Medical Practice Consulting Services

Specialized accounting and consulting for physician-owned and multispecialty medical groups.

Healthcare Financial Expertise

The Business of Patient Care

Every medical practice faces its own operational challenges. Staffing demands, revenue cycle issues, and administrative inefficiencies can cost valuable time and revenue while affecting the patient experience.

DMJPS medical practice accountants and consultants provide tailored analysis and actionable guidance from formation through succession. We help you manage the business side of medicine so you can spend more time caring for patients.

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Advice Shaped Around Your Organization

Medical practice consulting is not a one-size-fits-all service. Specialties, markets, and operational structures vary, so our team works closely with you to understand your organization and address its specific challenges.

By combining medical practice consulting, accounting, and tax planning experience, we provide insight across every facet of your operations. Few firms offer this same breadth of healthcare and financial expertise.

Medical Practice Accounting & Operations Review

We evaluate the systems and procedures that influence efficiency, profitability, and day-to-day performance. Our review includes:

Accounts receivable systems
Cash control procedures
Billing and collection procedures
Personnel policies
Insurance reimbursement
Reports with appropriate recommendations
Assistance implementing recommended changes
Managed care contracting and negotiations

Medical Coding & Reimbursement

We work closely with practices and providers to strengthen documentation, improve coding accuracy, and increase revenue through:

Evaluation and management coding
CPT-4 coding and documentation guidelines
ICD-10-CM coding for medical necessity
Chart audits
Bell curve analysis
Provider education

Healthcare Compliance Plan Development

Our consultants can develop, implement, and provide training for essential healthcare compliance documents, including:

Medicare billing and reimbursement compliance plans
HIPAA compliance
OSHA compliance

Medical Practice Management & Growth Advisory

We provide strategic guidance for ownership, personnel, transitions, and long-term financial planning in the following areas:

Compensation reviews
Personnel development and management
New practice startups
Fee schedule reviews
Practice transitions
Overhead reviews
Practice surveys
Practice valuations
Information technology services
Retirement planning
Financial planning
Pro forma financial statements

Monthly Accounting & Financial Reporting

Our ongoing financial services give owners and leadership timely information for managing the organization. Services include:

Financial compilations
Bookkeeping services
Financial forecasts and projections
Computerized general ledgers
Professional compensation formulas
Scheduled management meetings

Tax Planning & Compliance for Medical Practices

Our tax professionals provide accounting, planning, compliance, and representation services in the following areas:

Business and individual tax preparation, including income, estate, property, excise, and sales taxes
Planning across all tax areas
Audit defense across all tax areas
Tax research
Business valuations

Our People

Partner With DMJPS

Even the most well-run medical practices can benefit from a second set of eyes. Our medical practice consulting and advisory services provide the specialized assistance your leadership needs. Make the choice to establish a well-managed practice for your patients, staff, and bottom line.

Contact DMJPS for a complimentary consultation today. Our offices across North Carolina are ready to meet with you in-person or by secure teleconferencing. Discover the benefits of working with a firm that combines specialized knowledge and experience with personalized professional services.