Full CPA functions for the business of medicine

The profession changed; the accounting did not keep up

The healthcare professions are undergoing major changes: insurance contracts, managed care, compensation issues, the formation of new practice entities, Medicare regulations, continued financial and tax complexity, and a significant squeeze on profits.

Those changes land on the general ledger. A practice that adds a mid-level provider, joins an ACO, opens a second location or buys imaging equipment creates a set of tax, entity and reporting questions that a generalist preparer will answer correctly in the abstract and expensively in practice.

Traditional services, done properly

• Preparation of financial statements
• Audits and review engagements
• Annual federal and state tax return preparation
• Corporate formation, elections and filings
• Quarterly estimated tax planning
• Owner and provider compensation structuring

And the analysis that usually follows

Alongside the traditional work we provide financial analysis and benchmarking, practice valuations, transition consulting and compensation reviews, plus management consulting where the numbers raise a question the practice cannot answer alone.

With pay-for-performance arrangements and electronic record implementation, physicians face continued pressure for change. We provide workflow management and software implementation support through our consultant network, so the financial plan and the operational plan are not written in separate rooms.