Payroll & Employee Benefits Support
Payroll and employee benefits are the largest area of costs for healthcare practices. Neglecting this area can play a significant impact on the financial performance of your practice. We help owners of private practices answer questions such as: are compensation levels competitive with your particular market and specialty? What are the true pay splits of staff after factoring in reimbursement rates and write-offs, practice overhead, and income taxes? What is the cost of retaining key personnel versus hiring new practitioners?
Through our monthly services, we can help answer these questions as well as provide:
- Assistance with developing compensation structures
- Guidance for offering and implementing employee benefits
- Retirement plan coordination and advisory
A Dedicated Partner for your Practice
Private Practice CPAs © and advisors serve as an extension of your management team, bringing their wealth of knowledge and wisdom gained through years of working with mental health professionals. For a fraction of the cost of hiring a part-time administrator, our team provides your professional organization with relevant, timely, and actionable financial services to move your practice forward.