Optimizing Financial Operations and Ensuring Healthcare Regulatory Compliance

We understand the importance of optimizing financial operations and ensuring compliance in the ever-evolving healthcare regulatory environment. We provide the following specialized accounting services to enhance financial management efficiency and accountability:

Patient Billing and Accounts Receivable Management: Our team handles patient billing, insurance claims processing, and accounts receivable management to facilitate timely payment for services rendered.

Revenue Cycle Management: We optimize the revenue cycle from patient registration to claim submission and payment posting, including denials management and appeals processing.

Cash Flow Management: Our team monitors cash flow, manages expenses, and forecasts financial needs to support day-to-day operations and investments in practice growth.

Payroll Processing and Tax Compliance: We calculate and process payroll for clinic staff, including chiropractors, dentists, therapists, administrative staff, and assistants, while ensuring compliance with payroll taxes and regulations.

Cost Accounting for Treatment Modalities: Our team tracks and analyzes the costs associated with different healthcare services and treatment modalities, including adjustments, therapies, diagnostic services, dental procedures, and mental health treatments.

Financial Reporting and Benchmarking: We generate financial reports, including income statements, balance sheets, and key performance indicators (KPIs) to assess practice performance and benchmark against industry standards.

Tax Planning and Strategy: We advise on tax strategies specific to healthcare practices, such as deductions for medical equipment, business expenses, retirement planning, and compliance with healthcare-specific tax regulations.

Regulatory Compliance: We assist with compliance matters related to healthcare regulations, HIPAA (Health Insurance Portability and Accountability Act), Medicare and Medicaid billing regulations, and other industry-specific requirements.

Healthcare Accounting is beneficial for:

• Doctor’s clinics
• Specialist offices and clinics
• Nursing homes and assisted living facilities
• Laboratories and diagnostic clinics
• Dental offices
• Orthodontic offices
• Outpatient clinics

Our specialized healthcare accounting services help you optimize financial operations, ensure compliance, and prioritize patient care. Reach out to us below: