Healthcare Consulting - Services |
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Services
Medical Practice Assessments - As experts in medical financial and operational management, HMWC CPAs & Business Advisors and its affiliate, MedDirect Executives, Inc., assess your practice to find opportunities to increase profitability. Some of the areas covered in a Medical Practice Assessment include:
Through an in-depth Financial Analysis, 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 Cost Containment - As the healthcare industry continues to change and revenues either remain stagnant or decrease, increasingly medical practices are 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 company, GroupSource (formerly ILS West, LLC), we are able to provide medical practices the opportunity to purchase medical products and other services at discounted prices. Tax Consulting - Proactive tax planning is the cornerstone of our Tax Consulting practice. We are highly effective in helping clients to structure transactions and financial affairs for more favorable tax positions. Our firm provides a full range of tax services for corporations, partnerships and individuals, as well as trusts and estates:
Accounting & Bookkeeping - At HMWC CPAs & Business Advisors we pride ourselves in producing accurate and helpful financial records, at a reasonable cost. As members of the California Society of Certified Public Accountants and American Institute of Certified Public Accountants, we keep fully abreast of all reporting requirement changes and standards in the profession, furthering our ability to offer valuable insights to our clients. Besides traditional financial reporting services, we can assist in developing forecasts to review the financial feasibility of growth objectives, project cash flow requirements, and analyze the impact of capital outlays. We can also assist clients with payroll/labor records, bank reconciliations, accounts payable and accounts receivable, payroll and sales tax returns, and monthly financial statements and general ledgers Estate & Financial Planning - Safeguarding and accumulating wealth for your family's long-term financial security is an easier task with the help of a financial advisor. We have the understanding and technical services to handle the complex issues surrounding the creation and preservation of wealth and the orderly transfer of assets to the beneficiaries.
Information Technology - Effective use of computer systems is vital for financial analysis and management decision-making. HMWC CPAs & Business Advisors' consultants will analyze your company in order to choose software with appropriate accounting system capabilities, and a hardware system that can rapidly generate the critical management information you need. We can then assist you with continuing technical support, set-up of financial and accounting systems, and other day-to-day issues. Valuations, Mergers & Acquisitions - As a healthcare practice owner, your company represents a significant portion of your personal net worth, and has taken years of hard work to establish. Knowing the true value of your practice before you make significant decisions regarding its future can literally save you and/or your heirs thousands of dollars. HMWC CPAs & Business Advisors prepares valuations for a variety of reasons, including buy-sell negotiations, succession and estate planning, marital dissolution planning, and for estate and gift tax purposes. In the area of mergers and acquisitions, we can assist you with acquisition strategy, identification of merger and acquisition partners, structuring the transaction, negotiating the deal, and performing the necessary due diligence. Human Resources Consulting - The stronger the team of employees, the stronger the business. At HMWC CPAs & Business Advisors, our Human Resources Consulting
Pension & Employee Benefits - Few employers can successfully compete in attracting a qualified labor force without maintaining a comprehensive employee benefits program. As a third party administrator, our affiliate, Creative Retirement Solutions, LLC, is able to custom design plans, educate employees, and provide ongoing pension administration and consulting services. These services include:
Investment Management - Yosemite Capital Management, LLC (YCM), an affiliated company, designs investment strategies and manages investments to meet the needs of both individual and business clients. YCM's goal is to help clients meet their financial goals and dreams by effectively controlling and accumulating personal wealth. YCM's core investment services include
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