Healthcare & Wellness Practice
Keep A Finger On The Pulse Of Your Medical Practice Or Wellness Facility
When you started your health care practice, one of your goals was to establish good clientele to support your personal and professional goals. You put your education, your heart and countless hours and dollars into realizing your life’s dreams. As you look at your practice today, are you making the progress you want?
In addition to working with long-term care and nursing and retirement facilities, federally qualified health centers and foundations, we are experienced with Medicare and Medicaid regulation and third-party reimbursement. Plus, in addition to health care/medical tax planning and preparation, our team of specialized consultants can provide you with solutions to just about every challenge you may face as a practice owner.
Effective Practice Management
Managing a successful healthcare practice hinges on your ability to take a birds-eye view of your business regularly. You already have a lot of tools at your disposal that can diagnose the overall stability and wellness, but if you are too far into the weeds of your business, you will never truly benefit from these tools and the information they can provide you with. Let us show you how to get more from your practice with the following tools:
- Year-end checkups
- Compensation and bonus allocation design
- Healthcare accounting
- Practice valuation
- Retirement plan design services
Maintaining Profitability
Of course you want to build a health and wellness practice that is profitable. Next to helping people, that's why you embarked on the journey in the first place, right? With the right advisors in your corner, you can reveal critical trends and essential strategies specifically tailored to help medical professionals maintain profitability in their practice ownership careers.
- Tax strategy
- Benchmarking data
- Lean processes
Life Beyond Practice Ownership
Sooner or later, you will pack up your office and enjoy the fruits of your labor as a retiree. Are you prepared for this transition? What about your practice? What will happen to your medical practice, your patients, your staff after you decide to retire? And when you do set your retirement date, will you have enough saved to fund the retirement you deserve? As a full-service CPA and business consulting firm, we are proud to be able to provide you with the expertise of dedicated valuation professionals, transaction experts and business consultants who specialize in helping professionals in the healthcare industry.
- Wealth management
- Retirement planning
- Valuations and Transactions
Contact A Healthcare Practice Consultant Today
Learn more about the services we specialize in offering owners of medical practices across Ohio. Contact Alan Hill, CPA, the head of Rea's medical accounting services team.