Tax planning can be complicated for healthcare organizations thanks to endless tax codes, regulations and stipulations. Hidden among these complexities, however, are also numerous avenues to improve your bottom line while reducing your tax obligations.

All you need is an expert to help you find them.

Selecting the best entity structure for your practice, maximizing business deductions, setting up business acquisitions or sales to minimize the tax consequences… these and other options can help your organization keep more of its hard-earned revenues. A creative tax strategy looks at all of these possibilities and leverages them to your advantage.

Our healthcare CPAs understand not only the ins and outs of general tax strategy, but also the needs of your industry and the resources available to you. We’ll help you with the complex issues you face and devise a solution that works for your practice, your employees and your family.

• Business Tax
• Individual Tax
• State and Local Tax

A key to your practice’s financial foundation is its revenue cycle—the administrative and clinical functions that work together to take in revenue. If this complex network of processes isn’t streamlined, it can result in denied claims and uncollected patient payments.

By reviewing your procedures and fixing gaps and inefficiencies, you can stop the bleeding of lost revenue.

James Moore healthcare CPAs add a new dimension to traditional ac­counting services with Revenue Cycle Enhancement (RCE) services, our process improvement solutions that focus on increasing your practice’s profitability and performance from scheduling to collections. The healthcare CPAs on our RCE team are firmly entrenched in the healthcare industry, so they’re well aware of the challeng­es you face in maintaining and increasing revenues.

We’ll blend your EHR technology with Opera­tional Excellence services to improve your practice’s revenue cycle performance—enhancing your net revenue, reducing costs and increasing overall efficiency and profitability.

• Revenue Cycle Enhancement
• Operational Excellence

Your medical practice is a place of healing, but it’s also a business that supports you and those who work for you. So it’s important to maintain good accounting practices.

Finding qualified people, however, isn’t always easy. It also creates more expenses to bring them onboard, train them and pay their salary and overhead. And if you don’t have the accounting knowledge to review their work, you don’t know whether they’re doing a good job—or worse, you run the risk of fraud.

Our healthcare CPAs at James Moore have worked with clients in your industry from small practices to large institutions. Through this experience and by monitoring the issues and trends in healthcare accounting, we’re in a prime position to serve you.

We can help you in whatever way fits your practice best—in-house solutions, cloud-based accounting software, payroll options, QuickBooks consulting, even entirely outsourced accounting services.

Is something about your practice’s finances keeping you up at night? Maybe you’re concerned about your bank reconciliations, or you’ve noticed documentation missing from some of your files. Perhaps checks are being cut for a vendor you’ve never seen, or multiple checks are going to the same vendor or employee.

Peace of Mind services provide a closer look at select areas of concern without the sweeping examination of an audit, compilation or review. We’ll monitor the areas you request, place checks and balances on your processes, and focus on your needs and the aspects most susceptible to fraud or error.

As healthcare CPAs, we know even the most subtle red flags that can signal an issue in your accounting. By putting our experience to work in finding them, you can have peace of mind over your concerns and develop solid financial practices in your practice.

• Agreed-Upon Procedures

The complexity of practice operations—especially those with multiple locations—means that you have some unique HR concerns. How do you find qualified employees? What is the best way to enforce office policies? How do you meet the requirements of the ACA? How do you compensate practitioners who travel to treat patients or work at other offices?  Can you provide a retirement plan for your staff?

Many practices are turning to outsourced human resources service providers to address these issues. From hiring and retaining employees to developing practice policies, external HR consulting can help you with these and other issues.

Our HR Solutions team brings decades of combined human resources experience to the table. And our partnerships with HKP and HKFS, affiliated national workforce and financial services companies, put even more knowledge of human resources, retirement plans, payroll and more to work for you.

Your IT network is the backbone of your practice’s operations. It helps you manage appointments and patient files, perform coding and billing functions and keep electronic personal health information (ePHI) safe and secure.

A sound and reliable network needs a technology provider who can keep it running reliably and maintain compliance with strict HIPAA regulations on patient data privacy.

Our Technology Solutions Consulting department helps medical practices, hospitals and healthcare-related nonprofits with everything from routine troubleshooting and maintenance to long-term technology planning. As a Microsoft Gold Certified Partner, we keep up with the latest knowledge and techniques to make sure your network is operating optimally and protected from threats.

Whatever your needs, our team is ready to keep you connected and secure.

Managing investments, retirement and taxes can be so confusing and overwhelming that some people choose to just not think about it. That might be easier in the short term, but it won’t get you any closer to meeting your financial goals.

The best way to promote a healthy financial future for you is to work with an advisor who understands the treatment for it.

Our healthcare CPAs understand not only your industry, but your goals as well. From advising you on your personal portfolio to helping you obtain buy-sell insurance for the sale of your practice, we have the accounting knowledge to make those goals a reality.

We also partner with HK Financial Services, a national wealth management company that specializes in jointly serving accounting firm clients. Together, we provide the experience, knowledge and connections you need to make sense of the details and achieve your financial dreams.

• Retirement Planning
• Asset Management
• Risk Management & Insurance
• Financial Planning (Financial GPS)

Despite fevered debate and numerous legislative efforts, the Affordable Care Act (ACA) is still in effect. Under this law, employers with 50 or more full-time employees are subject to penalties if they don’t provide these workers with adequate health insurance.

So you might initially think that you must provide full-scale health insurance policies to your full time employees. However, there may be better options to provide quality coverage to your staff.

Our team can assess the impact of the employer-shared responsibility rules and suggest a variety of solutions for employer-provided health benefits. We can help you determine whether you fall under ACA requirements, review staffing structure to see how it impacts qualification, evaluate affordable coverage options, and help you better understand the requirements of the ACA.