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Accounting for Medical Practices

Specialist Accounting, Tax and Business Advisory services for Private Business Owners operating in the medical industry.

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Experience financial progress

Medical practitioners face distinct challenges in their industry, including managing patient care, adapting to aging and expanding populations, expensive medical technologies, and handling billing and administrative tasks. 
 

Our integrated approach to accounting in the medical industry covers your business and personal finances. Through the Kelly+Partners Financial Progress System™, your Client Director will put together a team of CPAs who can assist you with growing your practice.

 

Practice Management:

Efficient practice management is key to optimizing your medical practice's financial and operational health. Our team of CPAs can streamline your processes, manage cash flow, and ensure compliance with industry regulations, all while reducing overhead costs and improving profitability. This allows you to focus on what matters most—patient care—while our expert financial oversight helps maintain your practice's growth and safeguard its long-term financial future.

Tax Planning & Prep

Keep more of what you earn with smart tax planning tailored for medical professionals. Maximize deductions, take advantage of incentives, and stay compliant with ever-changing tax laws.
Tax Planning & Prep

Profitability Analysis

Gain a clear understanding of your practice’s financial health with expert profitability analysis. Identify opportunities to cut costs, boost revenue, and improve cash flow, so you can run a more efficient and profitable practice. 
Profitability Analysis

Structuring

Set your medical practice up for success with the right structure. Maximize tax savings, protect assets, and improve efficiency to minimize risk and drive long-term growth—whether you're starting fresh or optimizing an existing practice.
Structuring

Cash Flow Management

Effective cash flow management is crucial for the financial health and growth of your medical practice. Optimizing cash flow, boosting profitability, and reducing financial stress helps you make informed decisions for long-term success.
Cash Flow Management

Bookkeeping & Payroll

Payroll, accounts payable, and collections are managed to keep finances organized and up to date. Regular reports and insights allow you to focus on patient care while ensuring your practice runs efficiently.

Bookkeeping & Payroll

Loan & Financing Support

Expert guidance on securing loans and financing ensures favorable terms and effective financial risk management. From accurate documentation to tax-efficient loan structuring, financing is integrated into your long-term strategy to support growth and financial health.

Loan & Financing Support

Buying or Selling a Practice:

Buying or selling a medical practice involves complex financial and legal considerations, and our team of CPAs provides essential guidance to ensure the process is smooth and financially sound. With expertise in valuation, tax implications, and negotiation, we help optimize the transaction by ensuring fair pricing, minimizing tax liabilities, and protecting the financial interests of both buyers and sellers.

Practice Valuations

Get a clear picture of your medical practice’s worth, so you can make key decisions like buying, selling your practice with confidence. By analyzing assets, cash flow, and market trends, a professional valuation ensures you’re not overpricing or underpricing. It also supports strategic planning, investment choices, and securing financing.
Practice Valuations

Succession Planning

Make the transition of ownership smooth and secure for your practice’s future. We'll help you find the right successor, tackle tax and financial details, and plan for retirement and asset distribution. By looking at cash flow, debt, and the overall value of your practice, we ensure long-term stability, minimize conflicts, and set up a strong foundation for both you and your successor.

Succession Planning

Start-Ups & Acquisitions

Starting or acquiring a medical practice? Kelly+Partners can help you ensure it’s financially sound and aligned with your goals. For startups, we assist with planning, financing, and compliance. For acquisitions, we assess value, manage risks, and structure deals for maximum benefit. Our services help minimize risks and set your practice up for long-term success.

Start-Ups & Acquisitions

Selling Your Practice

Kelly+Partners can help determine your practice’s true value, minimize tax liabilities, and maximize proceeds. From negotiating terms to preparing documents and addressing obligations, our support helps you sell on your terms and secure your financial future.

Selling Your Practice

Book a discovery meeting

Book a call with one of our experienced accountants to discuss the needs of your medical business.

Get Started

Speak to one of our medical industry specialists.

Book a call

Hear from our clients

A Video Of Dr. Simi Chanda

General Practitioner | Medical

"Kelly+Partners has allowed me to focus on my career and personal life because I feel comfortable and secure."

General Practitioner | Medical
A Video Of Dr. Jason Sharp

Cardiologist | Medical

"One stark contrast between Kelly+Partners and other accounting firms is that there is a lot of integrity in the organisation."

Cardiologist | Medical
A Video Of Dr. Ross Glasson

Radiologist | Medical

"Kelly+Partners has helped my business by always being there. When I've had a question, I've been able to pick up the phone and get an answer."

Radiologist | Medical

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Take control of your financial universe

Achieve your personal and business goals by turning to Kelly+Partners Accountants today.

Contact Us (888) 962-3883
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