ACCOUNTING FOR HEALTHCARE PROFESSIONALS
In Australia’s dynamic healthcare landscape, precise financial management, strict regulatory compliance, and effective tax strategies are essential for success. Healthcare providers operate in a complex environment that demands meticulous attention to financial operations, adherence to evolving regulations, and strategic planning to ensure sustainability and growth. Navigating these challenges is crucial for delivering quality patient care and maintaining operational excellence.
At Accumen, we provide specialised accounting and business advisory services for healthcare professionals and the medical industry including GPs, specialists, dentists, allied health providers like physiotherapists, podiatrists, optometrists, and medical practice owners. We can help navigate complex financial regulations, optimise practice efficiency, and achieve long-term financial success. Whether you run a private practice, a medical clinic, or an allied health service, we offer tailored solutions to support growth, compliance, and profitability.
Services We Provide for Healthcare Professionals
- Practice Financial Management – Managing cash flow, budgeting, and forecasting for financial stability.
- Tax Planning & Compliance – Reducing tax liabilities while ensuring full ATO compliance.
- Business Structuring – Setting up tax-efficient structures for asset protection and growth.
- Medicare & Private Health Fund Compliance – Ensuring accurate billing, claims, and record-keeping.
- Growth & Profitability Strategies – Streamlining operations and identifying opportunities to boost revenue.
- Succession & Exit Planning – Planning for practice transitions, sales, or expansion.
- Asset Protection & Risk Management – Safeguarding personal and business wealth from financial risks.
- Personal Wealth Strategies – Including estate planning, superannuation, pension strategies and SMSF establishment and management. Maximising wealth through property investment involving smart structuring, cash flow management, and risk assessment.
Our expertise helps healthcare professionals focus on patient care while we take care of the financial health of the practice.
Whether you’re a solo practitioner, part of a group practice, or managing a healthcare clinic, We provide straightforward, strategic advice to help you achieve financial success. Contact our healthcare accountants and book a free consultation today.
