Overview
Kevin Omahen has been a valued member of the ORBA team since 2012 and became a Director in 2023. With a comprehensive skillset spanning tax, assurance and consulting services, Kevin oversees a wide range of accounting services. He works with not-for-profit organizations, heath care providers, and manufacturers and distributors. He is an active member of the firm’s Not-For-Profit and Health Care Groups, showcasing his dedication to specialized sectors.
Overview
Kevin Omahen has been a valued member of the ORBA team since 2012 and became a Director in 2023. With a comprehensive skillset spanning tax, assurance and consulting services, Kevin oversees a wide range of accounting services. He works with not-for-profit organizations, heath care providers, and manufacturers and distributors. He is an active member of the firm’s Not-For-Profit and Health Care Groups, showcasing his dedication to specialized sectors.
Proactive
Kevin has the ability to work hands on with clients, consulting with them to solve accounting issues that go above and beyond the normal compliance required of an audit or tax preparation. He strives to build stronger relationships through frequent communications and often speaks at client board meetings, presenting financial statements and communications letters, as well as providing best practices for board members and finance teams.
Outside of the Office
Outside of the office, Kevin enjoys his time with family and friends. Whether getting together for dinner, watching one of Kevin’s favorite sports teams or playing in park with his daughters, he enjoys the flexibility of his schedule to allow for family time outside of work hours.
Seminars & Events
- Not-For-Profit Board Members: What are Your Responsibilities?, Chicago, IL, November 29, 2017
Certifications & Licenses
- Certified Public Accountant
Education
- B.S., Accountancy and Finance, Illinois State University
Blogs
Understanding Your Financial Statements
There are two main financial statements involved in every Practice, an income statement and a balance sheet. Both statements paint a completely different picture and understanding the basics of each is important when you are evaluating past performance and planning for future performance. Income statements For medical practices that generate them regularly, P&L statements provide […]
A world-class workforce What keeps employees happy? Is it money, work-life balance or advancement opportunities? Perhaps some mix of all three? It is important to understand what interests your employees and that it is not a one-size-fits-all scenario. For some employees, there is a clear number one reason that they stay: money. However, for others, […]
The Power of Connection: Six Tips for Improving Your Bedside Manner with Patients
Healthcare is fast-paced and physicians are becoming more and more crunched for time. However, the industry is still very competitive and everyone is looking for an edge. Being a well-rounded physician is not just being an expert and providing great care, but also being able to relate to your patients and be personable. This blog […]
Navigating an Understaffed Workforce
Much like everything else, there is no certainty as to how long the labor shortage will continue. That said, there are a few strategies to address this issue: Cross-Train. There are plenty of responsibilities that can be delegated to other staff. Ask your team what responsibilities they may have that they could teach someone else […]
What are you looking for? Physicians are constantly juggling three aspects of their life: Professional, personal and social. Understanding what your priorities are and what you are willing to sacrifice is a key element when considering growth in your practice. If you grow your medical practice will you be willing to sacrifice personal time to […]
A medical practice’s reception is the first stop of every patient’s visit. Receiving a warm welcome is important to most patients. However, a friendly hello is not the only job of the front desk administrative assistant. There are a number of other responsibilities that need to be performed properly in order to have a smooth-running […]
Where your not-for-profit organization is located and how you use the space you have can make a significant difference in the overall success of the organization. This was even more apparent in the past year when offices were not utilized at all, yet lease or mortgage payments were still due. Even with the economy […]
Proactively Overcoming Industry Challenges
With the onset of COVID-19, all industry sectors have been dealing with a multitude of issues. In the health care sector, practices have not only been faced with employee retention issues, but also practice management issues which will be discussed below. Challenges and solutions In looking at the top challenges that medical practices face, the […]
Keys to Improving Your Revenue Cycle
Revenue cycle management (RCM) is one of the most complex medical office tasks. There are layers of steps involved in the process and roadblocks may be encountered throughout the entire process. Luckily, there are ways to apply the standard principles of professional RCM to improve your office’s ability to get paid in a timely manner. […]
Budgeting for COVID-19 Uncertainties
There is always a degree of uncertainty when your organization is budgeting for the year. However, the COVID-19 pandemic has created a completely new sense of uncertainty. As revenues for many organizations have decreased in the past year and the demand for program services has not changed (or may have even increased), the budgeting process […]
Working around patients that do not show up for appointments is a constant battle that all medical practices face. This article dives into various strategies to help tackle this issue.
Roles of the Finance Committee
The finance committee is charged with overseeing and keeping the board of directors informed of an organization’s overall financial health. Ideally, this entails more than simply scanning financial reports. The most valuable finance committees take a strategic role when it comes to oversight and planning. Active involvement not only pays off with robust financial governance, […]
Employees’ Favorite Topic: Paid Time Off
Have you reviewed your practice’s paid time off plan lately? Whether your practice has implemented a strict plan or one that is more relaxed, it is a good idea to revisit the plan periodically.
