Medical Doctor Practice
HELPING YOUR
PRACTICE
THRIVE
This is what our Medical Doctor Practice Group is all about.
The medical industry is undergoing sweeping changes due to the numerous
Federal and State requirements under the American Recovery and
Reinvestment Act of 2009 (ARRA), the HITECH Rule; the Patient Protection and
Affordable Care Act (PPACA), and the U.S. Sentencing Commission
amendments. These rules have further funded the efforts of government
regulators to reduce the potential of fraud and abuse in the healthcare sector
and the loss of patient information.
No one who participates in the Medicare and Medicaid programs are exempt
from these regulations. Even Managed Care organizations are auditing for
misappropriations and billing errors.
With these and many other issues that are ever mounting on physician practices,
it is more important than ever to have a firm that can provide the assistance and
go to knowledge of healthcare operations which can make having a practice less
stressful.
We provide the necessary practice efficiency, accuracy, and support to ensure
that the practice remains healthy in the eyes of the reviewer. Our Medical
Practice Group offers numerous services from the basic accounting and tax to
healthcare operations review.
For the Doctors:
- Maximization of tax benefits
- Consulting in connection with ownership changes
- Family wealth preservation
- Mergers and acquisitions consulting/due diligence
For the CFO
- Ensuring billing accuracy when dealing with multiple reimbursement systems
- Complying with new pay-for-performance reimbursement plans.
- Setting up and maintaining accounting systems
- Cash flow management
- Implementation of budgets
- Mergers and acquisitions consulting/due diligence
- HR Technology Services
- HR Benefits Consulting
For the CEO
- Improving practice efficiency
- Practice reviews in connection with rules of ARRA, HIPAA, HITECH, PPACA, etc.
You specialize in healing your patients. Let us diagnose the financial solution that best works for your practice.
Neil Geschwind, CPA
Partner in Charge
Medical Doctor Practice Group
Tel. 631.719.3310
NGeschwind@hrrllp.com
