OPERATE MORE EFFICIENTLY

Hospital-based physician groups, including emergency medicine and radiology, rely on our Healthcare Team to serve as their full-time administrative staff — from CFO to human resources to marketing. We manage the financial, operational and organizational needs of your practice so you can focus on what matters most: your patients and their well-being.

As your administrative staff, we:

  • Meet with outside billing companies on a monthly basis to review billing reports
  • Pay accounts payable bills from vendors
  • Review physician CME and other expense reimbursements to ensure tax and policy compliance
  • Process payroll
  • Manage and monitor fringe benefit plans
  • Perform all bookkeeping functions, including general ledger preparation, trial balance preparation, bank reconciliations, cash flow maintenance, etc.
  • Prepare for and attend quarterly partner meetings, including actual-to-budget and other financial reports
  • Prepare and monitor budgets
  • Budget negotiations with hospital
  • Maintain personnel files
  • Review managed care contracts
  • Review and negotiate financial clauses in hospital contracts
  • Prepare offer letters, provide aid with employment contracts and assist with recruitment
  • Prepare compiled financial statements
  • Conduct tax planning for fiscal year end
  • Coordinate filing of Form 5500 for retirement plans each year
  • Prepare federal and state corporate income tax returns
  • Prepare annual report for Massachusetts
  • Review quarterly payroll returns
  • Prepare annual Massachusetts use tax returns
  • Prepare quarterly income tax projections for partners and communication with their independent accounts regarding same.

To learn more about how we can help, contact Chris Swain at 617-227-6161.