Today, the prescription for a medical or dental practice requires expert financial services.
GH&I has the experience and qualifications to address the unique financial and accounting needs and concerns of healthcare practice ownership and operations. Among the many disciplines and services that GH&I assists practices are:
- Business plan development
- Establishment of policies and procedures
- Practice assessment
- Key performance indicators
- Contract review
- Billing and collections analysis
- Interim practice administration
- Income allocation and physician compensation
- Practice valuations
- Retirement planning and estate planning
- Merger and acquisition
- Tax, assurance, and accounting services
- Financial advisory services
- Payroll services
GH&I’s health care practice management team includes a registered financial gerontologist (RFG), a certified financial planner (CFP), a certified management accountant (CMA), certified public accountants (CPAs), and those who have obtained their masters of business administration (MBA) and masters in accountancy and taxation. The team applies their broad and multi-specialty experience to startup practices, beginning with assistance in maintenance and growth to exit strategy, in other words, the life cycle of a practice. The focus is to help the client build upon their strengths. They begin by assessing where the medical practice is in their life cycle and determining the next set of skills needed. Startup and younger practices need more resources; and GH&I routinely teams such a client with the resources and consultants suited to that stage of the practice.
Clients
- Assisted living facilities
- Cardiology centers
- Dental practices
- Health maintenance organizations (HMOs)
- Hospitals
- Independent diagnostic facilities
- Medical practices
- Nursing care facilities
- Ophthalmology practices
Inpatient Labs
- Ambulatory surgery centers
- Home health care
- Long term care
- Medical device and equipment companies
- Nonprofits in health care
Memberships
Dan Hillegass, Partner, leads the Health Care Practice Management Group.
http://www.aha.org/