Healthcare
The health care industry faces constant financial challenges, and to stay afloat, practitioners need the tools and expertise to manage their finances in an ever-changing environment. At Joyce & Company, we have specialists with expertise in dealing with the challenges specific to the health care industry.
Specializing in medical and dental group practices for more than four decades
Our partners have been at the forefront of many significant changes in healthcare. We have guided our clients through the complex issues of managed care, government regulation and intervention, and the business of practice management. Joyce & Company professionals understand that the financial success of a practice is no longer solely dependent upon the skills of the medical or dental professional. We help our clients track revenue, improve cash flow, and enhance profitability—to allow doctors more time to devote to their patients.
Serving a broad base of clients of all sizes, our professionals have developed knowledge in both technical and operational issues. We have a proven track record handling practice mergers and roll-ups, reimbursement and participation decisions, physician and staff compensation arrangements and information systems implementation.
Joyce & Company has worked with home health agencies, physician practices, university and other health care institutions.
Beyond our traditional accounting and consulting services, we can provide:
- Medicare and Medicaid cost report consulting
- Managed care and other contract negotiations and review
- Medical and dental practice acquisition
- Internal control design and review
- Physician compensation design
Services for Group Practices
- Business Advisory Services
- Practice Valuation
- Mergers & Acquisitions
- Buy/Sell Agreements
- Compensation Formulation
- Employee Incentive/Benefit Plan Evaluation and Design
- Practice Expansion Strategies
- Practice Assessment and Benchmarking
- Managed Care Review and Negotiations
- Process Analysis and Cost Efficiency Studies
- Billing Service Analysis
- Budget Development
Few firms, large or small, can provide our range of specialized services required by the medical and dental professionals and their organizations. The services we provide for the health care profession are many, including the following:
- Physician and Dental Practice Assessment
- Income Distribution
- Contract Negotiations
- Practice Succession – Valuation
- Billings and Collections
- Automation
- Compliance: Medicare and Medicaid
- Mergers and Acquisitions/Joint Ventures
- Employee Benefits
- Revenue Enhancement
- Group Practice Evaluation
- Strategic Business Planning
- Business Venture Feasibility Analysis
- New Practice Set-Up
We can help with:
- Monthly, Quarterly and Annual Accounting
- Mergers, Acquisitions, Consolidations and Expansions
- Practice Management
- Retirement Plan Administration
- Compensation and Benefits
- Medical Practice Valuations
- Human Resource Management
- Provider and Practice Profitability Issues
- Buy-ins and Buy-outs
- Personal and Practice Tax Services
- Estate Planning and Wealth Accumulation Strategies
- Practice Taxation Reductions and Credits
- Compliance Programs