Getting the Most Out of Your Audit
Whether you are currently working on closing the year or in the midst of your organization’s busy time, your annual financial statement audit will be here before you know it, regardless of fiscal year end.
Mastering Your Patient’s Appointment Scheduling
Good patient scheduling is both an art and a science. The goal is to determine the right amount of time to devote to each patient while limiting wait time. Obviously, efficiency is a goal, but not at the expense of caring for patients
Siloing Your Social Media Strategy
Your social media efforts should not exist as an island apart from your organization’s other strategies. Be sure to incorporate social media into your overall strategic planning and align your social media tactics with the organization’s mission and goals.
Donors continue to look for more accountability and transparency from non-profits, especially regarding fundraising. Not only is the sum of money raised in campaigns meaningful, but how efficiently you are able to raise it, is fundamental to the non-profits success. For instance, one activity may project higher revenues than another activity, but measuring the activities’ success requires more than just evaluating the gross revenues.
Donations: Evaluating What Works
The recession has been over for many years and the nation’s unemployment rate has returned to below 5%. So, can not-for-profit organizations expect to see the donation flood gates open back up? For some organizations, this may be the case. However, this may not be the case for all. Many variables factor into why donations may be up or down. This article stresses the point that there is never a bad time for organizations to review their struggles or successes with donations, as well determine ways to improve.
Capital is the lifeblood of any manufacturing business. Each week, your payroll must be met, overhead covered and suppliers paid. Meanwhile, your plant’s customers might not pay on time — or in full — and unanticipated expenses may come up, straining your cash flow. Cash flow forecasting can help eliminate much of the heartburn associated with managing a manufacturing facility’s day-to-day capital.
Newsletters
Not-For-Profit Group Newsletter – Summer 2023
ORBA’s Not-For-Profit Group’s 2023 Summer Newsletter highlights what not-for-profits should do in order to protect themselves from potential fraud and scams through good internal controls and cybersecurity practices.
Health Care Group Newsletter – Winter 2022
ORBA’s Health Care Group Newsletter illustrates how nonmedical staff members and external support providers play integral roles in practices’ operations and looks at the potential benefits of adding staff in regard to efficiency, quality and compliance.
Health Care Group Newsletter – Fall 2021
ORBA’s Health Care Group Newsletter presents outsourcing ideas for practices to consider to ensure their continued success and provides tips for improving patient satisfaction.
Health Care Group Newsletter – Spring 2021
ORBA’s Health Care Group Newsletter explains the importance of using a professional, accredited appraiser to conduct a practice valuation and discusses the items the practice will need to provide to the appraiser. The newsletter also identifies ways to keep your current patients coming to your practice and how to market to new patients.
Health Care Group Newsletter – Winter 2021
Our Health Care Group Newsletter looks at the benefits and drawbacks of outsourcing billing, details key metrics that will help physicians better understand their revenue cycle to decide whether or not to outsource billing and explains how technology plays a significant role in a patient’s experience.
Health Care Group Newsletter – Fall 2020
Our Health Care Group Newsletter provides strategies for reducing the financial consequences from the COVID-19 pandemic and explains how nonphysician providers can provide high-quality services to patients while relieving pressure on physicians.
Not-For-Profit Group Newsletter – Summer 2020
Our Not-For-Profit Newsletter helps you evaluate your revenue streams to make sure they are sufficiently diverse as you head into the future and covers the findings of a new Fidelity Charitable study on charitable giving.
Health Care Group Newsletter – Summer 2020
Our Health Care Group Newsletter discusses the “new normal” for physician practices and provides burnout prevention and management strategies.
Not-For-Profit Group Newsletter – Winter 2020
Our Not-For-Profit Group’s Winter 2020 newsletter discusses trends in the not-for-profit industry and tax changes regarding transportation benefits.
Health Care Group Newsletter – Summer 2019
Our Health Care Group’s Summer 2019 Newsletter offers advice on how to protect your medical practice from a ransomware attack, plus tips for running the business side of your practice.
Manufacturing and Distribution Group Newsletter — Fall 2015
ORBA’s Manufacturing and Distribution Group Newsletter is a quarterly publication focused on effective manufacturing and distribution management. The Fall 2015 issue includes two articles, “Getting Employees to Join the Fight Against Fraud” and “Secure Disposal of IT Equipment: Proper IT Asset Disposal Merits the Same Attention as Acquisition.”
News
ORBA Promotes Kelly Buchheit and Kevin Omahen to Directors
ORBA, one of Chicago’s largest public accounting firms, is pleased to announce that Kelly Buchheit, CPA and Kevin Omahen, CPA have been promoted to Directors effective August 1.
CHICAGO — Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest accounting firms, announces that four new hires have recently joined the firm.
