Dana Forgione, Ph.D., CPA, CMA, CFE

Professor of Accounting

Degrees

  • Ph.D. University of Massachusetts at Amherst
  • MSA University of Massachusetts at Amherst
  • MBA University of Massachusetts at Amherst
  • BBA University of Massachusetts at Amherst

About

Dr. Dana Forgione is a professor of accounting at The University of Texas at San Antonio. Dr. Forgione leads the MBA in the Business of Health program–a participant in the American College of Healthcare Executives (ACHE) Higher Education Network. He is also an adjunct professor in the School of Medicine, Department of Cardiothoracic Surgery, the Department of Pediatrics, and in the School of Public Health, all at the University of Texas. Dr. Forgione previously served as advisor to the MBA in Healthcare Management program at the University of Baltimore, and he held a joint appointment in the School of Pharmacy at the University of Maryland, where he taught in the Doctor of Pharmacy program.

He is an active member of the American College of Healthcare Executives, the Healthcare Financial Management Association, and the Medical Group Management Association. He has served as the senior editor of Research in Healthcare Financial Management, and as a columnist for the Journal of Health Care Finance, and San Antonio Medicine.

Dr. Forgione is a consultant to healthcare organizations and has analyzed the financial and operating performance of more than 5,500 hospitals throughout the United States. His litigation support and consulting work was used twice by the U.S. Congress in national healthcare policy deliberations, and by the Texas Attorney General in landmark hospital charity care legislation. He has also worked in collaboration with the EuroDRG project for eventual convergence of healthcare payment systems throughout the European Union. He was invited by the government of South Korea as an international expert to address more than 500 government and healthcare professionals in their rollout of a new national healthcare payment system. He also provided input for the new physician specialist payment system reforms for the country of Belgium. He is a member of the Board of Directors of Morningside Ministries–an award-winning nonprofit long-term healthcare organization, successfully completing nearly $100 million in new external financing, including a $50 million tax-exempt public bond issue.

Dr. Forgione developed and teaches a graduate-level Seminar in Medicare Regulation, as well as Accounting for Healthcare Organizations, and a doctoral research seminar in Government & Nonprofit Accounting. He has conducted professional training programs on Medicare regulation, healthcare fraud and abuse regulations, physician self-referral prohibitions, governmental auditing, forensic accounting, electronic data recovery and related issues to hundreds of accountants, auditors, regulators, fraud examiners, U.S. Internal Revenue Service agents, physicians, surgeons, allied healthcare professionals and U.S. Veterans Health Administration Inspectors General.

He has more than 137 professional publications, 46 editorial and reviewing roles, 151 instances of television debates, national radio network commentary and other news / media coverage to his credit. His books have been used in more than 75 colleges and universities throughout the U.S. He is listed in Who’s Who in Medicine and Healthcare (2000-present), Who’s Who in the World (2002-present), Who’s Who in America (2002-present), Who’s Who in Finance and Industry (2001-2009), and Who’s Who in American Education (2005-2008). He earned his BBA in accounting and information systems, MBA and MS in accounting, and Ph.D. in accounting all at the University of Massachusetts at Amherst.

Research Interests

  • External audits and governance in healthcare and nonprofit entities
  • Comparative international healthcare accounting, financing systems and quality of care

