- Industries
- Other Healthcare Practices
Bookkeeping & CFO Services for Healthcare Practices
Financial Support Beyond the Core Specialties
Not every healthcare practice is dental, veterinary, optometry, or audiology — but every clinic still faces complex financial challenges.
Whether you run a dermatology office, physical therapy clinic, chiropractic practice, or behavioral health center, Profit Matters provides the bookkeeping, tax planning, and CFO support you need to grow profitably.
The financial challenges Healthcare practices face:
Every specialty has its own financial pressures, but common challenges include:
No more late nights with messy numbers. We deliver timely, accurate bookkeeping so you can focus on your patients - not your finances.
How Profit Matters helps Healthcare practices:
We bring clarity and structure to your financials so you can focus on patient care.
Day-to-Day
Accuracy
- Categorize and reconcile transactions across multiple revenue streams.
- Weekly bank feed clearing and account tie-outs.
- Accurate allocation of insurance reimbursements vs patient payments.
Payroll & Accounts Payable
- Payroll processing for clinicians, therapists, and staff.
- AP automation for vendor, lab, and supplier invoices.
- Payroll tax compliance included.
Monthly Close & Reporting
- Timely, accurate P&L, balance sheet, and cash flow statements.
- KPI dashboards with specialty-specific benchmarks.
- Multi-location and departmental reporting available.
Tax
Strategy
- Specialized deductions for medical equipment, CE, licensing, and compliance.
- Quarterly estimates and proactive planning to avoid surprises.
- Entity structuring for tax efficiency.
CFO-Level
Insights
- Profitability analysis by service line (e.g., therapy sessions, procedures).
- Cash flow forecasting to plan for growth and equipment investments.
- Growth strategies for expanding services or opening new locations.
Healthcare Benchmarks We Track
- We compare your practice against healthcare norms:
- Overhead ratios by specialty (physical therapy averages 70–80%).
- Collections efficiency (goal: 97%+).
- Revenue per provider or per patient.
- Profit margins across different service categories.
Client Story
A physical therapy clinic was struggling with collections and rising payroll costs. Profit Matters created a specialty-specific dashboard that highlighted missed insurance reimbursements and showed payroll creeping above industry norms. After addressing both, the clinic’s net margin improved by 10% within the first year.
Why Healthcare practices choose Profit Matters
Fun bookkeepers, serious results. We keep it light while delivering accuracy and insights.
Experience across specialties
From dermatology to behavioral health, we understand unique challenges.
All-in-one financial support
Bookkeeping, payroll, tax, AP, and CFO guidance under one roof.
Scalable packages
Designed to grow with your practice.
Fun bookkeepers, serious results
A partner who takes your numbers seriously without making them boring.
Get clarity across your healthcare practice
From bookkeeping and tax prep to CFO-level guidance, we help healthcare practices of every kind see their financial picture clearly.
FAQs: Healthcare Practice Bookkeeping & Tax
Do you work with smaller practices and solo providers?
Yes — we scale services for single-provider clinics and larger multi-location practices.
Do you understand billing for specialized services?
Yes — we customize bookkeeping and reporting to fit your specialty’s workflows.
Can you help track profitability by service line?
Absolutely — we separate out services, procedures, or programs to show what’s driving profit.
Do you provide both tax prep and advisory services?
Yes — we handle compliance and proactive planning, plus provide CFO-level insights.
