Physicians and Dentists in private practice are not only challenged by maintaining the best in patient care, but with the task of running their practice as a business. A myriad of non-medical issues can greatly impact the success of your practice, such as health plan contracting, reimbursement tracking, budgeting, forecasting, overhead containment, retirement plan implementation and administration, and regulatory challenges. These require a sophisticated level of analysis and review on a regular basis to ensure sustainable financial performance.
When deciding upon an accounting firm, you should choose one with an experienced healthcare accounting team who strives to streamline the business aspect of the practice so that health care professionals can do what they do best. Our experienced healthcare team at McPhillips, Roberts & Deans, PLC are equipped to offer advice in every aspect of your practice.
In addition to our general client services, our medical and dental practice services include:
Bookkeeping and Payroll Assistance
Assistance with Recruitment of New Associates, Partners, and Key Staff
Banking Relations Management
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Budgeting and Forecasting for Maximum Profitability
Buy-ins and Buy-outs
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Health Plan Contract Negotiations
Industry Benchmarking
Mergers, Acquisitions, Consolidations and Expansions
Monitoring Key Financial Indicators
Practice Valuations
Real Estate Acquisitions and Lease Negotiations
Retirement Plan Administration and Audit
Revenue Cycle Improvement