Physician practices are facing increasing challenges to maintain profits in a time of decreasing reimbursement rates and increasing operating costs. Increased government regulations have put additional pressure on physicians and practice managers to do more with less. Moreover, the need for technology investment has never been greater. These are some of the financial challenges facing today’s healthcare providers.
Yes, these can be problems. But they can also be opportunities. Mitchell Wiggins can assist your medical practice in improving financial and administrative operations. You can rely on us to assist you in the management of the financial aspects of your practice. This will allow you to focus on what you want to do most, practice medicine. We believe in becoming actively involved in the operations of your practice by taking a proactive approach in helping you increase practice profitability.
SERVICES WE OFFER TO ASSIST IN MAXIMIZING YOUR PROFITABILITY INCLUDE:
- Benchmarking financial data with industry norms
- Operating expense analysis and cost containment
- Review of compensation plans
- Assisting with year-end bonus calculations
- Overhead allocations
- Budgeting and forecasting
- Calculating physician buy-ins and buy-outs
- Valuation of medical practices
- Lease/purchase calculations
- Internal control reviews, IT and internal control audits
In addition to our own financial and healthcare knowledge and expertise, we also afford you access to healthcare industry knowledge on a national scale through our membership in CPAmerica International.
We deliver client-centered results so you can deliver patient-centered care.