Physician and Dental Practices

Withum’s healthcare specialists are dedicated to providing the highest quality accountingtax and practice management services to their physician and dental practice clients. Our mission is to help you provide a financially strong future for you, your practice, and your family.

Physician and Dental Practices Services

Tax and Audit Services

Business and Consulting Services

  • Partner succession planning
  • Practice mergers & acquisitions
  • Real estate acquisitions
  • Fair market value opinions
  • Hospital & joint venture assessments
  • Cybersecurity
  • Due diligence, financial feasibility studies and operational review services

Practice Management Services

  • Budgeting and cash flow management
  • Benchmarking and best practices
  • Data collection
  • Billing and collections procedures
  • Stark law assistance
  • HIPAA compliance
  • Employment agreements
  • Withum Wealth Management
  • Procedural efficiency
  • Medicare and insurance billing
  • Evaluation of medical record coding and documentation to substantiate eligible reimbursement
  • Structuring compensation programs and buy-in calculations for new physicians/dentists entering practice groups
  • Analysis of contracts, including capitated and risk-sharing

Ambulatory Surgery Centers Services

Owning an Ambulatory Surgery Center (ASC) can be a rewarding and profitable experience, but it can also pose unique challenges. Withum’s experienced healthcare professionals are dedicated to providing ambulatory surgery center development, operation and management services that allow ASCs to provide their patients with the best possible care.

  • Work with your legal counsel to assist in the planning process for your surgery center
  • Assist in the preparation of any necessary applications for certificates of need
  • Assist you in the development of facility fee schedules
  • Conduct financial statement analyses to project the financial results of the startup and operation of your proposed or existing facility
  • Preparation of all required financial statements and federal and state tax returns
  • Offer complete accounts receivable management
  • Coordinate rejected claims processing
  • Evaluate quality and risk management
  • Assist with a cost per procedure analysis
  • Review your operational insurance needs
  • Assist in preparing an exit strategy

Related Insights

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Driving End User Adoption of BI Solutions in Physician Practices

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The Power of Business Intelligence for Physician Practices

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Case Study: Fair Market Value Analysis of Cardiology Practice Enables Successful PSA/PLA Renegotiation and Margin Improvement

Learn how Withum helped a leading health system successfully implement updated professional service agreements, achieve a 35% margin improvement, and significantly improve alignment with organizational goals. Download a PDF of this case study Executive Summary Withum was engaged by the CFO of a leading health system in the northeast (the “System”) to provide insight and…

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Physician Practice Manager Tool

Demo Withum’s Physician Practice Manager Tool to see how it aggregates disparate billing systems into one platform.

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Physician Revenue Optimization

Optimizing medical practice revenue, regardless of size, is challenging, but a structured approach can help optimize revenue and performance.

Withum provides physicians with comprehensive medical practice management services. Using cutting-edge technology and current knowledge of billing and coding regulations, we are able to provide revenue management and consulting services to medical practices efficiently and cost-effectively.

Risk-Free Collection Performance Analysis

Determine your practice’s revenue potential, identify missed opportunities and provide insight on areas of improvement to bolster your allowable reimbursement. With our proprietary system and practice management tools, we will review your practice’s procedures – focusing on total charges, payer mix and units.

Physician Practice Revenue Optimization Results

  • Reduction in overall accounts receivable.
  • Reduce days in A/R to an average of 28 days.
  • Average of 21 day adjudication of insurance claims.

Physician Practice Revenue Optimization Results

  • Reduction in overall accounts receivable.
  • Reduce days in A/R to an average of 28 days.
  • Average of 21 day adjudication of insurance claims.
5-10%
Return on Missed Opportunities
98%
Success Rate in Initial Claim Submittal
15-25%
Increase in Revenue For New Clients

Connect with Our Leaders

Stephanie-Maresca_Web
Advisory, Industry Leader, Partner
East Brunswick, NJ
Domenic-Segalla_Web
Principal
New York, NY
kathryn ruggieri headshot
Principal
Whippany, NJ

Contact Us

For more information or to discuss your business needs, please fill out the form and a member of our team will connect with you timely.