While you attend to patient care and wellness, BeachFleischman PC is on the case. Our tax services include auditing, accounting, tax, and consulting for hospitals, medical practices, health clinics, and other specialized healthcare facilities. We also evaluate contracts with payers such as health maintenance organizations to ensure fair reimbursement and prompt settlement of disputes. We also provide consulting services in these areas:
- Implementation of internal controls
- Devising policies and procedures manuals
- Cost accounting for specific procedures
- Practice receivables and collection policy reviews
- Billing procedures and/or billing service reviews
- Fraud and embezzlement reviews
- Tax and financial planning
- Physician compensation arrangements
- Purchase or sale of medical practices
- Assistance with setting up new medical practices
- Complete practice assessments and reviews
- Retirement planning
- Practice management tools
- Accounting assistance with general ledger bookkeeping
Healthcare Insights & Updates
Employer-Provided Disaster Relief & COVID-19
Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]
Health and Human Services Provider Relief Fund – Big Reveal on Reporting Requirements
Health and Human Services (HHS) just published long-awaited guidance regarding the reporting requirements related to General and Targeted Distribution of Provider Relief Funds.
Industry Outlook 2019-2020: Healthcare
There are signs of increasing mergers and alliances between health care providers that, when successful, allow for more negotiating power with payers and more diverse, ancillary services. According to health care M&A consultancy Irving Levin Associates, 2018 saw a record number of publicly announced transactions, primarily in skilled nursing and senior housing properties. Deal value,[ … ]
Contact our Healthcare Team
To keep current with topics and trends, we are actively involved in professional organizations such as the Medical Group Management Association’s Southern Arizona Chapter and Pima County Medical Society. BeachFleischman CPAs has offices in Phoenix and Tucson Arizona (AZ) and can serve companies throughout the U.S. with healthcare-related needs. If you are interested in learning more about how BeachFleischman’s professionals can assist you, please contact us by filling out the submission form below.
