Finance & Accounting

Rely on our healthcare financial management solutions, trusted by doctors nationwide. We specialize in streamlining finances for both solo and group practices.
healthcare finance and accounting services

Building Relationships through Reliable Results

Overcome your finance and accounting challenges with strategic healthcare financial management. For many healthcare practices, having a process in place where the dollars make sense can be overwhelming. At SMCG, we know your time is most valuable when focused on delivering quality patient care and achieving strong clinical outcomes. Our healthcare finance and accounting services provide the financial foundation your practice needs to thrive.

We Initiate Strategic Implementation of a Foundational Methodology

Fostering practice growth through our distinct approach to financial and accounting challenges

Short & Long-Term Partnerships

From temporary financial support to ongoing P&L management relationships

Financial House in Order

Uncovering opportunities to strengthen your financial foundation

Growth Strategy Development

Including acquisition strategies and revenue generation models

Tailored Financial Solutions

Custom approaches that fit your practice strategy and goals

Financial Solutions

Explore Our Healthcare Finance and Accounting Services

1

Pro Forma Financials

Strategic financial projections that illuminate your practice's growth trajectory. Our medical practice pro forma financials provide clarity for expansion decisions, partner additions, and capital investments.

Strategic
Financial Modeling
Growth Projections Investment Analysis Scenario Planning

Whether evaluating new service lines, considering equipment purchases, or planning facility expansions, our pro forma models transform complex financial decisions into clear strategic pathways.

2

P&L Management

Complete profit and loss management that transforms financial data into actionable intelligence. Our healthcare P&L management services identify opportunities to strengthen margins while maintaining care quality.

Financial
Performance Optimization
Expense Analysis Revenue Enhancement Margin Improvement

Long-term clients trust SMCG to manage their entire P&L, uncovering opportunities that strengthen financial foundations while positioning for sustainable growth through strategic initiatives.

3

Practice Valuation

Accurate practice valuations grounded in healthcare market realities. Our medical practice valuation services support critical transitions including partner buy-ins, succession planning, and merger evaluations.

Market-Based
Valuation Analysis
Fair Market Value Transaction Support Strategic Planning

Using healthcare-specific methodologies, we deliver defensible valuations that reflect true practice worth—considering tangible assets, revenue streams, market position, and growth potential.

4

Accounting Services

Healthcare accounting that goes beyond bookkeeping to provide strategic financial insight. Our physician practice accounting services address unique medical practice requirements while ensuring compliance.

Specialized
Healthcare Accounting
Financial Reporting Tax Strategy Compliance Support

From monthly financial statements to year-end tax preparation, we provide complete accounting support that delivers accuracy, maintains compliance, and creates financial visibility for informed decision-making.

5

Business Planning

Strategic business planning that aligns financial objectives with clinical excellence. Our medical practice business planning services create actionable roadmaps for sustainable practice growth.

Strategic
Business Planning
Market Analysis Growth Strategies Risk Management

We develop business plans that translate vision into achievable milestones, incorporating financial projections, operational strategies, and implementation frameworks tailored to your practice's unique position.

6

Revenue Stream Creation

Identifying and developing new revenue opportunities within your existing practice framework. Our healthcare revenue stream optimization uncovers potential while ensuring operational feasibility.

Revenue
Diversification Strategy
Ancillary Services Service Line Analysis Market Opportunities

From ancillary service development to optimizing current revenue streams, we identify opportunities that improve profitability while maintaining your commitment to quality patient care.

Financial Support for Your Practice

A Reliable Partner You Can Trust

SMCG serves both short-term clients and maintains long-term relationships with practices that trust us to manage their complete financial operations. We consistently uncover opportunities to strengthen financial foundations while planning for future growth, including acquisition strategies and revenue generation models aligned with practice objectives.

