Health Care

As a health care provider, you are facing more challenges each year: rising health care costs, decreased reimbursements from insurers, and increasingly complex regulations.  All while you're trying to provide the best possible patient care.

At HRH, we're here to help increase your productivity as well as your bottom line. We can work with you to help improve your cash flow and improve your efficiency. We can provide basic accounting services such as bookkeeping and payroll services or we can help you evaluate new technology to determine if it makes good business sense for your practice or organization.

Our health care professionals have also assisted start-up practices as well as those buying, merging, or selling their practices.

The thing we do best is to help you run your business more efficiently, so you can spend more of your time with your patients. We analyze your financials regularly to keep things running smoothly. We can help limit your tax liability by coordinating the tax planning of a business or practice with the tax planning of the medical service providers. We can also help structure pension and profit sharing plans to maximize the tax benefit.

Our services for health care providers include:

• Accounting systems and internal control procedures
• Audits, reviews and compilations
• Billing and collections procedures
• Budgeting and forecasting
• Buying/selling a practice
• Computer hardware and networking services
• Contract negotiations
• Employee benefits
• Establishing a practice
• Estate planning
• Fee structures
• Mergers and acquisitions
• New shareholders/shareholder buy-outs
• Optimization of cash flow
• Partnership agreements
• Strategic planning
• Succession and retirement planning
• Tax planning and compliance
• Valuations