MedHQ’s accounting services are tailored to the specific needs of healthcare providers. Our services include: net medical revenue analysis; case costing; patient accounting; outside compliance audits; and accounting related to ownership transactions. In addition, you can rest easy knowing that independent CPAs are overseeing your accounting processes and eliminating the temptations of fraud and theft. Bottom line, you will have accurate financial reports that will save you and your staff time, money, and stress.
Whether preparing an annual budget, preparing for an ownership transaction, preparing information for a debt financing, or filing your taxes, MedHQ has the accounting expertise to fulfill all your advisory needs.
Our accounting consulting services include:
- Directing preparation of annual budget
- Preparing annual tax returns
- Interpreting profit and loss statements and presenting them to the facility board
- Presenting monthly reports integrated with clinic volume and productivity data
- Submitting recommendations and justification for capital expenditures
- Exploring new areas of potential revenue enhancement and cost containment
- Preparation of annual business plans
- Manage financials of facility improvement projects
- Other accounting services
With a team of experienced healthcare accountants, you can trust MedHQ financial reporting to be an accurate picture of your business’ current financial state. We understand the healthcare revenue cycle and how to prepare reports that are useful tools for managers and administrators. Our reports are flexible and can be tailored to each client’s specific needs. Plus, we are always available to answer questions and offer advice.
MedHQ’s financial accounting clients receive monthly financial statements prepared the way healthcare managers find most useful. In addition, we prepare balance sheets and cash flow statements and key indicator and other reports for support board meetings, as well as enter and manage recurring invoices and perform bank account reconciliation. At tax time, our CPAs can prepare your taxes or assist your preparer with accurate financial data.
Entrust your books to a company that specializes in servicing surgical facilities. MedHQ provides services beyond what is typically offered by a general accounting firm. Our management accounting services measure the key metrics your investors want to know.
Because of our healthcare expertise, our accountants can prepare revenue cycle analysis to determine your net medical revenue, case costing, KPIs, audits for outside compliance, patient accounting and accounting preparation for ownership transactions. Our cloud-based, HIPAA-compliant accounting software provides web-accessible financial statements with an online dashboard to provide information quickly.