Medical Practice Consulting Services
Our CPAs and advisors understand your industry, business, and financial goals.
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Each year DMJPS Healthcare Consulting Team releases key insights into North Carolina Medical Practice Communities.
Medical Practice Accountants
Find a new level of efficiency with medical practice consulting. DMJPS’ experienced medical practice accounting consultants and advisory team offers tailored analysis and actionable advice to help better manage personnel, revenue cycles, and the patient experience. Every practice is different and faces its own unique struggles, often resulting in lost revenue and valuable time.
DMJPS’ experienced medical practice consultants will provide you with the guidance you need from practice formation to succession so that you can spend less time managing your practice and more on treating your patients.
Services That Work For You
Medical practice consulting is not a one-size-fits-all process. With different specialties, service areas, and operational structures, every medical practice has unique needs. Our medical practice accountants will work closely with you to understand the challenges facing your organization and how to best tackle those challenges head-on. Combined with our tax planning experience, DMJPS’ healthcare advisory team is uniquely positioned to apply a multidisciplinary approach that offers you insight into every facet of your operations. We are one of the few firms with this depth of experience.
Medical Practice Accounting Reviews
Our goal is to enhance staff efficiency and practice profitability when working with you and your practice in the following areas:
- Accounts Receivable System
- Cash Control Procedures
- Billing and Collection Procedures
- Personnel Policies
- Insurance Reimbursement
- Issuance and Reports with Appropriate Recommendations
- Assistance in Implementing Recommended Changes
- Managed Care Contracting and Negotiations
Coding and Reimbursement Services
We work closely with the practices and providers to increase revenue by offering these services:
- Evaluation and Management Coding
- CPT-4 Coding and Documentation Guidelines
- ICD-10-CM Coding for Medical Necessity
- Chart Audits
- Bell Curve Analysis
- Provider Education
Compliance Plans
We can develop and implement your compliance documents for these categories of compliance:
- Medicare Billing and Reimbursement Plan Document (includes Development and Training)
- HIPAA (Health Insurance Portability and Accountability Act)
- OSHA (Occupational Safety and Health Act)
Professional
We provide professional medical practice consulting and advisory in the following areas:
- Compensation Review
- Personnel Development & Management
- New Practice Start-Up
- Fee Schedule Review
- Practice Transition
- Overhead Review
- Practice Surveys
- Practice Valuations
- Information Technology Services
- Retirement Planning
- Financial Planning
- Pro formas
Financial
We provide the following financial services to clients on a monthly basis:
- Financial Compilations
- Bookkeeping Services
- Financial Forecasts and Projections
- Computerized General Ledgers
- Professional Compensation Formulas
- Scheduled Management Meetings
Tax Planning
Our tax department provides medical practice accounting, planning, and compliance in the following areas:
- Tax Preparation for Businesses and Individuals {Income, Estate, Property, Excise and Sales Taxes}
- Planning in All Tax Areas
- Audit Defense in All Tax Areas
- Tax Research
- Business Valuations
Build A Better Practice
Even the most well-run medical practices can benefit from a second set of eyes. Our medical practice consulting and advisory services provide the specialized assistance your leadership needs. Make the choice to establish a well-managed practice for your patients, staff, and bottom line. Contact DMJPS for a complimentary consultation today.
Our offices in Greensboro, Asheville, Boone, Durham, Marion, Sanford, and Wilmington are ready to meet with you in-person or by secure teleconferencing. Discover the benefits of working with a firm that combines specialized knowledge and experience with personalized professional services.
