Health Care PhysiciansPhysicians Practice

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Are you interested in starting your own practice? You have come to the right place! We can help set you up with an office in accordance to your preferences and specifications at a price you can afford. For a good startup practice you will need suitable equipment as well without losing too much of your capital. We can help you locate and negotiate on this equipment to make sure you get the best possible deal out of it and assist you in every step of planning. A business requires attention in several sectors and we can help you manage those sectors while you focus entirely on your patients.

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 Compliance01.

  • Strategic Tax Forecasts
  • Comprehensive Business-Personal Services

Revenue Cycle Acceleration03.

  • Business Office Work Flow and Process Assessment
  • Outsourced Business Office Assessment and Deficiency Correction Plans
  • Interim Management

Comprehensive Accounting07.

  • 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

Operational Effectiveness and Profitability02.

  • Operational Assessments and Workflow Redesign
  • Staff Training to Improve Revenue Throughput
  • Rightsizing Strategy and Implementation
  • Managed Care Contracting to Optimize Opportunities
  • Fraud Detection

Strategic Positioning04.

  • Sustainable Compensation Models That Incentivize
  • Buy-Sell-Merge-Expansion Decision Propositions
  • Start-up of Entrepreneurial Medical Practices
  • Practice Valuation

Physician-Hospital Success05.

  • Employment Agreement Analysis
  • Successful IT Integration and Implementation

Technology Enhancement and Utilization06.

  • Practice Management System Optimization
  • Multisystem Integration
  • Implementation
how can we help you?

Whether you’re an individual, startup, small business, or a large corporation, our CPAs and staff are here to serve you and provide exceptional accounting services for you and your company.

Having to get some paperwork notarized on a Friday seams a bit harder than it is. Went to my bank first and they quit notarizing Medical POA’s and DPOA’s. So I called Smith and Smith and thank goodness they were open, headed over and took care of it. Steve and his team are great!

Damon B.
Let Smith & Smith CPAs help you power your healthcare revenue cycle.

Contact us to speak to a specialist today.

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