NJ: 201.445.8711     NY: 516.305.1996

Medical Practice Records

Medical Practice Services

As a medical professional, you are constantly on the move. You don’t always have the time or expertise to monitor the profitability of your practice. You also need a CPA who fully grasps the unique requirements of your business. We examine a broad range of issues:

  • Income Tax Compliance & Planning
  • IRS Resolution
  • Retirement & Succession Planning
  • Physician Compensation Planning
  • Preparation of Financial Statements; Audits, Reviews, and Compilations
  • Benchmarking against your colleagues in the same medical industry
  • Valuations of Professional Practices – Buy-Sell Agreements
  • Structure Arrangement for Bringing in New Associate
  • Negotiate and Review Equipment Purchases/Leases

 

The healthcare industry is a highly regulated and ever changing business environment. That’s why, in order to stay competitive and be successful, it is more important than ever that your practice has access to high-quality guidance and support from a trusted financial and business advisor. We understand the challenges you are facing and we can help. We're different from most CPA firms because we bring experience working directly with healthcare industry professionals.

This specialized focus provides a depth of knowledge about the needs of physician groups, doctors, dentists, assisted living facilities, physical therapists, radiologists and other healthcare related practitioners that is unmatched by most accounting firms in Texas and surrounding states.

Practice Management Services:

  • Choosing the right type of entity -- (Sole proprietor, LLC, S Corp, C Corp)
  • Tax planning and structuring
  • Strategic planning
  • Practice start-up consultation
  • Practice valuation
  • Overhead analysis
  • Contract review and negotiation
  • Capital acquisitions
  • Lease vs. buy analysis
  • Billing, insurance and accounts receivable management
  • Software system design
  • Business continuation planning
  • HIPAA/compliance
  • Operational review
  • Financing assistance
  • Business plans
  • Equipment acquisition planning