Approach your practice management with a fresh perspective

Healthcare Practices

Your professional success as a healthcare provider has led you to own a practice or group of practices. Often highly successful practitioners become Owners, Presidents, or CEOs of what is essentially a small – or large – business. But perhaps your strongest interests and talents lie in applying your medical expertise to help patients, whether it is internal medicine, a medical specialty, veterinary medicine, dentistry, or chiropractics.

You have likely found that running the practice goes more smoothly – and very profitable – when you engage the right advisors, seek outside expert counsel, and allow some tasks to be managed by specialized professionals. Clark Schaefer Hackett has a suite of services that were created specifically for the owners and managers of healthcare practices. Whether you need expert counsel to minimize your tax burden, design and administer a retirement plan, or handle your bookkeeping and payroll, we offer a personalized service that fits your situation.

  • Tax Services

    Corporate or Partnership – Clark Schaefer Hackett’s tax practice is a powerful resource for businesses seeking to enhance after-tax returns and eliminate tax issues. A myriad of tax consulting services, tax controversy assistance, and compliance services are available to you.Personal – When working with the physicians and owners of your practice, we won’t stop at providing traditional income tax preparation and planning services. We’ll ask you about your goals and help develop your plans to achieve them. At every stage of life, and for every decision you face, there is a best course of action to protect your wealth. The tax consequences of your life decisions should be proactively discussed …

  • Small Business Solutions

    We let you focus on your practice and your patients rather than accounts payable, accounts receivable, bank reconciliations, bookkeeping, cash flow management, and payroll. The firm will offer your business a dedicated professional who specializes in small to mid-size business to handle any or all aspects of your accounting for you. Learn about our Payroll Solutions and our Outsource Accounting services …

  • Assurance

    If an audit is required for your practice, look no further than Clark Schaefer Hackett. In addition to compliance, audits are an opportunity to utilize information to improve your organization. We will field a team with knowledge of your industry, its issues, trends and benchmarks – not just audit generalists – in order to add perspective on how your practice operates within your peer group …

  • Qualified Plan Administration and Consulting

    CSH’s Qualified Plan Administration and Consulting (QPAC) group designs and administers custom retirement plans geared to each client’s situation. You may be surprised to learn that an affordable retirement benefit can be designed for your business, offering you a tool for employee recruitment and retention, as well as owner and executive wealth protection …

  • Business Valuations

    We offer a practical solution to the question: “How much is my practice worth?” CSH is dedicated to serving your needs with regard to estate and succession planning, mergers and acquisitions, valuation of intangible assets and litigation support …

  • Fraud Examination and Forensic Accounting

    The strained economy has led to an increase in fraud at the same time that practices are strained to invest in their internal controls. Fraud and corruption are facts of business life – even in healthcare practices where your staff feels like a family. Our specialists include Certified Fraud Examiners (CFE) and those Certified in Financial Forensics (CFF) who combine the skills of a private investigator with the business acumen of an accountant …

Healthcare Consulting

We service physicians in seven states on a regular basis, conducting several operational turnarounds per year with physician groups, while improving the operations of those medical groups. In addition, we have management tools that support administrators/office managers.

But, vital to us, we believe trust is the most important virtue with our clients. Our Healthcare Team is dedicated to our clients, while focusing solely on their industry.

In addition to a quality audit, Clark Schaefer Hackett brings tangible benefits to our clients:

Support services include:

  • Revenue & Expense Management Programs
  • Recruiting for Group Administrators
  • Benchmarking
  • A/R Management & Coding Reviews
  • Physician Compensation Programs
  • Valuations
  • Fair Market Analysis on Compensation
  • Equipment/Inventory Program
  • Communications Program
  • Financial Controls
  • Fee Schedule Analysis
  • Documentation & Coding Education Programs
  • Billing & Collection Program
  • Physician Retention Programs
  • Payor Contracting Negotiating
  • Employee Benefit Design Program
  • Personnel/HR Program
  • EMR Reviews & Coordination
  • Employee Hiring Program
  • Compliance Programs
  • Management Systems
  • Revenue & Expense Projections/Line of Credit
  • Incorporation/Licensure Program/Credentialing Program
  • Office Location Analysis/Program
  • FQHC & RHC Operational Review
  • Billing System/Practice System Analysis Program
  • Partnership Analysis/Group Merger Coordination
  • Physician Recruiting Training
  • Medical Office Hiring Systems
  • Business Advisor to Medical Groups

On-going Services Include:

Monthly on-site conducting the following:

  • Operational Assessments
  • Benchmarking the Medical Group
  • Training of Staff & Providing Necessary Policies & Procedures

Enhanced management tools that include the following:

  • Coding & A/R Assessment & Training
  • Operational Assessment & Training
  • Hiring/Retention Assessment & Training
  • HR Review Assessment & Training
  • Financial Controls Assessment & Training\
  • Quality Assessment & Training
  • Compliance Assessment & Training

Action Plans / Goals Include:

  • Benchmarks/Quantitative Goals
  • Assessment Summaries (Action Plans)

Education Program Include:

  • Access to all our working files as outlined for education/use in offices
  • Education/training program for the staff
  • Education program on benchmarks/financial indicators

Impact of Service Program:

  • Medical groups have the tools and support needed to increase patient care quality and cash flow.
  • Over time, the medical group usually operates in the 75th to 90th percentile of best practices by MGMA standards.

Healthcare Guidance

At CSH, we’re not just accountants; we’re leaders, authors, speakers and association members. Our professionals have deep healthcare expertise, and share their insights for the good of our clients and the industries we serve.

How Can We Help You?

With a vast array of solutions to meet the needs of growing businesses, individuals and families, the question isn’t if we can help but how.

Healthcare Team

We offer best-in-class technical expertise and services, but it’s the quality of our professionals that set us apart. At CSH, relationships matter, and we believe creating supportive, helpful, working relationships is perhaps the most valuable talent we offer. How can we support you? Contact one of our team members below or explore our searchable page of all firm professionals.