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3 Common Accounting Challenges Found Among Medical Practices
Growing a medical practice requires a sound financial framework – and that boils down to the way in which you manage your books, report income and expenses, manage taxes, and more.
But healthcare accounting is complex – requiring that you navigate a complicated system of payers, private insurers, government programs, and more. Because of this, there is a higher likelihood of lost revenue and/or mistakes that could jeopardize your business.
In this webinar, accounting advisor Matt Garrett, founder and CEO of TCG Accounting, will share 3 common mistakes that often plague specialty medical practices.
He’ll discuss the pros and cons of cash vs accrual-based accounting, errors to watch out for with areas such as depreciation, and how to ensure your financial controls are on par.