We realize that owning a medical practice no longer means just worrying about treating your patients; it also means worrying about declining reimbursement rates, rising insurance rates, increasing costs and increased compliance. We understand the financial ramifications of these and other industry issues and can provide the information and guidance you need to maintain financial stability in today’s competitive marketplace and beyond.
As your accountant, we will work closely with you to develop a thorough understanding of your immediate concerns and your long-term goals. We’re involved in many facets of our clients’ practices, from preparing 1099s at year-end, selecting an investment manager for retirement funds, to ultimately developing a succession plan. The recommendations and resources we provide clients enables them to make educated financial decisions, so they can achieve their business goals.
Our Medical Practice Services Include:
Accounting, Auditing & Tax Services
- Financial statement compilations, reviews, and audits
- Federal, state, and local tax return planning and preparation
- Year-round tax planning for your practice and your doctors
- Fixed asset and depreciation scheduling
- Budget and cash flow forecasting
- Year-end reports of payments to service provider preparation
- HHS Provider Relief Fund Audits
- Employee benefit plan audits
- Internal control systems and policies development
- Accounting system development and training
Advisory Services
- Merger, acquisition, and liquidation strategy planning
- Purchase vs. lease analyses
- Succession planning
- Buy-sell agreement consulting
- Compensation and bonus structure consulting
- Outsourced bookkeeping and accounting
Industry Involvement
Our firm is a member of the following;
