Health Care Facilities
CPA for Physicians
You didn’t get into medicine to invest a large portion of your valuable time managing the business side of healthcare; yet in stark reality every decision you make impacts your personal and professional finances.
At Smith & Smith CPA’s, an Arlington, Dallas & Seagoville Texas CPA Firm, we provide a wide variety of accounting and financial management services for physicians, other healthcare professionals. Our services are designed to simplify the process for you by providing comprehensive accounting, tax,bookkeeping,payroll and financial management services.
At Smith & Smith CPAs, along with the access you need, we also provide guidance headed by a team of advisors who are fluent with in-depth knowledge of the inevitable challenges and their solutions.
Smith & Smith CPAs will work with you closely to understand every aspect of your revenue cycle and workflow to help you uncover opportunities for development, improvement and acceleration. We’ll help you select the right technologies and offer you tools to make the most of it. We’ll make sure that the bottom line is protected and your valuable time is not wasted so that you can focus more on patient care.
As your practice prospers, we’ll be there, with answers to all relevant queries. We’ll always guide you through several ongoing challenges, including tax planning, revenue cycle acceleration, and preparation for retirement and even complex practice valuations such as selling practice or hospital integration.
If your practice is affected, Smith & Smith CPAs can help in optimizing it.
Services for physicians include:
Tax Planning and Compliance
- Strategic Tax Forecasts
- Comprehensive Business-Personal Services
Operational Effectiveness and Profitability
- Operational Assessments and Workflow Redesign
- Staff Training to Improve Revenue Throughput
- Rightsizing Strategy and Implementation
- Managed Care Contracting to Optimize Opportunities
- Fraud Detection
Revenue Cycle Acceleration
- Business Office Work Flow and Process Assessment
- Outsourced Business Office Assessment and Deficiency Correction Plans
- Interim Management
- Sustainable Compensation Models That Incentivize
- Buy-Sell-Merge-Expansion Decision Propositions
- Start-up of Entrepreneurial Medical Practices
- Practice Valuation
- Employment Agreement Analysis
- Successful IT Integration and Implementation
Technology Enhancement and Utilization
- Practice Management System Optimization
- Multisystem Integration
- QuickBooks® Consulting
- Payroll Preparation and Tax Reporting
- Accounting System Consultation, Implementation and Training
- Sales and Use Tax-Related Consulting
- Turnkey Controllership Services
- Employee Benefit Plan Administration
- Financial Statement Analysis and Preparation
- Business Plan Development