Why Healthcare Practices Choose SMCG:

  • Deep understanding of healthcare financial dynamics and reimbursement complexities
  • Proven methodologies for improving practice financial performance
  • Flexible engagement models from project-based support to ongoing partnerships
  • Seamless integration with existing practice management systems
  • Proactive identification of financial opportunities and risk mitigation
  • Transparent communication and regular financial performance reviews

Some of our finance clients need short-term help until they hire for a position. We are able to fill the gap when needed, providing continuity and maintaining financial momentum during transitions.

SMCG is a partner you can trust to help with your healthcare practice finance challenges.

Contact SMCG to Discuss Your Financial Needs

Fractional CFO Services for Medical Practices

Many healthcare practices benefit from executive-level financial leadership without the overhead of a full-time position. Our outsourced CFO healthcare services provide strategic financial guidance tailored to your practice's specific needs and growth stage.

The Value of Fractional Financial Leadership:

Access to senior financial expertise transforms practice operations, providing strategic insight for major decisions while maintaining operational financial oversight. Our fractional CFO model delivers this expertise in a scalable, cost-effective format.

  • Strategic financial planning aligned with healthcare industry dynamics
  • Guidance on major financial decisions, capital investments, and partnerships
  • Regular financial reviews with actionable recommendations
  • Direct access to healthcare finance specialists when critical issues arise
  • Scalable engagement models that evolve with your practice needs

Getting Started is Easy

Transform your practice finances with a partner who understands healthcare. Whether you need comprehensive financial management or targeted support for specific challenges, SMCG delivers solutions that strengthen your financial foundation.

Our Engagement Process:

  • Initial consultation to understand your specific financial challenges and goals
  • Thorough financial assessment identifying immediate opportunities
  • Customized proposal with clear deliverables and transparent pricing
  • Smooth onboarding with minimal disruption to daily operations
  • Ongoing support with regular check-ins and performance metrics

Discuss Your Practice with a Financial Specialist

Ready to overcome your finance and accounting challenges? Let SMCG's healthcare financial management expertise work for your practice. We're prepared to be your trusted financial partner, delivering reliable results that support sustainable growth.

Schedule Your Financial Consultation

Schedule a Consultation

Ready to talk? Use the form to set up a free consultation to explore your business growth.

Contact Information

Please provide your contact information. Required fields are marked with an asterisk (*).

Consultation Details

Please tell us more about your needs and when you'd like to schedule a consultation.

Our consultations provide actionable insights tailored to your specific practice needs. We identify optimization opportunities others miss.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for your interest in Sullivan Management & Consulting Group (SMCG). Our team is dedicated to helping medical practices optimize their operations and grow their business.

Leading healthcare providers partner with SMCG to optimize their practice efficiency, increase revenue, and improve patient satisfaction.

Trusted by hundreds of medical practices representing thousands of physicians nationwide

After submitting this form, one of our consultants will reach out to confirm your consultation time and provide any necessary preparation details.

Your information is secure and never sold to third parties
Complimentary practice analysis included with consultation
Flexible scheduling with our team of healthcare experts

Latest Articles

medical practice valuation methods

Medical Practice Valuation Methods For Physicians

Medical practice valuation methods for physicians include asset-based, income, and market approaches used to determine practice worth during sales, partnerships, financing, and strategic planning. Unlike general business valuation, these methods address healthcare-specific factors including patient relationships, payer contracts, regulatory requirements, and specialty operational considerations that significantly influence practice value.

healthcare practice assessment services for physicians

Healthcare Practice Assessment Services for Physicians

Healthcare practice assessment evaluates the operational, financial, and clinical dimensions of medical organizations to identify performance gaps and improvement opportunities. These structured analyses provide healthcare leaders with data-driven insights that inform strategic decisions, workflow optimization, and resource allocation across the practice environment.

Illustration of a busy hospital credentialing office managing verification processes and physician privileges for healthcare systems

Hospital Credentialing Services for Healthcare Systems

Hospital credentialing encompasses the systematic verification of healthcare practitioner qualifications before granting privileges within healthcare facilities. For large systems and networks, this process demands sophisticated coordination across multiple facilities, departments, and regulatory requirements. Effective hospital credentialing directly influences patient safety, organizational liability, and operational efficiency.