Healthcare

Services for Healthcare Companies

Audit & Attestation

  • Preparation of Financial Statements
  • Consultation on new lease accounting requirements
  • Employee Benefit Plan (401k) Audits

Tax Planning & Compliance

  • Personal Tax Planning and Preparation
  • Corporate and Partnership Tax Planning and Preparation
  • Estate and Gift Planning
  • State and Local Tax (SALT)

Business Advisory

  • Assistance in Establishing New Practices
  • Business Entity Selection
  • Outsourced Accounting Services
  • Practice Valuations
  • Business Advisory Services, Including Internal Controls Analysis, Insurance and Medicare Claims Auditing
  • Acquisition & Divestiture Advisory

How We Can Assist with Current Healthcare Accounting & Tax Issues

New Lease Accounting Regulations

These new lease accounting regulations could have impact on bank loan covenants as they might change the borrowing base for many loans essential to medical practices.

How to prepare: Briggs & Veselka is already working with doctors, practice administrators, (and their banks to advise them on the possible implications of these new accounting regulations to help them prepare possible revisions to existing covenants and as guidance for future loan agreements. For more information contact Kevin Lovins at klovins@bvccpa.com.

Cost Management for Internal Financial Functions

Patient billing, month-end closings, and reports for lenders can place burdens on your existing finance and accounting staff and impede the cash flow of your practice.

How to prepare: Briggs & Veselka’s Outsourced Accounting Services gives you budget flexibility and control when you require interim support of full back office accounting functions. For more information contact Terry Sherrill at tsherrill@bvccpa.com.

Recovery from Vendors

Oftentimes actual contract delivery and performance varies from the terms of a supplier contract, causing hidden losses for a medical practice; in our experience, few practices even attempt to reconcile contract non-delivery or underperformance.

How to prepare: Briggs & Veselka professionals can perform audits of actual vs. contracted performance and, depending on the terms of the contract, find cash recoveries for your practice. We can proactively examine current contract structure from a performance standpoint to advise you on how to create opportunities for recovery in future contracts. For more information contact Kevin Lovins at klovins@bvccpa.com.

Kevin_Lovins

Kevin Lovins

Tax Shareholder, CPA 
klovins@bvccpa.com
713-353-1914
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TERRY_SHERILL

Terry Sherrill

Business Advisory Shareholder, CPA 
tsherrill@bvccpa.com
713-353-1998

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XIN_XIN

Xin Xin

Tax Shareholder, CPA
xxin@bvccpa.com
713-366-8501
BIO VCARDLINKEDIN

Fast Facts

  • One of our practice leaders is a CPA and former surgeon providing insights from a unique finance and operations perspective
  • Integrated approach to audit, tax, and business operations provides seamless service to address complex issues of running an individual practice or multi-location clinics
  • Tax planning takes a more holistic approach, as the entity structure and tax planning measures can have both personal and corporate tax liabilities
  • Unique services such as outsourced accounting and controllership provides sophisticated services to growing medical, dental, and veterinary practices without overhead burdens