Health Care

Running a successful healthcare practice requires planning and hard work along with diligent attention to the bottom line. With an industry-specific skill set, Trinity Accounting Group offers a full range of services and programs designed to help both healthcare practices and providers thrive.

Medical Practice Services

  • Assessment of office structure, workflow and internal controls: Proper organizational structure improves the efficiency of staff, keeps key employees from being overworked, identifies underused staff, and protects both assets and information from theft or misuse.
  • Compensation review, bonus package evaluation and implementation for owners and providers: Effective distribution of earnings and profits rewards contributions to the practice and minimizes related tax liability.
  • Entity organization: Assessment for optimal control, minimal liability exposure, and maximization of tax benefits for the practice
  • Transfer of interest in healthcare practices for both buyers and sellers of medical practices: Assistance with negotiation, valuation, tax consequences and contract development
  • Improving financial feedback through benchmarking and budgeting
  • Preparation of audited and reviewed financial statements for regulatory or lending entities
  • Implementation of best accounting practices in the medical business office through controls audit and procedures manuals
  • Analysis of capital expenditures and debt financing
  • Tax advice, planning, and compliance regarding common issues faced by healthcare practices and providers

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