Medical/Dental Group

Riney Hancock CPAs recognizes the special needs and issues facing today’s healthcare professionals concerning practice management, third-party reimbursement, regulatory compliance, and other areas unique to health professionals.

The Riney Hancock CPAs Medical/Dental Group (MD) strives to anticipate and meet your ever-changing needs. Our in-depth understanding of the regional healthcare environment, combined with our specialized knowledge of the healthcare industry, enables us to provide high quality services on a cost-effective basis.

Staffing

Our MD Group staff receives specialized training related to healthcare practices. Each year we attend numerous national conferences to keep abreast of changes and anticipate your specific needs. We closely monitor healthcare industry publications relating to current legislative, reimbursement, and economic issues. Our staff is also actively involved in numerous organizations focusing on medical practices and the healthcare environment.

Experience

Riney Hancock CPAs developed the national Healthcare Services consulting manuals for Allinial Global. We have served as Allinial Global’s Healthcare consulting firm since the inception of its Healthcare Services program. Our affiliation with Allinial Global includes continuing education and access to a network of information and contacts across the United States.

Scope of Consulting Services

We offer the following services specifically designed for healthcare practices.

• Profitability Enhancement:
  • Revenue Optimization Analysis
  • Billing and Collection System Reviews
  • Fee Schedule Review and Analysis
  • Coding Systems Reviews
  • Cost Containment Reviews
  • Ancillary Service Cost / Benefit Analysis
  • Procedure Cost Analysis
• Practice Management:
  • Dashboard Report Design and Implementation
  • Benchmarking and Statistical Analysis
  • Practice Operations Reviews
  • Asset Protection Planning
• Compensation Consulting:
  • Physician Compensation Plan Design
  • Employment Contract Design: Owner/Associate
  • Employee Incentive Compensation Plan Design
• Group Practice Legal Issues:
  • Buy/Sell Agreement Design
  • Practice Valuation/Litigation Support
  • Group Governance Consultation
• Practice Manuals:
  • Accounting Manuals
  • Billing & Collection Manuals
  • Personnel Manuals
• New Practice Set up
  • Startup Checklists and Oversight
  • Entity Selection Analysis
  • Business Plans/Financial Models
  • Financing Assistance

Please contact us for a complete list of all the services we can provide your practice.

Edna Syra Barnes, CPA Shareholder – Director of the Medical/Dental Practice Group