For more information regarding our Medical Practice Services:
Contact:
E. Jeffreys Love, CPA
Email: jlove@mwcpa.com
804/282.6000
Mr. Love has been recognized by Virginia Business Magazine and the Virginia Socity of CPAs as a "Super CPA". in the area of tax and business accounting.
He is a member of Healthcare Financial Management Association and Medical Group Management Association
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Practice Management Reviews
- Accounts receivable system
- Cash control procedures
- Billing and collection procedures
- Personnel policies
- Insurance reimbursement
- Issuance of reports with appropriate recommendations
- Assistance in implementing recommended changes
Practice Acquisition/Growth
- New practice start-up support
- Assistance in evaluating and coordinating mergers/acquisitions
- Practice valuations
- Proforma preparation
- Evaluation of practice growth through partner expansion.
- Evaluation of Ancillary Services
Managed Care Plans
- Review of managed care plans and recommendations on each individual plan.
- How to make the most out of managed care plans for your practice.
Financial And
Tax Planning
- Business tax planning
- Budgeting and financial forecasting
- Tax shelter and investment analysis - Personal financial planning and estate analysis.
Fees
- Assistance in compiling a fee schedule for new practices
- Reviewing current fee structures and assistance in revision
- Fee negotiations
Accounts Receivable Management
- Review of current billing, collection and internal monitoring systems
- Payor source analysis
Physician Compensation Plans
- Assistance in discerning and developing compensation plans
- Evaluation and critiquing of existing plans.
Accounting And Tax
- Bookkeeping
- Financial statement preparation
- Special financial analysis
- Federal, state and local tax preparation
- Representation before the Internal Revenue Service
- Development of tax planning strategies to take full benefit of current tax laws.
Other Services
- Accounting system design to provide adequate controls and safeguard assets
- Strategic business planning consultation
- Facilitation of business planning retreats
- Assistance writing office policy and procedure manuals
- Assistance in hiring of key administrative personnel
- Consulting in the admission and/or exit of partners, including buy-sell and employment agreements.
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