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Today's physicians face the challenge of
maintaining financial viability in the face of new requirements
from hospitals, health insurance companies and managed care,
as well as increases in malpractice insurance costs. Reimbursements
are stagnant or declining, compliance issues are increasing,
quota demands are paramount - physicians are finding they
must operate their practices like a business in order to survive.
Our firm understands the pressures that can distract you from
your patients, and they bring their industry expertise to
the table to help you get back to practicing medicine.
Sirchia & Cuomo, LLP physician services offer experience
in a variety of settings from single specialty practices to
multiple group practices.
As a result, we have the understanding
and expertise to assist our clients with a wide range of financial,
operational, strategic and technology issues.
Finance and operations
- Audit, accounting and tax; reviews and
compilations
- Monthly write-up services
- Practice valuations
- Financial planning and risk analysis
- Compensation and benefits design
- Retirement plan design and wealth planning
- Buy/sell and deferred compensation
- Benchmarking operations and financial
results
- Business office review
- Revenue cycle enhancement
- Fee schedule analysis
- Practice start-up assistance
- Interim management and turnaround services
Strategy
- Strategic planning and positioning
- Practice governance
- Mergers and acquisitions
- Market analysis
- New venture analysis
Technology
- Technology planning
- Technology/communications infrastructure
design
- Medical billing systems
Attending local and regional medical conferences,
networking with other professionals in our field, and active
participation with many physician clients are ways our team
maintains the expertise necessary to assist you. Our firm
newsletter offers important tips for the medical professionals
regardless of the size of your organization. Prior to year-end,
our professionals meet with each practice to develop a year-end
strategy and provide recommendations regarding operations
and tax savings tips, ensuring there are no surprises when
the final compliance measures have been completed. Join other
successful practices that use our accounting professionals
to help keep your bottom line healthy.
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