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We Take the Headaches Out of Practice Management |
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ABC helps your practice thrive by taking care of operational issues
that drain time and energy away from your full attention to your
patients. |
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Contact us to learn more
about any or all of our financial and management services. |
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Corporate Accounting |
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ABC's accountants will prepare periodic financial statements for
your practice, including the balance sheet, income statement and
cash flow statement. |
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Budgeting/Cash Management |
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ABC provides the expertise necessary to develop a budget for your
practice. The budget is a crucial document that will enable you to
plan for the practice's revenues and operating expenses over a
specified period of time. Two to three years' of information is
necessary to formulate a budget: including the patient count, the
number of procedures performed and units billed; the dollar amount
of billings, collections, contractual adjustments, and write-offs;
net collection percentages by major category of third party payers
and for the practice overall; accounts receivable aging; patient mix
by third party payer; and the practice's overhead and other related
expenses. |
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Accounts Payable
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ABC will prepare checks for your signature, and then distribute
payments to vendors and suppliers. |
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Tax Preparation
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ABC will prepare for your signature and then file the appropriate
local, state, and federal tax returns mandated by statute for your
business entity. |
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Electronic Payroll Processing
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ABC will prepare payroll checks, make required payroll tax deposits,
and file periodic returns. As an additional option, direct deposit of
net pay to your employees' personal bank accounts is available. |
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Corporate Retirement Programs
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ABC's retirement plan consultants will work with you to develop a
retirement plan that suits the needs of your practice. They will
draft the plan documents and summaries. As an additional option, they
will prepare and submit, on your behalf, all necessary periodic
government filings. |
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Insurance
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ABC's risk management consultants will review the adequacy and costs
of your various coverages and arrange to place your policies with the
most efficient carrier. |
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