less time on time-consuming audit tasks and more time helping clients understand their financial performance. In addition to the required audit opinion, we work with operators to develop customized analytical reporting that may include EBITDA and cash flow trends, labor cost analysis, accounts receivable and collection cycle performance, covenant monitoring, and other key operating metrics.

These insights help identify opportunities to improve profitability, strengthen cash flow, and better manage lender relationships. Rather than receiving only a historical report, clients gain actionable information that supports decision-making throughout the year.

Integrated Audit, Tax, and Cost Reporting

Many SNF operators engage separate firms for audits, tax returns, and cost reporting. This is inefficient, particularly in pricing.

Pease Bell offers a more efficient approach by integrating these services under one team. Information gathered during the audit can be leveraged for tax return preparation and cost reporting, reducing duplication and creating meaningful pricing efficiencies. The result is a streamlined process, lower administrative burden on the finance team, faster completion of filings, and a more coordinated year-end experience.

If an audit is unavoidable, it should at least be efficient, insightful, and beneficial to your organization. At Pease Bell, our goal is simple: help you satisfy compliance requirements while delivering meaningful value that improves your business.

For help with your SNF audit, reach out to Ron Misconish.