Financial Planning
Focus on Patients, Not Numbers
You didn’t go to dental school to be an accountant or bookkeeper. Let our accounting professionals help keep your numbers in line. We have several teams dedicated to this are:
The management and information team (MIS) is responsible for all accounting responsibilities. They prepare and provide financial reports to the offices and field administration. This includes monthly and quarterly financial statements, monthly and quarterly bonus calculations, daily tracking forms and Measurement and Performance Systems (MAPS). They also handle cash management, which includes but is not limited to, setting up and maintaining the bank accounts, credit cards and financing companies for all supported offices.
Dental Accounting Services
- General Ledger Accounting
- Bookkeeping – We provide installation, training and support. We provide an organized and efficient way to record the daily financial events of your practice. Help in streamlining payroll processing and transmission of your information to our staff. Enhance internal control measures.
- Accounts receivables
- Accounts payable
- Cash flow and Dental Office Management Budgeting Analysis
- Dental Practice Valuations
- Insurance and Receivables – Insurance/Fee Schedules
- Review your expenses, followed with a summary and action plan on reducing your overhead
- Locating revenue opportunities that can be captured.
- Insurance processing
- Meaningful Financial Reporting – All reports are customized to meet your needs.Income and expenses can be determined for each provider or practice area by direct allocation or by using production, revenue or expense based allocations
- Tax Planning and Return Preparation Services – Experienced tax professionals provide ideas and strategies to save you money and make tax projections that allow you to plan ahead
- Dental Practice Valuation – We look at the value of the practice from a number of perspectives and calculate the value in several ways, each of which is valid and according to normal accounting standards. We then take a blend of these various methodologies to determine our final dental practice valuation.