Healthcare Accounting

When you just need help with your healthcare accounting and bookkeeping services, we are here to help you with this, too.

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We'll spend time learning more about your business to clearly identify your needs and how best to help.  For most business owners, we "dig in" more with them than anyone has in the past.

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Healthcare Specific Accounting

Healthcare accounting can be complex. Hospitals, doctor's offices, and other healthcare organizations have to deal with revenue recognition, accrual accounting, and ever-changing laws and regulations.

These organizations also have to handle multiple payer systems, such as Medicare, Medicaid, and private insurers.


Healthcare providers usually follow generally accepted accounting principles (GAAP), which includes the adopted accounting framework of the U.S. Securities and Exchange Commission, along with the Internal Revenue Service.


Accordingly, many basic and advanced concepts of general accounting apply, including but not limited to accrual and cash accounting, reporting, depreciation, payments, and receivables related to medical services, payer mixes, and chargemasters and credit balances, and outstanding checks.

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Healthcare

Accounting Services

We will provide the highest quality, professional, and accurate financial records for your medical business that you can find. You won’t find a business with more integrity or superior quality than Boyd Group Services. You can trust and depend on us to deliver exactly what you need when it comes to financial services for your medical practice.

We are both reliable and efficient, so when you need to hire a bookkeeper or a business expense organizer for your business, remember Boyd Group Services. We will help you get your records balanced, accurate, and in order, and if you need tax advice or funds for growing your business, we can do that, too.

Healthcare CFO

As a business owner, you will find the services of a CFO, or Chief Financial Officer, become necessary at some point. This position is crucial to your success, in that they will be responsible for the money end of your business.


A CFO does a myriad of tasks and should possess top-notch skills such as accounting and bookkeeping, tax preparation and planning, and financial management skills of the highest quality.


Our founder, Chad Davidson, has expertise in all of these areas and has served as CFO for several different companies, helping them to achieve the measure of success they were looking for.

Healthcare Tax Planning & Prep

If your numbers just don’t seem to be up to par, or you don’t feel like you’re achieving your true potential, we can help you. The fact of the matter is, most business owners are paying anywhere from 30-50% more on their taxes than they should be.


As healthcare accountants, we can show you how to implement a plan that will work for your business and its future success much better than its current performance.


To help your medical practice grow and prosper the way it should, you sometimes need some assistance from a professional tax planning firm. But don’t be fooled by a lot of false promises and hype.


Go with a place like Boyd Group Services, where we have a unique, proven method that involves meticulous planning and extreme attention to detail within the healthcare sector.


Our tax planning services are superior to the competition, so when you need more than just a tax advisor or someone to prepare your returns, call us and schedule a free 45-minute strategy session.

Financial Services FAQ

Got a question? We’re here to help.

  • What types of financial services do I need for my small business?

    As a small business, managing your accounting, a taxes is vital to success. Implementing small business accounting software can help with bookkeeping and will assist with organizing your financial records. 


    But, a CPA can offer custom advice specifically for your business and its needs. A CPA can also answer any questions and work toward your financial goals. 


    A CPA can also prepare your financial statements and financial reporting.


    Outsourcing your tax planning and preparation is also key. A tax professional can inform you of any tax implications and tax situation. Having someone available all year long — instead of just during tax season — can help with saving money. 

  • Should I hire an accountant for my small business?

    It's a smart move to hire a certified professional accountant (CPA) for your small business if you need help with: 


    • Financial reporting and statements 
    • Interpreting financial data 
    • Making business decisions related to company money 
    • Revenue growth

    A CPA can also assist with tax planning and preparation all year, instead of just during tax season. 

  • What are the benefits of outsourcing my tax preparation?

    Outsourcing your tax preparation and planning has several benefits. 


    For starters, hiring a professional ensures your data will be collected, organized, and sorted in a way that will make filing taxes much easier and efficient. 


    The legislation and laws surrounding taxes are always changing and hiring a professional means you don't have to keep up with it. This also means they know the latest tax incentives and if you can take advantage of them to save additional money. 


    And finally, when you outsource tax preparation, you can assure everything is being done correctly. Making mistakes on taxes can be costly, and this is a smart way to do it right the first time. 

  • What is a tax planner?

    A tax planner will be able to look at your specific business situation and offer advice and recommendations on how to minimize the amount you owe in taxes, and how to reduce taxes in the coming years. 


    The fact of the matter is, most business owners are paying anywhere from 30-50% more on their taxes than they should be. A tax planner can show you how to implement a plan that will work for your business and its future success much better than its current performance.

  • Should I hire a bookkeeper for my small business?

    Making the decision to hire a bookkeeper for your small business is a big one. However, there are many benefits to doing so. 


    Hiring a bookkeeper allows you, as a business owner, to focus on the core needs of a growing business instead of worrying about the books. 


    Even if you consider yourself to be a financial expert, hiring a third party will ensure more accuracy when it comes to financial data collection and reporting. 


    Hiring an outside professional also means you can get an objective view of your company and its finances. A financial expert will be able to help you make smart money goals and create a path to reach them. 

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