What is different about healthcare accounting

Healthcare accounting includes several unique aspects that do not apply to general or business accounting. The fundamental difference between healthcare accounting and other types of accounting is the association of multiple parties with health care, such as patients, insurance companies, health care providers, pharmaceutical companies, and government agencies. Each of these parties come with their own accounting and financial nuances, and they sometimes intertwine.

It can be said without any doubt that the accounting department is essential for the success of the medical office. A healthcare organization's ultimate goal is to provide cost-efficient and effective care to patients. A good accountant can find ways to make a facility's patient care strategies more financially efficient without sacrificing overall care quality.

What we can do for you

We offer expert advice, support, and guidance to help medical professionals. Our accountants will ensure you are working from the appropriate tax code and are operating from the most appropriate legal entity. Our service package for healthcare industry includes the following:

• Exclusive medical accountaning, taxation and general advisory services
• Time bookkeeping in both traditional and digital arenas
• Statutory account preparation
• Partial exemption VAT calculations
• Handling the IR35 implications and expense claim