Medical Practices

At Trinity Accounting Practice, we understand the unique challenges faced by medical centres and healthcare providers in Sydney. From managing complex revenue streams and stringent compliance requirements to optimising operational efficiencies, we offer comprehensive accounting, bookkeeping, and taxation services tailored specifically for the healthcare industry.

Our services for medical centres include:

- Specialised bookkeeping and accounting for healthcare practices

  - Accurate tracking and recording of patient visits, procedures, and billing

  - Reconciliation of insurance claims and reimbursements

  - Management of accounts receivable and collections

 

- Revenue cycle management and medical billing

  - Efficient billing processes and claim submissions

  - Denial management and appeals

  - Coding reviews and audits

 

- Payroll management and compliance for healthcare professionals

  - Calculation and processing of payroll for doctors, nurses, and staff

  - Management of employee benefits and deductions

  - Ensuring compliance with labour laws and regulations

 

- Financial statement preparation and analysis

  - Accurate and timely financial reporting

  - Profitability analysis and benchmarking

  - Cash flow forecasting and management

 

- Tax planning and compliance for medical practices

  - Maximising tax efficiency and deductions

  - Preparation of tax returns for the practice and healthcare professionals

  - Representation during audits and tax disputes

 

- Practice management consulting and advisory services

  - Operational assessments and process improvements

  - Strategic planning and growth strategies

  - Succession planning and practice valuations

 

With our in-depth knowledge of the healthcare industry and its regulations, we provide tailored solutions to help your medical centre streamline operations, maximise profitability, and ensure compliance with relevant laws and regulations. Our team stays up-to-date with the latest changes in healthcare accounting, taxation, and regulatory requirements, ensuring your practice remains compliant and financially optimised.

 

Contact us today to learn how Trinity Accounting Practice can support your medical centre in Sydney and help you achieve your financial and operational goals.