As a medical professional, you are constantly on the move. You don’t always have the time or expertise to monitor the profitability of your practice. You also need an accountant who fully grasps the unique requirements of your business.
At Urbach & Avraham we treat our medical practices with the same dedicated professionalism physicians treat their patients. Like an annual health check-up, a business financial check-up is an examination of the financial, managerial, and operational health of your business. We examine a broad range of issues:
- Income Tax Compliance & Planning
- IRS Resolution
- Retirement & Succession Planning
- Physician Compensation Planning
- Preparation of Financial Statements; Audits, Reviews, and Compilations
- Benchmarking against your colleagues in the same medical industry
- Valuations of Professional Practices – Buy-Sell Agreements
- Structure Arrangement for Bringing in New Associate
- Negotiate and Review Equipment Purchases/Leases
Our healthcare team consists of experienced CPAs, each with different specialties in the accounting of medical practices. Jeffrey Urbach, Partner, is a Certified Valuation Analyst, and specializes in the valuation and bench-marking of medical practices. He authored the article, “Valuation Case Study: Using the Goodwill Registry to Value a Medical Practice” which appeared in the American Journal of Family Law. Our Accounting Manager, Neil Schaum, is a certified Quickbooks ProAdvisor and assists clients with the set-up and maintenance of their accounting systems. Our tax managers specialize in tax planning and compliance of the medical professional. Our team works seamlessly to provide the highest level of service at an affordable rate. Our involvement in the Medical Group Management Association (MGMA) enables us to keep up-to-date on all financial developments affecting the medical industry.
When it comes to growing your practice, Urbach and Avraham is right alongside you. Local marketing is crucial for growing any medical practice. We regularly offer a unique free LinkedIn Seminar to our clients. This informative seminar will help you set up your individual profile and company page on LinkedIn. We also assist physicians in improving exposure on local listings and in attracting local clientele.