HMWC CPAs and Business Advisors

Accounting Firm Services:At HMWC CPAs & Business Advisors, we take pride in providing a wide array of services that are specifically tailored to the healthcare industry. These include:

Accounting

  • Financial statement preparation
  • Accounts payable processing
  • Payroll assistance
  • Cash reconciliation and cash flow analysis
  • Budget and comparative statements
  • Internal control evaluation
  • Income distribution formula review and management
  • Emergency bookkeeper and finance director coverage

QuickBooks ProAdvisors

HMWC CPAs & Business Advisors offers certified “QuickBooks ProAdvisor” professionals.  Certified ProAdvisors are specially trained QuickBooks experts who help clients with this popular small business financial software. Our Certified ProAdvisor can help you to quickly set-up a system to create invoices, pay bills, and track expenses all in one place.

Tax Consulting

  • Strategic review — balance tax advantage with unique medical group operating dynamics
  • All tax return services (income, employment, property, sales and excise)

Practice Assessments

  • Buy-in/outs
  • Practice sales and purchases
  • Accounts receivable analysis
  • Benchmarking analysis
  • Billing and collection procedure review

Patient Billing

  • General consulting on billing options (internal vs. outside contract)
  • Evaluation of billing department effectiveness
  • Procedure analysis and review

Practice Management

  • Office set-up
  • Interviewing and hiring personnel
  • Long-term operational support (consulting as needed)
  • Regular attendance at physician meetings (or as needed)
  • Emergency administrative coverage
  • Board retreat coordination or participation

Medical Practice Start-ups

  • Employment and recruitment agreement consultation and document review
  • Insurance contract credentialing
  • Hospital staff privileges coordination

Audit/Review

  • Audit services
  • Review services

Human Resources

  • Review of policies and procedures
  • Assistance in interviewing and hiring of administrative personnel
  • Benchmarking salaries with our extensive database

Estate Planning

  • Business succession planning
  • Retirement planning
  • Insurance review
  • Family financial planning

For our Healthcare industry brochure in Adobe pdf format, click here.

Affiliates:

Pension & Employee Benefits – Few employers can successfully compete in attracting a qualified labor force without maintaining a comprehensive employee benefits program. As tax consultants and business advisors, we work with our clients and their third party administrators to custom design plans to meet each company’s specific needs. We consult on such options as:

  • Individually designed retirement plans
  • 401(k) – Traditional and safe harbor
  • Profit sharing
  • Cross tested/new comparability
  • Money purchase
  • Defined benefit
  • Cash balance plans
  • Cafeteria plans
  • ESOP

Investment ManagementYosemite 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

  • Asset allocation
  • Asset management
  • Portfolio reviews
  • Research reports
  • Trust services

For our Healthcare Affiliates brochure in Adobe pdf format, click here.

Healthcare Salary & Benefits Survey:

Bill Pay

Please take part in our annual Healthcare Salary & Benefits Survey. To participate, click here.