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Built for this industry
Healthcare practices deal with a gap between when a service is provided and when insurance actually pays for it, plus a mix of patient payments, provider compensation, and equipment costs that general bookkeeping doesn't always account for well.
Practice finances
Medical practice accounting services track how a practice actually gets paid: billed charges, contractual adjustments, insurance reimbursements, patient payments and write-offs. Juris CFO keeps them separate so owners see real collections, not gross billing.
Medical practice accounting services start from the revenue cycle: care is delivered today and paid weeks later, at less than the billed charge. Healthcare accounting services record charges, adjustments and collections separately.
Medical practice bookkeeping also ages receivables by payer, so slow claims and likely write-offs surface early.
Specialties
Accounting for medical practices leans on insurer payments and multiple providers, while dental practice accounting often has more patient-paid revenue, lab fees and supplies.
Physician practice accounting also tracks equipment loans and depreciation so a large purchase does not distort monthly profit.
Where it gets complicated
How we help
Good fit
FAQ
Record expected net revenue after contractual adjustments, then apply insurer payments and patient payments as they arrive. Unpaid balances stay in accounts receivable. Juris CFO reconciles practice management reports to the bank.
Document the pay formula, whether salary, production or collections-based, calculate it from approved reports and record it consistently. Juris CFO keeps wages, taxes and distributions separate; entity treatment is confirmed with your tax adviser.
The best accountant for a medical practice understands receivables, contractual adjustments, provider pay and equipment financing, and reports monthly rather than only at tax time. A consultation with Juris CFO helps you judge the fit.
A contractual adjustment is the difference between a practice's billed charge and the amount an insurer agreed to allow. It is not collectible revenue or bad debt, so it is recorded separately to keep net revenue accurate.
Juris CFO does not publish fixed prices. After a consultation, the quote reflects providers, locations, claim volume, payroll complexity and cleanup needed.
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Recording every transaction accurately, so the numbers underneath your business are never in question.
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