Running a successful medical practice involves more than meets the eye; on the one hand, you need to provide quality care to your patients, and on the other, you need a well-run and financially sound organization for long-term success. As is expected, this presents unique challenges, especially when it comes to how best to ensure the financial health of your practice is never ignored, even as you prioritize attending to your patients.
Here is where we, L.A. Financial Management, come to your rescue with our outsourced healthcare accounting services that are tailored to suit the unique needs of the medical industry.
Focus on What You Do Best: We'll Take Care of Your Bookkeeping and Accounting Needs
Our healthcare accounting services are designed to save healthcare organizations like yours from the demanding task of having to manage your bookkeeping and accounting tasks without bearing the cost of having a full-time professional accountant on the payroll.
Essentially, we are offering you a perfect balance where you get to do what you do best -which is taking care of your patients and in-house team, without worrying about those numbers and the company's accounts and finance books.
And how exactly do we accomplish this?
Well, after years of serving clients in the healthcare industry, we've come to master key accounting and bookkeeping best practices that provide a firm foundation for ensuring sustainability and achieving your long-term goals.
For this, we offer an all-inclusive range of accounting services for healthcare providers, including:
General bookkeeping and accounting tasks
We'll ensure accurate bookkeeping and always have your accounts up to date so you can easily keep track of your income and expenses. Our professional accountants will also help you establish proper internal procedures to help eliminate errors and ensure all financial records are accurate.
Tax Planning and Compliance
The healthcare industry is known for its strict rules and regulations, and our team is knowledgeable about the accounting principles that your medical practice needs to adhere to. We'll also help you develop a tax strategy that will enable you to fulfill your tax mandates without breaking a sweat.
Our accounting experts are also seasoned in providing payroll services for healthcare providers and once hired, we'll help set up processes for stress-free payroll processing.
Medical Billing Services and Cash Flow Management
We understand how complicated the medical billing process can be, and we are happy to take this time-consuming task off your hands. Our health care accountants will first focus on streamlining this process to ensure you get the most out of these reimbursements. We'll also assist with cash flow management right from the basics, such as establishing an accounts receivable system, to providing advice based on the information we have.
Budgeting, Forecasting, and Reporting
Healthcare organizations need proper budgeting, forecasting, and reporting systems for good insights into the financial health of the business. Our accounting professionals understand this and will assist with budgeting, forecasting, and reporting so that you can develop better plans for long-term growth.
If you’d like more information about our Healthcare Bookkeeping CPA Services , get in touch today.
Why Choose Our Healthcare Accounting Services
We Know the Healthcare Industry
Years of partnering with clients in the healthcare industry have provided us with valuable insights that now makes navigating even the most complex accounting and financial issue easier for us. This firsthand experience makes us the absolute best choice if you want a bookkeeping and accounting services partner for your healthcare business.
We Are A team of Seasoned Accounting Experts
By choosing L.A. Financial Management, you are partnering with a team of experienced accounting professionals who know what it takes to build and maintain a well-established medical practice. Therefore, you can be confident of the backing of accounting experts who care about your success.
We Cover Those Extra Miles
You can count on us to do more than accurately prepare and maintain your company books, as we are invested in helping our clients improve their bottom line. Instead, we'll be an extension of your company, always available when required and doing every right thing to make your daily operations easier.
We Do It All On A Budget
As a newly established or growing medical practice, it is vital to avoid hiring for positions that you can outsource and still be able to run operations without hiccups. This is what our healthcare accounting services offer as we take on an important role without overstretching your business too soon by having too many people on the payroll.
Hear It From Our Clients
Still unsure if we are the best healthcare accounting professionals for your medical practice?
This is what our clients have to say:
“Lara is extremely knowledgeable and has many years of experience in the field of finance and accounting. In addition, she’s very personable, which makes her customer service skills exceptional. Those two factors are important to me when choosing a financial business professional. I highly recommend her services!”
— M.S., Non-profit Education