Physician and Dental Practices

Withum’s healthcare specialists are dedicated to providing the highest quality accounting, tax 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.

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Physician and Dental Practices Services

Tax and Audit Services

Preparation of business and personal tax returns
Tax and financial planning
Financial statement audits, review and compilations

Virtual CFO/Outsourced CFO
IRS audit representation
Outsourced Accounting Systems and Services (OASyS)

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

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Driving End User Adoption of BI Solutions in Physician Practices

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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.

Learn more

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

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Stephanie Maresca

Partner, Team Leader, Physician and Dental Practices

East Brunswick, NJ

Domenic J. Segalla

Principal, Market Leader, Healthcare Advisory Services

New York, NY

Kathryn Ruggieri

Principal and Lead, Healthcare Advisory Services

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.