Please allow me to reserve the use of $k$ as an index and rewrite your sum as
$$
\eqalign{
&S = \sum\limits_{k = 0}^m {\left( \matrix{
n \cr
k + 1 \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } = \sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {\left( \matrix{
n \cr
k + 1 \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } = \cr
& = \sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {\left( \matrix{
n \cr
n - k - 1 \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } \cr}
$$
A first approach is to consider that the double sum of the binomial correlation is
$$
\eqalign{
& S = \sum\limits_{k = 0}^m {\left( \matrix{
n \cr
k + 1 \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } = \sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {\left( \matrix{
n \cr
k + 1 \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } = \cr
& = \sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {\left( \matrix{
n \cr
n - k - 1 \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } \cr}
$$
So that S is the coefficient of $x^{n-1}$ in the binomial
$$
S = \left[ {x^{n - 1} } \right]\left( {\left( {1 + 4x} \right)^{\,m} \left( {1 + x} \right)^{\,n} } \right)
$$
We can also express the sum directly in terms of the Hypergeometric function as
$$
\eqalign{
& S = \sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {\left( \matrix{
n \cr
k + 1 \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } = \cr
& = n\sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {{1 \over {k + 1}}\left( \matrix{
n - 1 \cr
k \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } = \cr
& = n\sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {{1 \over {k + 1}}\left( \matrix{
n - 1 \cr
k \cr} \right)\left( \matrix{
m \cr
k \cr} \right)4^{\,k} } = n\sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {{{\left( {n - 1} \right)^{\,\underline {\,k\,} } m^{\,\underline {\,k\,} } } \over {\left( {k + 1} \right)!k!}}4^{\,k} } = \cr
& = n\sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {{{\left( { - 1} \right)^{\,k} \left( { - n + 1} \right)^{\,\overline {\,k\,} } \left( { - 1} \right)^{\,k} \left( { - m} \right)^{\,\overline {\,k\,} } } \over {1^{\,\overline {\,k + 1\,} } 1^{\,\overline {\,k\,} } }}4^{\,k} } = \cr
& = n\sum\limits_{0\, \le \,k\,\left( { \le \,m,n - 1} \right)} {{{\left( { - n + 1} \right)^{\,\overline {\,k\,} } \left( { - m} \right)^{\,\overline {\,k\,} } } \over {2^{\,\overline {\,k\,} } }}{{4^{\,k} } \over {1^{\,\overline {\,k\,} } }}} = \cr
& = n\;{}_2F_{\,1} \left( {\left. {\matrix{
{ - n + 1, - m} \cr
2 \cr
} \;} \right|\;4} \right) \cr}
$$