Accountant Services for Healthcare and Medical Practices in NJ

Running a healthcare practice is extremely complicated, requiring you to balance patient care, billing, profits and more. In order to have a successful practice, you will need to also have a strong accounting practice in place to make certain that your finances are in order and accurate. Thomas M. DiTullio Accounting understands the unique needs that healthcare practices have, and we have the expertise that you require to make certain that your accounting and bookkeeping are done correctly.

Accounting Services for Small Healthcare Practices

We Understand Your Healthcare and Medical Business

Whether you are the clinic manager or the provider, effectively running a healthcare practice requires you to balance multiple tasks. You have to contend with ever-changing reimbursement rates, changing regulations, the costs of expensive medical equipment and accounting for copays, write-offs and more. TMD Accounting is experienced in helping healthcare practices to increase their efficiency and to make certain that their accounting practices comply with the relevant industry standards. We are able to help your practice with all of the following:

  • Review/negotiation of fee-for-service, managed care & capitated contracts
  • Revenue cycle analysis & opportunity
  • Operations review & evaluation
  • Practice Mergers
  • EOB, 401(k) plan administration & pension plan alternatives
  • Compensation & owner buy-in/buy-out agreements
  • Wealth management & tax planning
  • Practice management support

Types of Healthcare and Medical Practices Served

TMD Accounting helps all types of small healthcare practices with their accounting needs. We understand that effective accounting for healthcare organizations and practices must keep current with the latest changes in the law. We are able to help all of the following types of healthcare practices:

  • Doctors
  • Medical practices
  • Dental and oral health practices
  • Physician groups
  • Optometrists
  • Chiropractors
  • Physical therapists
  • Mental health care
Types of Healthcare and Medical Businesses Served
Four ways TMD Accounting Helps Your Medical Practice in New Jersey

Four ways TMD Accounting Helps Your Medical Practice in New Jersey

TMD Accounting can help your medical practice in multiple ways so that you can concentrate on caring for your patients. Here are four ways that we can help you:

1. Time savings

When you outsource your accounting, bookkeeping, payroll and taxes to TMD Accounting, you will enjoy substantial time savings. Instead of having to carve out time from your day to attend to the accounting details, you can count on us to prepare your reports and other financial information with a high degree of accuracy.

2. Finding deductions

There are numerous deductions that you might be able to claim beyond the medical and office equipment in your practice. We can help you to identify the deductions that you can claim so that you reduce your taxes.

3. Consultant services

With TMD Accounting, you can enjoy having consultants available when you need them. We can help you to analyze your practice so that you can see how to increase your profit margins and improve your bottom line.

4. Certified experts

The professionals at TMD Accounting are certified, allowing you to feel confident in the accuracy of your reports, billing, payroll and taxes.

Our Healthcare and Medical Accounting Services in NJ

  • Setting up Chart of Accounts
  • Inputting Bank Details
  • Allocating the entries
  • Value Added Bookkeeping
  • Month-end or Year-end closing
  • Invoice approval
  • Expense allocation
  • Invoice imaging
  • Online payment approval
  • Check processing
  • Handling of vendor inquiries
  • 1099 reporting
  • Order management
  • Customer billing
  • Customer aging
  • Collections management
  • Cash forecasting & reporting
  • Bank statements reconciliation when records are managed by your organization
  • Credit card reconciliation with your bank records
  • Full reconciliation services
  • Matching of invoice with your ledger as well as journal entries
  • Gift card/certificate reconciliation
  • Partial reconciliation services
  • Sequencing of checks
  • Balance sheet
  • Income statement
  • Cash flow statement
  • Bank reconciliation report
  • Detail general ledger report
  • Fixed asset account management
  • Payroll setup
  • Payday calculations and direct deposits
  • Payroll taxes calculation and form filling
  • Exceptional Data Management
  • Forms Processing and Warehousing
  • Transaction Processing and Analysis
  • Data Mining Services and Monitoring

Choose TMD Accounting for Your Healthcare and Medical Accounting Needs

TMD Accounting is dedicated to helping our business customers with all of their accounting and bookkeeping needs. To learn more about how we can help with your healthcare practice, contact us today to schedule your consultation.

Our Memberhips & Affiliations

  • New Jersey Licensed Public Accountants
  • National Society of Public Accountants
  • New Jersey Association of Public Accountants
  • Pennsylvania Association of Public Accountants
  • National Association of Tax Practitioners
  • American Society of Tax Professionals
  • Institute of Tax Consultants
  • South Jersey Business Association

Committed To Excellence For Nearly 40 Yrs

Thomas M. DiTullio has nearly 40 years of experience.  Tom and his staff have a well deserved reputation for outstanding service in Gloucester County.  Many of Tom’s clients have used his services for over 20 years.  In addition to tax services, Tom DiTullio Accounting also offers payroll, and financial management.  We offer many programs that are flexible, reliable, and most of all affordable.