Health Care

We help you navigate increasing regulations, insurance compliance and more, keeping your bottom line healthy so you can focus on providing patient care and growing your practice.

Your Financial Wellness Plan for the Healthcare Industry

Whether it’s increased regulation, shrinking reimbursements or insurance claims issues, today’s health care practice business environment is challenging. You want to focus on your patients while also having confidence that your practice is fiscally healthy. Our Health Care Services team in Western Massachusetts has the experience and focus to help your medical and dental practice navigate through the ever-changing regulatory maze that impacts your cash flow, profitability and practice structure. In addition to our expert tax and accounting services, the professionals on our Healthcare Services team also provide you with the strategic resources and targeted advice needed to help you grow your practice.

Ready to get started?

Call us at (413) 536-8510

HCAA National CPA Health Care Advisor Association

Health Care Professional Services

Meyers Brothers Kalicka, P.C. is a leader in our region, serving large and small health and dental practices and related companies with targeted healthcare accounting, tax and advisory services.

Individual/practice tax planning and preparation

Reduce tax liabilities and ensure compliance with tailored tax strategies for health care professionals and practices.

Medical and Dental practice valuations

Determine the fair market value of your practice for acquisitions, sales, mergers, or succession planning.

Practice start-ups, acquisitions and affiliations

Get expert guidance on launching, acquiring, or merging a health care practice.

Physician and staff recruitment compensation plans

Develop competitive compensation structures that attract and retain top talent while optimizing practice finances.

Structuring buy-in/buy-out arrangements

Ensure smooth transitions with fair, tax-efficient buy-in and buy-out agreements.

Feasibility analysis for purchases and leases

Evaluate the financial impact of purchasing or leasing office space, equipment, or technology.

Monitoring fiscal vital signs against peer benchmarks

Projections, budgets and practice financing

Create financial projections and secure funding to support growth and stability.

Financial forecasting and budgeting

Plan for the future with customized forecasting and budgeting strategies tailored to your health care practice.

Frequently Asked Questions - Health Care Accounting

Why do medical and dental practices need specialized accounting services?
Health Care providers face unique financial challenges, including regulatory compliance, tax planning, and revenue cycle management. MBK’s health care accounting experts help practices optimize cash flow, manage expenses, and reduce tax liabilities.

What are the tax considerations for health care professionals and medical practices?
Health Care providers must navigate complex tax laws, including deductions for medical equipment, retirement planning strategies, and multi-state tax implications. Our team ensures you take full advantage of tax-saving opportunities.

How does MBK assist with practice start-ups and acquisitions?
From entity selection and financing to compliance and operational planning, MBK guides health care professionals through the financial complexities of launching, acquiring, or merging a medical or dental practice.

What is a medical or dental practice valuation, and why is it important?
A practice valuation assesses the financial health and market value of a medical or dental practice, essential for buy/sell agreements, succession planning, and acquisitions. MBK provides in-depth valuations to help health care professionals make informed decisions.

How can MBK help with physician compensation and recruitment strategies?
We assist medical groups in structuring competitive and sustainable physician and staff compensation plans that align with industry benchmarks and financial goals.

How does MBK support medical and dental practices with budgeting and financial forecasting?
We develop customized financial projections and budgeting strategies to help health care practices maintain stability, manage expenses, and plan for growth.

What should medical practices consider when structuring a buy-in or buy-out arrangement?
Fair market valuations, financing structures, and tax implications all play a role in successful buy-in/buy-out agreements. MBK helps navigate these complex transactions to ensure smooth transitions.

Why is cash flow management critical for health care practices?
Fluctuating reimbursements, insurance delays, and rising overhead costs can impact cash flow. MBK provides cash flow analysis and revenue cycle strategies to keep your practice financially secure.

How can I get started with MBK for my health care accounting needs?
Contact MBK today to schedule a consultation and develop a customized financial strategy for your medical or dental practice.

Why Choose MBK for Health Care Accounting?

Health Care professionals trust MBK because of our specialized industry expertise and comprehensive financial solutions. Here’s what sets us apart:

Industry-Specific Knowledge

We understand the unique financial and regulatory challenges faced by medical and dental practices.

Tax Optimization Strategies

Our experts ensure health care professionals maximize tax savings while staying compliant.

Practice Growth Support

From start-ups to expansions, we help health care businesses thrive.

Personalized Services

We take a proactive, client-focused approach to improving your financial well-being.

Compensation & Buy-In/Out Restructuring

We design strategic plans to attract and retain top talent while ensuring fair transitions.

Financial Benchmarking & Projections

We provide valuable insights to help practices measure success and plan for the future.

Regulatory Compliance & Risk Management

We provide resources and guidance to help health care practices navigate HIPAA, IRS, and other industry regulations.

Submit any inquiry or request for proposal (RFP) below.

Health Care Accounting Insights

Office Efficiencies and Time Management

By Katrina Arona • September 4, 2024

Effective workflow and time management are critical for financial benefits. Evaluating on a routine basis is crucial for best practices.

A gloved hand holds a forehead thermometer to a woman's head

Implementing a More Modern Cost Accounting Approach in Healthcare Organizations

By James Krupienski • September 29, 2022

The cost of delivering healthcare has been rising for years, and the current cost accounting approach may no longer be effective in the post-COVID-19 world. A more modern cost accounting approach is needed to accurately reflect the true cost of care and improve decision making.

PRF Reporting Relief - 60-Day Grace Period Announced

By Sarah Rose Stack • September 15, 2021

In response to the recent COVID surges and natural disasters occurring in the U.S., a 60-day grace period has been put into place to allow providers who received Provider Relief Funds (PRF) ample time to come within compliance.

Real People. Real Stories. Real Results.

MBK Health Care accounting firm customer testimonials.

"I have been with MBK for at least 10 years. They have helped me with my business thru the best and worst of times. I never could have made it without them."

James B. | Fairview Pediatrics

"It's really about consultation. Being able to not just get the reports and the documents but be able to have a conversation with somebody get some advice they know your business they know you. That's where it is and that's what we have with with Jim and with MBK”.

Matt T. | New England Dermatology