Dentists & Physicians

Caring for the health of your patients and business

The practice of medicine is about more than just patient care. It’s also about the care of the practice relative to its financial security and stability. Even though dentists and physicians went to school to study medicine rather than how to run a business, the business side is equally as important.

All the change happening in the healthcare industry is now the new normal and this makes owning or managing a medical practice, group, institution or organization challenging and stressful. Regulatory reform and compliance (including the HHS Provider Relief Fund program) are challenges. But healthcare professionals also have to deal with Medicare and other reimbursement policies, strict recordkeeping requirements, low profit margins and increasing demands for patient data capture. No wonder burnout is increasing.

Physicians and dentists must continually keep up and respond to the shifting healthcare landscape – everything from advances in healthcare technologies to financial and operational challenges to pressures for a sale, merger or acquisition. Having a trusted advisor by your side to help navigate these tricky waters is an imperative. The right partner should know about all parts of your business, relieve the burden of running your operations and help you refocus your energy on helping patients.

Scientific research changes medical techniques, much like innovation in the industry is shifting the way healthcare businesses are run. Embrace the disruption and launch your practice into the future.

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A DENTIST’S PERSPECTIVE…

“My Adams Brown advisor has been an amazing asset to my business. She shares her extensive knowledge and wisdom to help us make the right decisions when it counts, and is great at distilling complex situations into the information that matters to help us make informed decisions,”

Dr. Sara Meng – DDS, Meng Dentistry, Wichita, KS

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Solutions for Dentists and Physicians

Agreed Upon Procedures, Review and Compilations

Services for providing insight into the accuracy and validity of your physician practice or group’s accounting and financial information to discover and correct issues, install controls, assist with financial decision making and respond to 3rd party financial information requests.

Learn More about agreed upon procedures and reviews and compilations.

Business Advisory and Consulting

For physician practice or groups seeking guidance in areas such as strategic planning, growth opportunities, business transformations, or selling, merging or transitioning their businesses.

Learn more about business advisory and consulting services.

Outsourced Client Accounting

For physician and dentist practices or groups seeking to make managing their business easier via outsourcing back-office accounting functions like:

  • Payroll
  • Accounts payable and accounts receivable
  • Analyzing areas for automation
  • Implementing cloud-based solutions
  • Training staff on new software and procedures

Learn more about how dentists and physicians use outsourced accounting.

Tax Planning and Compliance for Businesses

Tax minimization strategies and tactics at the corporate level with a focus on capturing relevant federal and state incentives, credits and deductions for physician practice or groups.

Learn more about tax and compliance for businesses.

Tax Planning and Compliance for Individuals

Tax minimization strategies and tactics for physician practices or groups with a focus on opportunities under the new Tax Cut and Jobs Act and recent changes to state tax requirements. We also help with tax strategies related to succession planning and exiting the business.

Learn more about individual tax planning and compliance.

Wealth Management

We help dentists and physicians like you develop and implement customized strategies for achieving long-term goals, strengthening your financial security and maintaining your quality of life.

Learn more about wealth management services.