THE FIRM OF CHOICE FOR PHYSICIAN AND MEDICAL PRACTICES
Managing a successful medical practice involves more than just providing outstanding medical care and responsive patient services. With rising expenses and lower reimbursements, it can be overwhelming for medical professionals to add being a part-time CFO to their job description. MSL can help you make the right decisions to keep your practice performing well operationally and financially. Our job is to help you make more money and keep more of what you earn.
We offer personalized solutions for your practice based on your area of specialty, the size of your practice, and your business and personal goals. Whether your practice is independent or consolidated, our services can be tailored to ensure that you are successful and compliant. We offer a full range of services and have established key strategic, clinical alliances to assist with managing all aspects of your practice.
MSL has been deeply established in the business side of the health care industry for over 40 years. By actively participating in health care associations and keeping abreast of legislative and regulatory changes that affect the health care sector, MSL stays at the forefront of change in the health care industry. We assist medical practices in cost containment, reimbursement, financial and management reporting, compliance, and much more.
SERVICES
Tax Preparation and Defense
Financial Statement Audits and Reviews
Accounts Receivable and Payable Analysis
Profitability Improvement: Income and Expense Analysis and Benchmarking
Revenue Cycle Analysis
Fee Schedule and Reimbursement Analysis
Managed-Care Contracts or Alternative Reimbursement Models
Medical Professionals’ Compensation and Profitability Analysis
Employee Benefits Planning and Implementation
Budget Forecast and Income Projections
Cash Flow and Budgeting Analysis
Strategic Partnering Strategies and Agreements
Property Acquisition and Practice Expansion
Contract Development and Buy Sell Agreements
Tax Planning and Personal Wealth Strategies for Independent Practices
Expert Witness and Litigation Support
Regulatory Audit Defense
NEW PRACTICE SERVICES
Entity Selection (Sole Proprietor, LLC, S Corporation, C Corporation)
Financing Assistance
Lease vs. Buy Considerations
Practice Management System Support
