Medical and Health Care
Medical practices and health care companies have special needs when keeping patient data safe, and we can help ensure that your accounting system that is HIPAA-compliant. In addition, changes in health insurance affect your pricing, receivables, cash flow, and just about every other part of your practice. We can help you tame your paperwork and manage your financials so that you can meet your practice goals.
We serve medical practices, health and human services, physicians, dentists, pharmacists, home health care businesses, chiropractic practices, physical therapy clinics, emergency clinics, veterinary practices, retirement homes, psychological counselors, AIDS clinics, rape crisis centers, women’s shelters, acupuncture clinics, medical billing companies, homeopathics, and other health care businesses and providers.
- Accounting software selection, installation, customization, and training for medical practices and health and human services businesses
- Monthly, quarterly or annual bookkeeping services for medical and health care companies, including reconciliations, accounts payable and accounts receivable support
- Financial report preparation, including assistance in understanding your reports
- Time-tracking support for hourly billers
- Chart of Accounts design for better expense management
- Cash flow forecasting
- Mobile accounting functionality
- Payroll software selection, reporting, tax compliance, workers compensation, and other payroll management issues
- Benchmarking to your industry
- Tax return preparation and planning
- And more depending on your specific financial needs
I attended Berks Vocational School in Leesport, PA (1980-1982) where I earned a nursing aide certificate. I believe back then it was an LVN which is a licensed vocational nurse. I could name all 206 bones in the human body.
I moved to California in January 1985. In 1986, I was hired by a “third party administrator” to work as a claims examiner/adjuster for an insurance company due to my medical background and terminology. I was trained. I processed insurance claims for several different unions/companies; I worked in this field from 1986 to 1993. This consisted of reviewing each medical bill received as our customers would submit claim forms and we would pay based on this information and their plan coverage; I would process payments for the insured customers based on the plan provision/limitations. I would talk to the customers letting them know what was covered and what was not and any out-of-pocket expenses they would have to pay.
In 1993, I started working for a billing service after I was laid-off from the insurance company due to a “reduction in workforce”. I began doing accounts receivable and collections. I was hired due to my insurance knowledge (because all of their submission of bills was being denied and they didn’t know why) and they trained me in accounts receivable/billing and collections. In this role, I had to look at all of the denied bills and see what was wrong. A lot of times, they were billed incorrectly, either the coding was wrong or there was not supporting documentation for the bill to paid (i.e., doctor’s report, operative report, etc). I knew how the bills should be submitted and was able to help them collect over $300,000 dollars. I am not sure of the year, maybe 1996 I worked for an Ophthalmologist doing bookkeeping and insurance billing.
I always enjoyed math, so I took one accounting course to help me since I was entering a new field and due to my love for math, in 1996 I pursued my B.S. Accounting in the evenings and weekends at Golden Gate University.
While you help others feel better, we help you feel better about your numbers. Please give us a call or email us to schedule a free consult to discuss your medical and health care business accounting needs.