Healthcare Advisory Services
In today’s complicated health care industry, medical practices require increasing guidance when it comes to sound business and accounting practices. Over the past decade, members of the MNMW team have developed an expertise in working with medical practices. Providing business solutions, tax, and mediation assistance to many physician groups in Lee and Collier counties, we continue to expand into this exciting industry.
As a member of the Medical Group Management Association, our medical practice division stays abreast of issues in the industry.
We are also active members of the National Society of Certified
Healthcare Business Consultants, which allows us to provide the
best resources and solutions available to our clients through a
network of consultants across the country.
A sample of services we offer our medical clients includes:
- Analysis of medical practice financial ratios versus industry benchmarks
- Annual physician retreats to determine short- and long-term goals for the practice and solve any operational issues for the upcoming year
- Development of customized monthly management reports that are easy to interpret and prepare by the internal practice bookkeeping team
- Analysis of financial data to help the physicians make key business decisions such as growth plans, facilities, etc.
- Assistance with physician buy-in/buy-out formulas and calculations
- Expansion planning, including financing analysis and negotiations
- Compensation planning for physicians, mid-level providers and staff
- Mediation assistance
Our first step in working together is to have an organization and strategy meeting to establish your specific needs and goals, and to determine appropriate timelines for attaining those goals. We take deadlines seriously and will meet them without exception. The MNMW team is eager to help you develop and grow your practice.
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