Practice Management

Practicing physicians and dentists are frequently faced with intricate business and management issues that require making decisions with long-term financial consequences.

As your CPA and Practice Business Advisors, we will always be available to provide the analysis you need to make sound business decisions, and to help you implement them.

We are also available to help you in dealings with your other advisors, i.e., attorney, insurance agent, loan officer, retirement plan consultant, and others.

The Practice Management Services We Provide Are

- Start-up practice consultation
- Choosing the right type of entity (Sole Proprietor, PC, PA, LLC, S Corp, C Corp.)
- Billing and reimbursement issues
- Practice overhead analysis
- Practice business evaluation
- Partnership, and buy/sell agreements consultation
- Employment contracts
- Practice valuation
- Staff hiring, termination, over time and employee policy handbook
- Chart audits and compliance review services

Account Receivable & Cash Flow Management

Billing and collection for the services you provide is by far the most important function in your practice management. The reimbursement rates you receive from the insurance companies are constantly being lowered, yet your malpractice insurance and practice overhead are on the rise. The ability to send out accurate and timely billing for your services is critically important to the financial stability of your practice. Equally important is the ability to follow up on rejected claims and to resolve reimbursement issues in a timely manner.

"Should you maintain an in-house billing department, or outsource this function to an outside billing company?" This crucial decision requires careful analysis of the pros and cons of each option. Furthermore, you must review and monitor your practice's billing and receivables operation and management reports on a monthly basis. We are available to help you with this important function.

We will help you better understand where your practice stands financially and how you may improve your bottom-line.