Health care

Healthcare providers are challenged by increasing demands and changing expectations of quality, price and service from regulators, payers and others. Shareholders, management, directors and other stakeholders require timely, relevant and secure information to operate profitably, finance growth, govern effectively and create value all with patient health and safety top of mind. All considered, it’s important that your practice operates smoothly and profitably. This presents a variety of challenges:

Are your billing and collecting practices leaving money on the table?

How do you find qualified staff (especially regarding positions in accounting and billing and collections)?

What steps should you take if you want to merge with another practice or take on a new partner?

For that reason, Jacob K. Farsakh MBA, CPA & Company is the CPA firm of choice for physicians, physician groups, dentists, veterinarians and other health-related organizations. Healthcare industry businesses face many challenges on a day to day basis – which is why Jacob K. Farsakh MBA, CPA & Company offers accounting and bookkeeping services specifically tailored for healthcare professionals.

Our healthcare accounting services are designed to free up time to focus on your patients and reduce expenses by eliminating the need to hire an in-house bookkeeper. Over the years we have helped many healthcare providers with their accounting and tax needs, including doctors, dentists, chiropractors, surgery centers, sleep clinics, and more.

From outsourced accounting to business process improvement, we can help you monitor the vital signs of your business. Because a practice that runs well doesn’t just turn a profit; it helps you better serve your patients, too.

Some of Our Healthcare Accounting Services Include:

  • Accounting and Bookkeeping
  • Tax Preparation and Tax Minimization Planning
  • Practice Valuation Advice
  • Practice Acquisition and Mergers
  • Controls Analysis
  • Practice Management Consulting
  • Cash Flow Management
  • Financial Statement Preparation
  • Budgeting and Financial Projections
  • QuickBooks Training
  • IRS Problem Resolution
  • Retirement Planning
  • Succession Planning
  • We care for the financial needs of all types of doctors and medical professionals including ophthalmologists, plastic surgeons, dermatologists, and many others. When we join your team, we’ll offer the high-quality guidance to lower your taxes, decrease costs, maximize profits, and build your personal wealth. We provide proactive tax planning, effective profit coaching, benchmarking, and a wide variety of other specialized medical practice accounting services.

    In addition to our outsourced accounting services, tax and technology consulting services, we provide healthcare advisory services using seasoned professionals who have hands-on experience delivering exceptional results.

    Find out how Jacob K. Farsakh MBA, CPA & Company can efficiently manage the financial side of your practice while you concentrate on caring for patients. Contact us today at (323) 510-5430 or request a free consultation online now.