Selected Publications

  • “Improvement in Clinical Trial Disclosures and Analysts’ Forecast Accuracy: Evidence from the Pharmaceutical Industry,” (with J. Hao, L. Guo and H. Zhang), Review of Quantitative Finance and Accounting, Vol. 47, No. 4, 2017, pp. 1-26.
  • “Earnings Management in Non-Public Companies: The Case of For-Profit Hospice Organizations,” (with K. Noe, P.C. Smith and H. Liu), Journal of Public Budgeting, Accounting and Financial Management, Vol. 29, No. 1, 2017, pp. 1-19.
  • “The ACA Exchanges and Adverse Risk Selection,” San Antonio Medicine, Vol. 69, No. 10, 2016, pp. 34-35.
  • “Legal and Tax Strategies for Healthcare Organizations and Professionals,” San Antonio Medicine, Vol. 69, No. 5, 2016, pp. 35-36.
  • “Creating a Value Index: A Method to Compare Regional Programs Performing Congenital Heart Surgery,” with S. Adil Husain, M. Sajed Rahman, Clinton E. Baisden, Lauren C. Kane, Steven R. Neish and John H. Calhoon, Journal of Health Care Finance, Vol. 42, No. 2, 2015, pp: 1-12.
  • “The Legal Environment of Physician Compensation,” (with K. Surysekar, M.F. Weismann and J. Carmenate), Journal of Health Care Finance, Vol. 42, No. 2, 2015, pp. 1-9.
  • “A Cost Analysis of Kidney Replacement Therapy Options in Palestine,” with Mustafa Z. Younis, Samer F.K. Jabr, Abdallah Al-Khatib, Michael Hartmann and Adnan Kisa, Inquiry: The Journal of Health Care Organization, Provision and Financing, Vol. 52, 2015, pp: 1-8.
  • “Charitable Contributions and Quality in the U.S. Hospice Care Setting,” with Kelly Noe, Journal of Public Budgeting, Accounting and Financial Management, 2014.
  • “Economic Incentives in the Hospice Care Setting: A Comparison of For-profit and Non-profit Providers,” with Kelly Noe, Journal of Public Budgeting, Accounting & Financial Management, 2013.
  • “Going-concern Modified Audit Opinions for Non-profit Organizations, with Thomas E. Verneer and K. Raghunandan, Journal of Public Budgeting, Accounting & Financial Management, Vol. 25, No. 1, 2013, pp. 113-134.
  • “An Empirical Investigation of Audit Fees in the U.S. For-profit Healthcare Sector,” with Xiaoli Yuan and Dennis M. Lopez, Journal of Public Budgeting, Accounting & Financial Management, Vol. 24, No. 4, 2012, pp. 639-659.
  • “Hospital Financial Distress, Recovery and Closure: Managerial Incentives and Political Costs,” with Li-Lin Liu, Kathryn Jervis and Mustafa Z. Younis, Public Budgeting, Accounting & Financial Management, Vol. 23, No. 1, 2011, pp. 31-68.
  • “Audit Fees at US Non-profit Organizations,” with Thomas E. Vermeer and Kannan Raghunandan, Auditing: A Journal of Practice & Theory, Vol. 28, No. 2, 2009, pp. 289-303.
  • “Auditor Attestation of Management’s Evaluation of Internal Control: Evidence from the Non-Profit Sector,” with Thomas E. Vermeer and Kannan Raghunandan, Research in Governmental and Nonprofit Accounting, Vol. 12, 2009, pp. 99-119.
  • “The Diligence of Audit Committees in the Healthcare Sector,” with Thomas E. Vermeer and Kannan Raghunandan, Public Budgeting, Accounting & Financial Management, Vol. 21, No. 1, 2009, pp. 1-16.
  • “Financing VA Hospitals: The Case of Medicare-Eligible Veterans,” with Melony J. Goodhand and John A. Wrieden, Public Budgeting, Accounting & Financial Management, Vol. 19, No. 3, 2007, pp. 353-371.
  • “The Composition of Non-Profit Audit Committees,” with Thomas E. Vermeer and Kannan Raghunandan, Accounting Horizons, Vol. 20, No. 1, 2006, pp. 75-90.
  • “DRGs, Costs and Quality of Care: An Agency Theory Perspective,” with Thomas E. Vermeer, Krishnamurthy Surysekar, John A. Wrieden and Catherine C. Plante, Financial Accountability & Management, Vol. 21, No. 3, 2005, pp. 291-308.
  • “The First Hospital System Audit,” with Barry J. Bryan, Alan I. Blankley and Craig E. Bain, The Journal of Accounting Case Research, Vol. 8, No. 1, 2004, pp. 48-55.
  • “The Methodist Hospital System: A Case on the Role of Not-for-Profit Hospitals, Tax Exemption, and the Provision of Charity Care,” with Craig E. Bain and Alan I. Blankley, Issues in Accounting Education, Vol. 16, No. 1, 2001, pp. 67-97.