Financial Health for Healthcare Providers
From solo practitioners to multi-location clinics, we understand the unique challenges of medical billing, insurance reimbursements, and healthcare compliance.
HIPAA Compliant
Medical Clients
Specialized Expertise
Comprehensive accounting, payroll, and tax services tailored to each sub-sector of Medical and Health.
📚Bookkeeping
- •Monthly bank and credit card reconciliations
- •Recording insurance payments (ERA/EOB) and patient co-pays
- •Managing vendor payables for lab services and medical supplies
- •Tracking multiple revenue streams (insurance, patient payments, procedures)
🧮Accounting
- •Monthly Profit & Loss statements by location or department
- •Revenue Cycle Management (RCM) oversight tracking denied claims and aging A/R
- •Cash flow forecasting to manage insurance payment lag
- •Accrual accounting for services rendered but not yet billed
👥Payroll
- •Managing base salaries for clinicians and support staff
- •Processing Physician Compensation based on RVUs or net collections
- •Handling multi-state payroll for group practices with multiple locations
- •Managing complex benefit structures (health insurance, malpractice, CME allowances)
📄Tax Preparation
- •Form 1040 / 1120-S preparation for physician-owned practices
- •Section 179 deductions for medical imaging or surgical equipment
- •Tracking CME (Continuing Medical Education) and professional dues
- •Managing S-Corp distributions and reasonable compensation
⚙️Software Stack
Getting Started
We follow a rigorous methodology to ensure your Medical and Health transition is effortless and effective.
Practice Assessment
We review your practice type, PM system, payer mix, and specific accounting needs.
Software Integration
Seamless connection with your PM/billing system and accounting platform.
Compliance Verification
Ensure HIPAA BAA is in place and security protocols are established.
Onboarding
Train our team on your specific practice workflows and reporting requirements.
Ongoing Support
Daily bookkeeping, monthly financials, and strategic practice insights.
The Medical and Health
Advantage
HIPAA Compliance & Data Security
SOC 2 Type II compliant delivery centers ensure all patient and practice data is handled with the highest level of security. We're fully compliant with HIPAA regulations and sign BAAs (Business Associate Agreements).
Healthcare Software Expertise
Deep proficiency in practice management systems like AdvancedMD, Athenahealth, Dentrix, SimplePractice, and more. We understand the unique integration between PM systems and accounting software.
RCM & Insurance Knowledge
Understanding of insurance billing cycles, ERA/EOB processing, denial management, and the complexities of healthcare revenue recognition.
Scalability for Multi-Location Practices
Handle accounting for single-provider practices up to multi-location group practices with consolidated reporting and location-level P&Ls.
40-60% Cost Savings
Save significantly compared to hiring in-house healthcare accounting staff, while getting specialized expertise in medical practice accounting.
Driving performance through
strategic financial leadership.
Frequently Asked Questions
Detailed answers to the most common questions regarding our Medical and Health industrys.