Has your practice ever had a Financial Analysis™?
Not the IRS, not your CPA, but an entirely unbiased third-party review of your financial systems and procedures.
Now is the time!
If are a Dentist and unsure you are:
- protecting your practice fully
- maximizing your financial systems to work for you, not against you
- understanding patient revenue fully
- about to bring in a new associate
- thinking about or planning to selling your practice
- thinking or planning to buy a practice
- reviewing the right reports
- if anything suspicious is happening
then, a Financial Analysis™ will give you the answers you need or peace of mind.
Maybe you just want assurance that the right systems are in place to help prevent embezzlement in your practice?
Maybe you just don’t know what you don’t know? This is a good place to start.
A Financial Analysis™ is a remote process so as not to disturb your practice. Regardless of the practice software being used, regardless of the accounts payable software being used, Susan reviews everything, leaving no stone unturned.
The Financial Analysis™ includes:
- Comparison of the practice software detail with all financial institution records, analyzing patient, insurance, and patient plan payments for one year
- An in-depth analysis of Adjustments, whether they are acceptable and appropriate
- An in-depth analysis of the Audit Trail Report
- Evaluates additional areas recognized as potential breaches of internal controls
- Back to back comparison with the accounts payable software or CPA reports
Additional to the complete report and future tools to use, a two-hour follow-up phone call with the doctor will address any action plans determined by the review or answer any questions and concerns.
One detailed report lists suggested changes based on actual determinations, along with supporting documentation.
A typical financial analysis takes approximately 3 weeks to complete, dependent upon the availability of necessary documentation and access. It is a valuable, affordable option, customized to your practice.
If embezzlement is detected, the cost of the Financial Analysis ™ rolls into the cost of the Fraud Examination.
The Financial Analysis™ requires doctor participation and must be ordered by the doctor owner.