MEDICAL ACCOUNTING & BOOKKEEPING
FOR YOUR PRIVATE MEDICAL PRACTICE OR HEALTH AND WELLNESS STUDIO
Improve your bottom line by having an accounting system set up according to your specific industry challenges!
Why is it important and what can we do for you?
You did not spend your time preparing to practice medicine in order to do payroll, bookkeeping and financial reporting. We understand the challenges medical providers are facing. When dealing with billing rates, ongoing account receivables, expensive medical supplies and even managing multiple provider services, it can be hard to figure out what is working and what is not.
Medical practices need a systematic approach in analyzing where their income is coming from, what their expenses are and what their accounts receivable turnover looks like. We work with financial KPI’s (Key Performance Indicators) to prepare and analyze financial data. Having the right accountant for the medical practice means increasing far greater efficiency and bottom line. Often times, the savings are greater than the cost of hiring an in-house accountant.
Successful medical practices follow some or all of these performance practices:
Net collection ratio
Income by provider
Accounts receivable turnover
Accurate & timely bookkeeping
Support with KPI reporting
Reviewing medical practice performance at least monthly
By choosing BBR for your accounting needs, you will have more time to focus on growing your business. All of your accounting is located in the cloud for access from any computer at any time. Savings on payroll, training and other overhead costs are about 40% by choosing us versus hiring an in-house accountant. You will have improved cash flow which gives you greater control of your business by using financial data more efficiently which allows better business decision making. There are no added costs for hiring an employee -- no vacation, benefits or space requirements! We offer many other services to suit your needs. For example, as your business grows, and you have more complex issues to take, our controller services come in handy. It covers a deeper level of financial analysis and reporting so that you may make better strategic business decisions.
"Before I started with Business Bookkeeping Resolution, I was in need of a good bookkeeper, but I was worried about trusting one because I had heard horror stories where the bookkeeper didn't know what they were doing or didn't return phone calls, and I didn’t want to trust someone like that with my confidential business information.
Thankfully, Business Bookkeeping Resolution is nothing like those horror stories.
They have helped my business by giving me useful advice to help my business grow. For example, they present me with tables monthly, quarterly, and annually, which helps me to see strengths and weaknesses of my business. I also love the personalized service and the friendly, helpful staff. They’re very knowledgeable, and when they don’t know the answer to one of my questions, they look it up, consulting with their CPA to make sure I get the best answer possible. Their expertise allows my bookkeeping to run in “auto mode,” so I can focus on my business, and that’s helped us grow immensely.
If you want personalized, reliable service, I definitely recommend Business Bookkeeping Resolution. Thank you so much for all of your help!"
— Dr. Dakak, MD