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Healthcare

In today’s rapidly changing healthcare environment, staying compliant and ensuring quality assurance are more important than ever. However, with your primary focus on patient care, it can be challenging to manage the back-office operations that are crucial to your practice’s success. That’s where we come in—offering expert support to help streamline logistics, so you can concentrate on what you do best.

Whether you’re running a hospital, a private practice, or specializing in fields like dentistry or podiatry, we understand the unique challenges you face. Our experience spans across various healthcare sectors, including those relying on cutting-edge scientific advances or holistic approaches. We’re equipped to handle the operational aspects of your practice, allowing you to dedicate your time and energy to patient care.

From traditional medical practices to those offering alternative therapies, and even veterinary services where patients have paws and tails, we’ve seen it all. Our comprehensive support is tailored to your specific needs, ensuring that your back-office operations run smoothly. By letting us manage the logistics, you can focus on fulfilling your calling to care for your patients, confident that the other crucial components of your practice are in expert hands.

Healthcare-Specific Services

HBL offers specialized healthcare-specific services designed to support the unique needs of medical professionals, ensuring your practice runs smoothly while you focus on patient care.

Accounting & Bookkeeping Services

On a per-location & company-wide basis, with reporting controls and administrators on a daily, weekly, monthly, or quarterly basis, flash reporting available.

Revenue Cycle Management

Optimizing the financial processes of patient care, from appointment scheduling to final payment, ensuring efficient billing, coding, and claims management to enhance cash flow and reduce revenue losses.

Contracting & Compensation Modeling

Ensuring physician and staff compensation structures are compliant, competitive, and aligned with regulatory standards, while supporting the organization’s financial goals and patient care objectives.

Tax Strategy

Optimizing tax efficiency through careful planning of deductions, credits, and compliance with healthcare-specific tax regulations, ultimately reducing tax liabilities and enhancing the hospital's financial health.

Tax Advisory Services & Tax Preparation

Specialized guidance on minimizing tax liabilities and ensuring compliance with complex healthcare tax laws, while accurately preparing and filing tax returns to optimize the hospital's financial outcomes.

Succession Planning

Strategically preparing for leadership transitions by identifying and developing future leaders, ensuring continuity of care, and maintaining the hospital’s stability and mission over the long term.

Pension and Profit-Sharing planning

Designing and managing retirement and profit-sharing plans that attract and retain top talent, while ensuring compliance with healthcare regulations and optimizing financial benefits for both the hospital and its employees.

Merger and Acquisition Planning and Review

Analyzing potential deals to ensure they align with strategic goals, evaluating financial and operational impacts, and ensuring compliance with healthcare regulations to achieve a successful and sustainable integration.

Forecasting & Projections

Analyzing historical data and current trends to predict future financial performance, enabling informed decision-making and strategic planning for resource allocation, patient care, and operational growth.

Contract Review

Carefully examining agreements to ensure they are legally sound, financially favorable, and aligned with the hospital's strategic objectives while mitigating potential risks.

Information Technology (IT) Improvements Coordination

Planning and overseeing the implementation of advanced IT systems, enhancing efficiency, data security, and patient care through the seamless integration of new technologies.

Internal control Studies

Assessing and strengthening financial and operational controls to prevent errors and fraud, ensuring compliance with regulations, and enhancing overall organizational effectiveness.

Financial services to fit your individual needs

HBL 360 logo, all white

With HBL 360, you’ll get personalized financial planning, smart budgeting, and insightful analysis that will help your business thrive. It’s your CFO, Controller, Accounting Team and Finance Experts all rolled into one comprehensive solution.

This full-service, full-time solution allows us to lean in, learn more and truly leverage our capabilities. We partner with you and prioritize your finances as a whole - protecting your business and growing your company’s bottom line and profit margin along the way.

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Frequently Asked Questions

How can HBL help healthcare organizations manage their finances and optimize their budgeting processes?

We can assist by developing comprehensive financial management systems, implementing effective budgeting strategies, and providing detailed financial analyses to enhance cost control and improve overall financial performance.

What tax strategies and compliance issues are specific to the healthcare industry that HBL can address?

We offer expertise in navigating complex healthcare tax regulations, optimizing tax credits and deductions, and ensuring compliance with industry-specific requirements to minimize tax liabilities and avoid penalties.

How can HBL assist with financial planning and analysis for mergers, acquisitions, or expansions in the healthcare sector?

We provide crucial support in evaluating financial viability, conducting due diligence, and strategizing integration plans for mergers, acquisitions, or expansions, ensuring these transactions align with the organization’s goals and regulatory standards.

Contact HBL CPAs

Get in touch with us

Have questions about our financial services? Want to set up a free appointment? Ready to get started? Not sure about next steps? No problem. HBL is here to help.

Contact us to learn more about our outsourced CFO services designed to fit any budget and all businesses.

Phone

(520) 886-3181

Email

info@hblcpa.com
HBL 360 logo, all white

Get expertise that will help you boost efficiency, insight to increase profitability, and guidance to grow your business with our comprehensive, collaborative accounting solution.

Learn More
HBL 360 logo, all white

Get expertise that will help you boost efficiency, insight to increase profitability, and guidance to grow your business with our comprehensive, collaborative accounting solution.

Learn More