Industry
Accounting for healthcare practices
Practitioner splits, insurance receivables and multi-site reporting.
Overview
Healthcare practice accounting handles the two things that make clinic finances different: revenue shared between practitioners on varying terms, and income collected from third-party payers long after treatment.
A practice's ledger has to answer questions a normal small business never faces. What did each practitioner generate, and what are they owed under their specific arrangement? How much is outstanding from insurers rather than patients, and how old is it? If there's more than one site, which ones are actually profitable?
None of that is exotic accounting, but it is easy to get wrong with a generic chart of accounts.
What we handle
- Practitioner revenue splits, whether percentage, room-rental or salaried
- Associate and locum payment reconciliation
- Insurance and third-party payer receivables, tracked by age
- Patient balances separated from payer balances
- Per-site and per-room profitability for multi-location practices
- Equipment finance and lease schedules
- Payroll for mixed employed and self-employed clinical teams
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