Medical Practice Accounting and Bookkeeping for Private Practices

A medical practice accountant manages a practice's bookkeeping, payroll and taxes, and advises on profitability. That includes reconciling insurance and patient revenue, keeping payroll ratios in check and planning taxes for both the practice and its owner.

It depends on the scope of work and how complex your practice's finances are. A solo practice that needs monthly bookkeeping and tax returns costs less than a multi-location group that also needs payroll and fractional CFO support. After a free consultation, we put together a few package options at different fee levels so you can choose what fits. Personal and business tax returns are included in every package.

A healthcare CPA works mostly with medical practices, so they already know the budget benchmarks, payroll ratios, billing cycles, and deductions that are specific to medicine. A general CPA serves many industries and usually focuses on filing accurate returns. The difference shows up in planning: a healthcare CPA can tell you when your overhead or staffing costs are out of line for a practice your size, not just what you owe.

Yes. We are Brooklyn-based, but most of our client work happens virtually through secure portals, so in-person meetings aren't required. We serve practices throughout New York City and New Jersey, and practices outside the area work with us too.

For most small practices, yes. Bookkeeping and payroll are time-consuming, and errors in either can lead to tax problems or unhappy staff. Outsourcing them gets you accurate monthly books, on-time payroll and regular reports on the practice's financial health, without pulling you or your front-desk team away from patients.