Accounting for Medical Practices
Specialized financial services designed for the unique needs of medical professionals in Bellevue and the Greater Seattle area.
Why Medical Practices Choose Us
With over 35 years of experience serving medical professionals, we understand the financial complexities of running a healthcare practice. From compliance to growth strategies, we're your trusted financial partner.
Healthcare Expertise
Deep understanding of medical practice operations and regulations.
Growth Focused
Strategic planning to help your practice thrive and expand.
Proactive Support
Year-round guidance, not just during tax season.
Compliance Assured
Stay compliant with healthcare-specific regulations and tax laws.
Challenges We Solve
Medical practices face unique financial challenges. Here's how we help you overcome them.
Complex Compliance Requirements
Navigate HIPAA, Medicare/Medicaid regulations, and healthcare-specific tax laws with confidence.
Revenue Cycle Management
Optimize billing, collections, and cash flow management for sustainable practice growth.
Multi-Provider Compensation
Fair and tax-efficient compensation structures for physicians, specialists, and staff.
Practice Expansion Planning
Strategic financial planning for new locations, equipment purchases, and hiring decisions.
Services for Medical Practices
Comprehensive financial services tailored to the needs of healthcare professionals.
Tax Preparation & Planning
Maximize deductions specific to medical practices, including equipment depreciation, continuing education, and malpractice insurance.
Bookkeeping & Financial Reporting
Accurate financial records tailored to medical practice operations, including patient billing and insurance reimbursements.
CFO Services
Strategic financial guidance for practice growth, including budgeting, forecasting, and profitability analysis.
Payroll Services
Compliant payroll processing for physicians, nurses, administrative staff, and contractors.
"Benton Bray has been instrumental in helping our practice grow from a single physician to a multi-provider group. Their expertise in medical practice accounting and strategic planning has been invaluable."
Frequently Asked Questions
What makes medical practice accounting different?
Medical practices face unique challenges including complex insurance billing, HIPAA compliance, specialized tax deductions, and revenue cycle management. Our team understands these nuances and provides tailored solutions.
How can you help with practice expansion?
We provide financial modeling, cash flow projections, and strategic planning to help you evaluate expansion opportunities, whether it's adding providers, opening new locations, or purchasing equipment.
Do you work with both independent practices and group practices?
Yes! We serve solo practitioners, small group practices, and larger medical groups. Our services scale to meet your specific needs and practice size.
Can you help with physician compensation planning?
Absolutely. We design tax-efficient compensation structures that are fair, compliant, and aligned with your practice's financial goals and physician productivity.
Ready to Optimize Your Practice's Finances?
Schedule a free consultation to discuss how we can help your medical practice thrive.