Your billing system is the lifeblood of your practice. You need to make sure it integrates with your accounting system. At Lescault and Walderman, we understand the importance of having a seamless system, which is why we have developed customized accounting solutions for health and medical professionals.
Indexing critical metrics across your entire practice is vital. You need to know which entities are performing and which need help. Without location-based financial data, you can’t manage and optimize site performance. Left unchecked, your lower-performing offices could bring down your whole organization.
Seeing patients in multiple locations presents unique tax challenges. When counsel advised different tax entities for each site and specialty, they weren’t considering the accounting issues. Without proper setup, you have to manage data for individual locations manually. And disjointed financial data makes it nearly impossible to calculate real profit and expenses across your entire practice. A robust accounting system will allow you to handle your multi-entity tax issues more efficiently.
When your billing system integrates with your accounting system, you will be able to distribute information more easily. The ideal solution cuts down on manual data management and improves accounts receivable efficiency. With a comprehensive solution in place, you get to focus on your patients without neglecting the financial aspects of your practice.