Medical & Dental Practices
Helping You Meet The Complex Challenges Of Your Industry
Managing a health care practice is complex. Rapid changes in markets, competition, technology, and delivery systems require that progressive health care providers have experienced professionals to assist them in meeting the challenges their medical practices face. Olsen Thielen’s professionals are dedicated to working with and understanding all types of medical, dental, and health care businesses. Because we specialize in the health care industry, we can provide the financial and consulting expertise that is needed to successfully manage in today’s highly competitive and rapidly changing health care marketplace.
Industry Expertise
Olsen Thielen professionals are highly experienced in the following areas:
- Primary care practices and dental clinics
- Specialty clinics
- Single and multi-owner practices
- Start-up practices for newly licensed professionals
- Single provider practices and employed physicians and dentists
- Benefit plan audits for clinics
Services for the Medical & Dental Industries
In addition to our accounting and tax services, we provide support for back-office operations, revenue growth, operational management, and financial planning. We provide industry-specific guidance to help ensure your practice is in compliance with current tax laws and using the best accounting practices to maximize income and minimize tax burdens. Our specialists look beyond compliance needs to educate you on new regulations and rule changes and help identify strategic improvements which will keep you moving towards your organization’s long-term goals.
- Business entity selection for tax purposes
- Financial statement and tax preparation and planning for owners and practices
- Business Accounting Solutions (BAS) - recurring bookkeeping, payroll and reporting
- Compensation models and bonus planning and consultation
- Retirement and benefits planning including maximizing pre-tax benefits for owners
- Purchase and sale of your practice including deal structure and tax planning
- Cash flow analysis of buy-in and buy-out
- Buy-sell planning and protection for the practice and its owners
- Business valuations for estate, sale or acquisitions
- Deferred compensation plans for for retired or retiring owners
Gustafson Family Dentistry
Case Study
Contact a Specialist
Our medical industry professionals have dedicated their careers to working with physicians and medical clinics and are trained to help your practice remain compliant, operate efficiently, and increase profitability. We are always by your side to offer helpful advice and consultation to help you plan for the future. To learn more, contact one of our industry specialists:
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