Effective Healthcare Accounting Services for Better Cash Flow

Solution Driven Healthcare Accounting to Keep Financial Operations Healthy

The healthcare industry is in a constant state of flux, with increasing demands for compliance, even within the realm of private practice. A comprehensive understanding of cash inflows and outflows, current financial standings, and operational liquidity is critical to sustaining medical facilities, compensating staff, and procuring essential supplies. Moreover, compliance with governmental provisions, tax settlements, and audit participation form the crux of healthcare accounting. At Pacific Global Solutions, our adept team of healthcare accountants doesn't just react to these changes, but proactively navigates them. We have a proven track record of delivering reliable support to physicians, dentists, and care homes, demonstrating profound expertise and acumen in devising optimal strategies. Offering proficient accountancy and tax services alongside astute business management, we stand ready to guide the sector through its inevitable upheavals.

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Healthcare Accounting Services that Add Value to Your Practice

We boast a team of highly experienced professionals who are attentive, empathetic, and capable of offering effective solutions to assist your healthcare business in overcoming any financial challenges. We devise goals and strategies to further enhance your business.

Procure to Pay

Tracking invoices, processing and paying vendor bills, reconciling vendor statements, and maintaining accurate records.

Order to Cash

Monitoring insurance claims and reimbursements, collection analysis, and the aging bucket of the A/R

Revenue Cycle Management

Managing order to intake, care to claim, and claim to payment cycles to improve point-of-service collections and maintain healthy cash flow.

Inventory Management

Keeping track of your health system's inventory, medical supplies, purchases, orders, payments, and more.

Monthly Financial Statement

Preparing timely, accurate monthly financial statements and reports to offer a clear view of your practice's financial well-being

Bank Reconciliation

Matching bank statements and credit card transactions with cash accounts to gain detailed visibility into cash on hand.

Cash Flow Management

Effectively managing cash in-flows and out-flows to optimise resources, provide quality care, and boost profitability.

KPI Reporting

Monitor, analyse and optimise all relevant healthcare processes to increase patient satisfaction.

BI and Analytics

Financial analysis and reporting tool to transform financial data into actionable insights

Benefits

Comprehensive accountancy services to boost business

Efficient and transparent accounting workflows

Suitable and flexible for businesses of all sizes

Industry specific experience and certified accountants

Automation centric approach for process transformations

Expertise at the intersection of accounting and technology

Technology Agnostic

Our technology-agnostic approach sets us apart, making us adaptable, agile, and highly dependable. Having worked with all major bookkeeping, payroll, tax, and VAT software, we don’t play favourites when delivering top-notch services. Don’t worry if your preferred software is not on the list. Our certified professionals seamlessly adapt to your preferred software, give you a strategic edge, the flexibility you need, and the reliability you trust.