Leave the financial ‘checkup’ to us, as you focus on providing expert care and treatment to your patients
You embarked on your journey to obtain a medical, veterinary, or dental degree with the goal of enhancing the health and prosperity of your patients. With the demanding responsibilities of patient care and practice management, the burden of examining financial records and calculating complex numbers is the last thing you should be worried about.
That’s where the financial experts at Versa come in.
Stay focused on your business while we take care of the rest
As a trusted partner to the medical practitioner's industry, our accounting firm understands the unique financial challenges faced by healthcare professionals. We offer a comprehensive range of specialized services designed to streamline financial operations, maximize profitability, and ensure compliance with industry-specific regulations. With our tailored solutions, medical practitioners can focus on delivering exceptional patient care while leaving the financial complexities to us.
Versa’s Health and Medical Services:
At Versa, we offer a wide range of comprehensive financial services specifically tailored to meet the unique needs of healthcare professionals. From accounting and tax planning to financial analysis and practice management consulting, our expert team is dedicated to streamlining your financial operations, maximizing profitability, and ensuring compliance with industry-specific regulations. Explore our services below to discover how Versa can empower your practice and help you achieve financial success in the healthcare industry.
Accounting and Bookkeeping Services:
➤ Accurate recording and classification of financial transactions
➤ Preparation of financial statements (income statement, balance sheet, cash flow statement)
➤ Patient billing and accounts receivable management
➤ Expense tracking and cost analysis
Tax Planning and Compliance:
➤ Strategic tax planning to minimize tax liabilities
➤ Preparation and filing of tax returns (business and individual)
➤ Compliance with healthcare-specific tax regulations
➤ Assistance with tax credits and deductions available to the medical industry
Financial Analysis and Reporting:
➤ Comprehensive financial analysis to assess the financial health of your clinic
➤ Budgeting and forecasting for financial planning
➤ Customized financial reports for decision-making
Practice Management Consulting:
➤ Revenue cycle management to optimize billing and collections
➤ Cash flow management and working capital optimization
➤ Operational efficiency and process improvement
➤ Growth and expansion strategies, including mergers and acquisitions
Payroll and Employee Management:
➤ Payroll processing and compliance with healthcare-specific payroll regulation
➤ Assistance with wage and hour compliance
➤ Reporting and analysis of labor costs
Financial Systems Implementation:
➤ Selection and implementation of healthcare-specific accounting software
➤ Integration of electronic medical records (EMR) systems with accounting software
➤ Staff training on financial systems and processes
➤ Ongoing support and troubleshooting
Practice Valuation and Transition Planning:
➤ Business valuation services to determine the value of your medical clinic
➤ Succession planning and guidance for practice transitions
➤ Tax planning for practice sales or acquisitions
Funding and Financing Assistance:
➤ Assistance with securing financing for clinic expansions, equipment purchases, or technology upgrades
➤ Financial projections and business plans for loan applications
➤ Evaluation of funding options and assistance with negotiations
Embrace Your Business’s Future
At Versa, we specialize in partnering with a diverse range of healthcare professionals, including sole practitioners, multi-professional specialty groups, private and public clinics, and hospitals. Our mission is to equip you with powerful tools that empower informed business decisions, paving the way for your success.
In addition to our comprehensive business tax filing services, we extend our expertise to preparing individual income tax returns specifically tailored for medical professionals like you. Our goal is to ensure your financial prosperity and enhance your personal wealth.
If you find yourself burdened by an inadequate accounting system that fails to meet your unique needs, don't hesitate to reach out to us. We have the perfect remedy that will simplify and optimize your business operations, ultimately boosting profitability and overall success.
