HMWC CPAs & Business Advisors specializes in business strategies for healthcare professionals. We can help your practice improve productivity, reduce costs and maximize reimbursement. As a member of Affiliated Healthcare Advisors, we are continually up-to-date on the issues facing the healthcare industry and have access to the Network's resources to develop solutions to our clients' challenges. Our clients, which include dozens of primary care physicians, specialists and dentists, rely upon us to provide superior service in numerous key consulting areas:

Medical Practice Assessments - As experts in medical financial management, we assess your practice to find opportunities to increase profitability. This can be achieved through increased revenue or decreased costs. Through an in-depth Financial Analysis, our affiliate company, Med Direct Executives, Inc., we review your profit and loss statements, balance sheet, general ledger and other accounting records to identify cash flow improvement options. Our Operational Reviews analyze workflow patterns, personnel, billing processes, and coding. Some of the areas covered in a medical practice assessment include:

Financial analysis
Accounts receivable analysis
Physician compensation analysis
Personnel assessment
Billing and collections procedure review
Internal control assessment

Cost Containment - As the healthcare industry continues to change and revenues either remain stagnant or decrease, medical practices are increasingly looking to reduce costs of operations. Since cost concerns are crucial for all physicians, we are constantly seeking avenues to help contain costs. Through an affiliated entity, GroupSource, we are able to provide medical practices the opportunity to purchase medical products and other services at discounted prices.

Additional Healthcare Consulting Services

• Accounting and bookkeeping
• Tax consulting
• Estate and financial planning
• Pension and employee benefits consulting
• Employee policies and procedures manuals
• Practice valuations
• Practice mergers and acquisitions
• Computer evaluation and selection