Accounting Services for Small Healthcare Practices

Excellent Patient Care Starts With a Healthy Practice

Perhaps the most complex industry in the world, healthcare is ever changing and evolving. From the nature of human beings struggling with pain, to managing tightening regulations and insurance reimbursement, practice management has never been so challenging. As a physician, dentist, chiropractor, home health agency, or other medical provider, numbers are more than just a patient’s ID number, lab results, or date of birth. Numbers are the life-blood of your practice. To run a truly successful healthcare business, you need to understand the financials behind excellent patient care.

Whether you yourself are the provider, the clinic manager, or a billing and insurance claims specialist, we understand the symptoms you are facing in your practice:

  • Managing cash flow, billing, and reimbursement cycles
  • Accounting for contracted rates, allowables, co-pays, and write-offs
  • Covering the costs of supplies, inventory, and expensive equipment
  • Running accurate and fair pension and profit sharing plans in your medical group
  • Balancing the expense ratio to professional profit in the practice
  • Evaluating opportunities for potential mergers, acquisitions, or the sale of your practice

Lastly, the challenges facing the industry, ever declining reimbursement and navigating how complex changes and regulations have changed your practice.

An Accurate Diagnosis is Key

Without a history and physical, coming to an accurate diagnosis and plan of care is impossible. At EWH Small Business Accounting we follow the same philosophy. We offer complimentary consultations, where you have the chance to tell us more about your financial challenges and get to know our process and systems. We’ll review things like your accounting and bookkeeping and give you our recommendations for how to foster healthy financials in your small healthcare practice.

Schedule your Complimentary Accounting and Bookkeeping Consultation at one of our four locations in Waukesha, Madison, Onalaska and West Bend today!