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Friedman LLP

Health Care Accounting Services

Health Care Accounting Services

Helping providers stay in tip-top shape.
  • Overview
  • Service Menu
  • Client Success
  • Insights & Events

Overview

Health care organizations focus on delivering optimal patient outcomes. At Friedman, our focus is on optimizing the accounting, tax and financial well-being of your health care enterprise as the industry continues to transform.

Our insightful and solutions-focused health care accounting service advisors have decades of experience in both the medical and accounting realms. We understand the challenges and complexities of operating health care organizations of all sizes and scopes. By continually monitoring this evolving industry and keeping you updated on the latest developments, we can help you anticipate issues related to managed care, declining reimbursements and increasing demands for effective operational performance.

Friedman offers accounting, tax and financial services for health care providers such as:

  • Physician, dental and group practices - large groups, multispecialty and single-specialty IPA
  • Multispecialty physician groups
  • Management service organizations
  • Independent practice associations
  • Home health agencies
  • Diagnostic facilities
  • Imaging centers
  • Nursing homes
  • Skilled nursing facilities
  • Assisted living facilities
  • Long-term care facilities
  • Physical therapy centers
  • Rehabilitation centers
  • Urgent care centers
  • Ambulatory surgery centers
  • Wellness centers
  • Accountable care organizations
  • Pharmacies
  • Billing services companies

Care is the key intangible that distinguishes exceptional health care organizations - and exceptional accounting firms. At Friedman, care guides our approach at every step through highly personal attention, senior-level engagement, prompt and accurate responses to questions, frequent and ongoing communication, quick resolution to issues, and collaborative interaction with management.

Whatever your accounting, tax and consulting needs may be, our prescription for exceptional, hands-on service and value will help your health care organization thrive.

For more information on our health care accounting services, connect with a member of the team, or contact us.

Service Menu

Friedman delivers an integrated suite of services to optimize your health care organization's fiscal well-being.

  • Compliance, planning and financial and tax reporting
  • Accounting system review
  • Practice financial review
  • Compensation consulting, including restructuring compensation arrangements and stockholder/partnership agreements and developing physician compensation methodologies
  • Buy-in calculations for new dentists/physicians
  • Due diligence and guidance on mergers, acquisitions and joint ventures
  • Practice exits (venture capital and other funding sources)
  • Practice succession
  • Practice valuations
  • Internal control studies
  • Physician issues, including recruitment agreements and income guarantees
  • Pension plan administration
  • Corporate governance
  • Practice litigation support, including damages computations

Client Success

"My engagement team has been incredible. They always provide what I need in a timely manner, even when I am disorganized. They know my businesses better than I do!"--Dr. Judy Morgan, Owner, Clayton Veterinary Associates

"Friedman's advisors deliver the personalized attention of a small firm with the robust resources of a Big Four. My team always exceeds our expectations, handling the immediate task and revealing new opportunities in the process. We are very happy with Friedman." --Lea Jacovini, Director of Accounting, B Positive Plasma

"Our audit and tax engagement team are extremely responsive and always there for us when we need them. They bring expertise to the table and provide guidance on a variety of business and tax matters." -- CFO, Nonprofit Healthcare Organization

"My engagement partner is the most proactive, easiest person to work with. He provides above and beyond excellent service in every aspect." --CFO, OB-GYN Group Practice

Insights & Events

  • July 1, 2021 HHS Issues Update on Provider Relief Funds

    On June 11, 2021, the Department of Health and Human Services (“HHS”) released an updated notice regarding the reporting requirements...

    Read more
  • February 18, 2021 Understanding the Reporting Requirements for Corporations who Received CARES Act Provider Relief Funds

    One of the many sources of support to come from the Coronavirus Aid, Relief, and Economic Security (CARES) Act is...

    Read more
  • November 26, 2018 Bob Charron Quoted by Consumer Reports

    Tax Practice Leader, Bob Charron, was recently quoted in an article by Consumer Reports on the deductability of large medical bills. "If...

    Read more
  • October 29, 2018 Life Sciences Future

    Look for us at the Life Sciences Future annual event, in Philadelphia, PA. Friedman is excited to be part of...

    Read more
  • July 1, 2021 HHS Issues Update on Provider Relief Funds

    On June 11, 2021, the Department of Health and Human Services (“HHS”) released an updated notice regarding the reporting requirements...

    Read more
  • February 18, 2021 Understanding the Reporting Requirements for Corporations who Received CARES Act Provider Relief Funds

    One of the many sources of support to come from the Coronavirus Aid, Relief, and Economic Security (CARES) Act is...

    Read more
  • November 26, 2018 Bob Charron Quoted by Consumer Reports

    Tax Practice Leader, Bob Charron, was recently quoted in an article by Consumer Reports on the deductability of large medical bills. "If...

    Read more
  • October 29, 2018 Life Sciences Future

    Look for us at the Life Sciences Future annual event, in Philadelphia, PA. Friedman is excited to be part of...

    Read more
  • October 25, 2018 BioNJ C-Suite Summit

    We are a proud sponsor of the BioNJ C-Suite Summit in Bridgewater, NJ. This summit brings together leaders and their teams...

    Read more
  • October 7, 2015 AEGIS Capital Corp. Healthcare and Technology Conference

    Friedman LLP is proud to be a Bronze Sponsor at the upcoming AEGIS Capital Corp. Healthcare and Technology conference from...

    Read more
  • View all Events
  • View all Insights

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    George Fanourakis
    CPA, Partner
    GFanourakis@FriedmanLLP.comp 973.929.2466
    f  212.842.7001
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