Medical
Accounting Services for Medical Practices & Physicians
Running a successful medical practice requires more than exceptional patient care, it also demands precise financial management. Our specialized accounting services are designed to support healthcare professionals with the unique financial, regulatory, and operational challenges of the medical field.
Operating a busy & high dollar practice requires a different mindset regarding investment & growth then when you first set out. Our CFO services will help you identify bottlenecks in your growth trajectory while helping you make the leap from low margin care verticals to higher margin work that you actually enjoy doing.
Our tax planning and mitigation expertise will jump start your investment into your practice by allowing previously allocated tax obligations into savings that you can immediately reinvest to grow fast.
If scaling or buying another practice is on your horizon, we will leverage our credit and lending expertise to arrange purchase financing, lines of credit, and help you put in place a practical plan to one and for all retire your medical education debts.
Our services include
Payroll & Compensation Management
Complete payroll processing for physicians, nurses, and staff
Tracking of employee benefits, bonuses, and withholdings
Compliance with federal and state employment tax regulations
Bookkeeping & Financial Reporting
Accurate recording of income, expenses, and reimbursements
Preparation of monthly, quarterly, and annual financial statements
Customized reports for practice performance and profitability
Practice Budgeting & Forecasting
Creation of detailed budgets tailored to medical operations
Cash flow management to ensure stability and growth
Financial forecasting to support strategic decision-making
Regulatory & Compliance Support
Assistance with healthcare accounting standards (GAAP, HIPAA considerations)
Support with Medicare/Medicaid cost reporting
Guidance on financial documentation for audits and accreditation
Business Advisory & Growth Services
Benchmarking against industry standards
Practice valuation, mergers, and partnership planning
Support for technology investments, expansion, or transitions
Accounts Receivable & Billing Support
Oversight of billing and collections to improve cash flow
Analysis of payer mix and reimbursement trends
Reconciliation of insurance payments and adjustments
Tax Planning & Preparation
Strategic tax planning to minimize liabilities and maximize deductions
Preparation and filing of federal, state, and local tax returns
Guidance on quarterly estimated taxes and IRS compliance