Medical Practice Consulting

Tax Savings and Cost Cutting Approaches:

• Consulting on information capture and tax compliance matters pertaining to a group operating in multiple/satellite locations.
• Professional tax planning with regard to the new tax laws on a Corporate and Personal basis.
• Monitor nationwide trends in medical practice management for current comparisons.
• Lease v. purchase analysis for vehicles, equipment and real estate.
• Analysis of overhead sharing arrangements, Stark allocations, etc.
• Computer hardware/software selection/implementation including billing, collection and practice management software.

Fraud/Defalcation Protection:

• Monitor percentage collection to total dollars billed in relation to industry averages.
• Analysis on a monthly basis of collections, charges, receivables and write-offs relationships to changes in cash.
• Monitor cash balances on a monthly basis by performing bank reconciliations and proofs of cash.
• "Cash Audits" designed to uncover weaknesses in internal controls and identify operating inefficiencies.

Sales/Mergers/Acquisitions:

• Consulting with respect to: Sales/Mergers/Acquisitions, Physician buy-in or buy-out and business valuations.

Wealth Accumulation:

• Retirement plan design and implementation for purposes of deriving the maximum allowable benefit for the Physician.
• Monitor retirement plan investment performance.
• Design and implement Physician compensation arrangements and perform calculations of incentive pay on a monthly, quarterly, semi-annual or annual basis.
• Estate Planning including personal financial and retirement planning and family education issues.

Our medical practice consulting team

• Terrence P. Egan, CPA, Partner
• Charles C. Craft, CPA, Partner
• Terry L. Yoho, CPA-ABV, MA, CFE, BVAL, CFF, Director of Valuations | Business
  Valuation Curriculum Vitae | Litigation Curriculum Vitae
• Raymond E. Louis, CPA, Partner
• Brian L. Stephens, CPA, Partner
• Joseph M. Gordon, CPA, Partner
• Jeffrey M. Woeste, CPA, Manager