Healthcare

Healthcare

What's your next step?

One of the notable events from 2012 was the Supreme Court’s opinion concerning the constitutionality of the Patient Protection and Affordable Healthcare Act (PPACA). Addressing both coverage options and associated tools focused on improving individual’s health, PPACA left many professionals involved in the healthcare industry uncertain about what the future holds. The emergence of Accountable Care Organizations has increased challenges for single practitioners while day-to-day struggles associated with finding qualified staff, software implementation, and training needs continue to challenge all practitioners.

Some practitioners have decided to retire. Others are determining the best option is to partner with a professional to help them face new practice business models. The professionals with James Moore’s Healthcare Team are poised to provide you and your practice with the hands-on care you need. Services provided can include:

Audit & Assurance
Tax Consultation & Compliance
IT Solutions: Accounting Software, Network Managed Services
* Compensation Methods
* Estate Planning and Gifting
* Group Practice Formation (mergers, acquisitions, business reporting selection)
* Revenue Optimization
* Expense Reduction
* Benchmarking & Productivity
* Operating Procedures & Internal Control
Lean/Six Sigma
* Overhead Allocation
* Litigation Consulting, Forensic Accounting and Expert Witness
Business Valuation
* Executive Tax Services
* Peace of Mind Agreed Upon Procedures

Our prescription for our success is in understanding your needs. We have done this through interviewing individuals involved in the healthcare industry, while capitalizing on our involvement in healthcare associations. One of our firm’s affiliations includes our membership with the  Medical Group Management Association (MGMA), which has provided us additional insight in to the needs of practice management. Our membership with the National CPA  Health Care Advisors Association (HCAA)  has allowed us access to a nationwide network of CPA firms devoted to serving the health care industry. Members are selected for their experience and ability to provide proactive solutions to the accounting needs of physicians and physician groups, while our membership with the Healthcare Financial Management Association (HFMA) allows us to learn the top trends and issues facing healthcare finance. We are also proud supporters of the local medical societies.

Affordable Care Act Resources for Businesses and Individuals

The Affordable Care Act (ACA) requires large employers to offer health insurance to their full time employees.  But, they can’t just offer any insurance; they must offer affordable insurance that meets the minimum value requirements.  So how do businesses determine what’s affordable?  How do individuals learn about important tax considerations under the ACA?  Most importantly, how can you make sure you aren’t penalized for non-compliance?

We’ve heard your requests for information and listened to your concerns regarding penalties and taxes. We have responded by creating an article series that highlights the information relevant to you and your business.  View our Health Care Implementation Resources.

Your focus should be on serving your patients. Contact us to learn more about how the professionals at James Moore help keep an accounting pulse on your practice.