As a professional services firm, Shalik, Morris shares many of the same challenges, goals and nuances as do our Health Care clients. Our professional services are specifically tailored to meet the unique needs of each of our clients. We provide tax, accounting, audit, consulting and a wide array of professional services to the Health Care industry. Our Health Care clients include many of the region’s prominent medical groups and range from single and multi-practitioner medical practices to large multi-office groups.
We are often called upon to become a proactive member of our client’s management team, assisting with all aspects of operation and providing our entrepreneurial perspective in enabling our clients to stay competitive and accomplish their objectives.
In the changing environment of practicing medicine with consolidations and mergers, we have represented both sides of the transaction, helping buyers and sellers evaluate the pros and cons and help structure and define the parameters of transactions.
Our Health Care client services include:
- Tax Planning & ComplianceAssistance with retirement plan selection and funding options
- Fringe benefit evaluation
- Accounting, including Compilation and Review of Financial Statements
- Audits of Financial Statements
- Management Support, including:
- Bookkeeping
- Monitoring accounts receivable
- Review billing reports with an eye toward physician productivity
- Bill paying
- Assisting with cost containment
- Budgeting
- Internal reporting
- Cash management
- Payroll processing and tax
- Assistance with selecting accounting systems
- Assistance with preparing compensation packages for current and future physicians and employees
- Calculating physician and employee compensation based on the particulars of each arrangement, including groups with varying compensation formulas
- Development and Review of Internal Controls and Operating Procedures
- Consulting and Strategic Planning
- Merger, Acquisition & Transaction Services, including:
- Succession Planning
- Due Diligence Evaluations
- Review of Buy/Sell Agreements
- Assistance with Entity Selection and Formation
