Patrick McAssey, CPA


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Experience Highlights

As a partner in blum’s Accounting and Auditing Department, Pat has over 25 years of public accounting experience, performing financial statement audits and single audits for the firm’s non-profit and healthcare clients, including skilled nursing facilities, retirement communities, residential programs for the developmentally disabled, human service agencies, and membership organizations. He has particular experience resolving disputes in field audits conducted by third-party insurers and the Rhode Island Department of Human Services.

Pat works closely with clients in the preparation of cost reports, rate submission and appeals and, on a proactive basis, to develop operating budgets, projections and forecasts. He provides hands-on training to client personnel on the maintenance of Medicare statistics and billing techniques. He also oversees annual audits of financial statements and electronic submission of companies that have obtained insured financing from the Department of Housing and Urban Development.

Pat is also a member of the firm’s Employee Benefit Assurance Services Group and has extensive experience in auditing and advisory of defined benefit and defined contribution plans, including 401(k), 403(b) and other retirement and pension plan compliance audits. He is active in the Employee Benefit Plan Audit Quality Center of the American Institute for Certified Public Accountants.

Professional Education
  • University of Rhode Island - Bachelor of Science in Accounting
Professional Organizations & Activities
  • American Institute of Certified Public Accountants
  • Rhode Island Society of Certified Public Accountants
  • LeadingAge Rhode Island & Massachusetts
  • Rhode Island Health Care Association
  • Rhode Island Assisted Living Association - Board Member
  • Rhode Island Quality Institute - Audit and Compliance Committees
  • Massachusetts Senior Care Association
  • St. Philip School - School Board Chair, Finance Committee
  • Town of Smithfield, Rhode Island - Financial Review Commission, Member
  • Association of Fundraising Professionals - Board of Directors
  • Smithfield Little League - Past Treasurer, Board of Directors

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