Medical Practices

Having worked closely with the medical community for many years, Michael Blitstein and the medical practice accounting professionals at CJBS are intimately familiar with the unique aspects of running and maintaining a successful medical business. Our services extend far beyond traditional accounting and tax compliance or business consulting to focus on the specific issues that, beyond providing quality care, are the main concern of today's entrepreneurial healthcare professionals.

We take the time to understand the ever-changing regulations and billing procedures within the health care industry and determine their effects on the financial and operational aspects of your practice. Whether you are in need of an audit or an in-depth analysis of your practice's internal accounting procedures, our accountants and consultants work closely with your management team to develop short and long-term strategic plans designed to achieve success for you and your business.

The following are some of the Medical Practice Accounting services offered by CJBS:

Budgeting, forecasts, and projections for practice sizes up to $15,000,000

Traditional Services
  • Budgeting
  • Bookkeeping
  • Audits, reviews, and compilations
  • Tax preparation and planning
  • Review of employment and shareholder agreements
  • Designing and implementing an employee compensation plan
  • Business valuations
Operational Assessment
  • Benchmarking practice profitability
  • Review of internal controls and presentation of a strategic plan identifying key financial issues and solutions
  • Review posting of charges, billings, adjustments and collection procedures, accounts receivable, and EOB's
  • Extender and ancillary service profitability analysis
  • Analysis of start-up practices including choice of entity type, overhead analysis, tax credit calculations, cash management, and debt structure.

  • Extensive work development retirement plan account strategies for maximizing shareholder contributions. Plan administration functions.

  • Design of equipment leasing and real estate holding entities for tax planning and asset protection.

  • Long term business plan development including practice expansion, admission of shareholders/members, exit strategies.

  • Tax and estate planning

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