Managing a healthcare practice is often a difficult challenge.
There are a number of changing variables that not only impact operations but also individual physician compensation, reimbursements and overall practice profitability. Increasing costs, new regulations, decreasing reimbursements and healthcare reform have been a challenge. Finding the best way to proactively manage these can be difficult but also presents opportunity. To ensure your practice can leverage these opportunities, it’s essential to partner with a CPA firm with industry experience. It’s important to work with a firm that not only understands traditional tax, accounting and audit needs, but one that is familiar with the operational, management and other issues specific to medical practices.
Let’s face it; if a provider does not have experience in your industry then there is limited value they can offer. As practices grow and the regulatory environment changes so do their accounting, tax, audit, and planning needs. This is especially true in the healthcare industry, Hanson & Co works with dozens of practices across Denver and the Front Range.
Our healthcare Accounting Services
Sales and Use Taxes
Physician Compensation Design
Employee Compensation Calculations
Choice of Entity
Cash Flow Forecasting
Cash Receipts and Billing Discrepancy Analysis
Board Meeting Presentations
Looking for an experienced Denver firm that focuses on serving medical practices? Whether you are part of family, specialty or other practice, Hanson & Co wants to help. For additional information, please contact us at (303) 388-1010, or click here to contact us. We look forward to speaking with you soon.
The latest from Hanson & Co.
Since the start of the pandemic, the IRS has faced significant struggles attempting to process individual, and certain federal business tax returns.
Physicians and other medical practitioners are experiencing significant changes in their businesses. Not only do they need to stay current with medical changes, but they need to focus on the realities of managing the business.
Incorporating a practice that already exists in your own operations can be tricky. You will need to spend money upfront transitioning the target’s patients into your electronic systems.