Medical Practice Accounting for Chicago & the North Shore
Healthy financials keep your medical practice moving forward
Your priority is patient care—not paperwork. Our accounting services for medical and dental practices free you from time-consuming financial tasks so you can focus on your patients, your staff, and the growth of your practice.
Accounting That Supports the Way Your Practice Operates
Managing a healthcare practice comes with unique challenges—insurance reimbursement delays, payroll for clinical staff, high equipment costs, and complex overhead. We understand these dynamics and know how to manage the financial side of your practice efficiently and accurately.
Industry Knowledge That Improves Your Practice’s Financial Health
We support a wide range of healthcare providers, including:
- Medical clinics and family practices
- Specialists (cardiology, dermatology, orthopedics, etc.)
- Dental practices: dentists, orthodontists, periodontists, oral surgeons
- Multi-provider practices and group clinics
Key financial challenges we manage:
- Insurance reimbursement cycles and payment lag
- Medicare/Medicaid nuances
- Tracking expenses by provider or department
- Payroll for medical/dental staff
- High-cost equipment depreciation
- Industry benchmarking (overhead %, revenue per provider, etc.)
Our goal: reduce financial stress, increase clarity, and keep your practice running smoothly.
From Bookkeeping to Tax Strategy—All in One Place
Our healthcare-focused accounting services include:
- Accurate medical/dental bookkeeping
- Payroll processing for staff and associates
- Monthly financial statements with key performance metrics
- Cash flow monitoring and budgeting
- Tax planning for doctors and practice owners
- Retirement and compensation planning
- Guidance on equipment purchases and deductions
- Support with practice management and operational improvements
We don’t just balance your books—we help you meet or exceed industry benchmarks and improve profitability.
Specialized Support for Dental Practices
Dental offices face financial challenges beyond typical medical practices. We help with:
- Tracking lab fees and supply costs
- Understanding insurance write-offs
- Monitoring hygiene vs. provider production
- Depreciation planning for high-cost dental equipment
- Managing multiple locations or associates
By understanding the dental business model, we deliver insights that boost efficiency and profitability.
Financial Guidance for Every Stage of Your Practice
As your practice evolves—adding partners, expanding locations, upgrading equipment, or planning for retirement—we provide strategic advice and tax-smart solutions to support your goals.
Our role is to be your long-term financial partner, helping you:
- Prepare for expansion
- Improve cash flow
- Build personal wealth
- Plan for succession or practice sale
You’ll always have a trusted advisor who understands your practice and your profession.
Frequently Asked Questions
Do you help practices analyze insurance reimbursement patterns?
Yes. We can evaluate reimbursement cycles, aging reports, and payer trends to identify cash flow bottlenecks and underperforming revenue streams—essential for practices dealing with delayed or uneven payments.
Can you help determine whether to lease or purchase medical equipment?
We analyze tax deductions, depreciation schedules, Section 179 implications, cash flow impact, and long-term cost comparisons to help you choose the most financially beneficial option.
How do you support practices with multiple providers or locations?
We build reporting that separates income and expenses by provider, department, or location. This helps you understand productivity, allocate costs properly, and make informed decisions about expansion.
Do you work with billing companies or in-house billing teams?
Yes. We collaborate with billing partners to ensure coding accuracy, clean claim submission, and proper reconciliation of EOBs and deposits. Coordinated communication improves both financial and operational accuracy.
How do you help physicians reduce their personal tax burden?
We consider retirement contributions, entity structure, deductible expenses, passive income planning, and compensation strategies that align with both the practice’s profitability and your personal financial goals.
Be a Doctor, Not an Accountant
Let us handle the financial side of your practice so you can focus on delivering excellent care.
