Outsourced Accounting for Healthcare Industry

What Is Healthcare Accounting?

Healthcare accounting is a specialized area of accounting focusing mainly on the healthcare industry. Healthcare accounting is specialized because of the distinct requirements of maintaining books, compliance, variety of revenue sources, and unique cost structures that come with the healthcare sector.

The Role Of A Healthcare Accountant Involves

Recognising The Revenue Source
Managing Expenses
Complying With The State & County Regulations
Integrating The Financial Records With Clinic’s Healthcare Data
Budgeting & Forecasting
Allocating Budgets

Who Do We Serve?

Accounting services for Hospitals

Accounting for Doctors

Accounting for Eye care

Accounting for Medical Consulting

Accounting for Medical Equipment

Accounting for Medical Practices

Accounting for Chiropractors

Accounting for Dental Clinics

Accounting for Pharmacies

Our Bookkeepers Certifications

Cutting-Edge Accounting Software
We Use To Stay Relevant & Accurate

What Are The Accounting Services
We Provide For The Healthcare Industry?

At Velan, we have a comprehensive list of accounting services in our arsenal. Our services include
Avail Velan’s Professional Healthcare Accounting Services for a robust financial infrastructure of your healthcare business

Payroll
Processing Services

We ensure precise and timely processing of payroll for healthcare professionals, meticulously handling compliance with industry-specific regulations and tax obligations.

Accounts Payable &
Accounts Receivable Services

Our expert team manages accounts payable and accounts receivable for healthcare organizations and optimizes your cash flow.

Tax
Preparation Services

Leveraging our in-depth knowledge of healthcare tax regulations, we diligently prepare tax documents, maximizing available tax benefits for our clients.

Bank Account & Credit Card Reconciliation Services

We conduct thorough reconciliation of bank accounts and credit card statements, swiftly identifying any discrepancies in transactions.

Financial Reporting

Our skilled professionals prepare detailed financial reports, including income statements, balance sheets, and cash flow statements.

Flexible Pricing Plans

Velan offers bespoke accounting services at different frequencies, ensuring that our clients' financial records are up-to-date and accurate.

Inclusive

We take a collaborative approach with our healthcare clients in developing budgets and forecasts, for efficient resource allocation and adaptability to the dynamic nature of the industry.

Online Bookkeepers & Accountants

How Secure is Your Data With Us?

Velan understands the importance of safeguarding customer data throughout its entire operational lifecycle. We ensure the uttermost protection of customer property throughout the entire product development process, including storage and logistics. We demonstrate our dedication to data security through the implementation of ISO 27001 in our office.

What Is The Importance Of Bookkeeping & Accounting Services In Healthcare Industry?

Healthcare accounting is pivotal in ensuring financial transparency, compliance, and strategic decision-making within the healthcare industry. Availing expert healthcare accounting services is crucial for navigating the intricate financial records of the healthcare industry in the USA.

Our specialised accountants are both available online and near you to adeptly handle the nuances of your healthcare practice. Some importance of accounting services in the healthcare sector:

Compliance in Healthcare

It is imperative to have accuracy in your accounting and bookkeeping. The intricate regulatory compliance requirements of healthcare in the USA warrant special care to be trouble-free.

Data Analytics & Reporting

Healthcare accounting provides the financial data necessary for informed decision-making, aiding strategic planning, resource allocation, and long-term sustainability.

Sorting Complex Revenue Streams & Cost Structures

Healthcare accountants navigate diverse revenue sources and intricate cost structures, optimizing financial operations to maximize efficiency and profitability.

Budgeting & Forecasting

Healthcare accountants play a critical role in developing budgets, employing advanced forecasting techniques to manage tight budgets and support the financial health of healthcare organizations.

Mitigating Financial Risks

Robust internal controls implemented by healthcare accountants mitigate financial risks, ensuring the integrity of financial information and preparing organizations for external audits.

Integrating Accounting & Healthcare

The seamless integration of accounting acumen with healthcare expertise enables collaborative decision-making, addressing challenges such as health information technology and data integration.

Why Choose Velan for Healthcare Bookkeeping & Accounting Services?

Healthcare accounting is a complex task, so you need someone who is well-versed in managing your financial records. Velan’s suite of healthcare accounting services has a lot more to offer than you can imagine. Our goal is to simplify things for you. The following justifies hiring us:

Specialized Healthcare Expertise

Velan has a dedicated team with specialized expertise in healthcare accounting. Our professionals understand the nuances of the healthcare industry, including compliance requirements, unique financial challenges, and industry-specific regulations.

Accuracy & Precision

We prioritize accuracy and precision in our healthcare bookkeeping and accounting services. Our commitment to detail ensures that financial records are meticulously maintained, contributing to reliable financial reporting.

Customized Solutions

Velan recognizes that each healthcare organization is unique and has more compliance requirements than any other industry in the USA. Our services are designed to meet the specific needs and challenges of our clients, providing customized solutions that align with their goals and objectives.

Compliance Assurance

Staying abreast of the ever-evolving healthcare regulations is a priority at Velan. Our professionals are well-versed in compliance issues, helping healthcare organizations navigate the complex regulatory landscape and avoid potential pitfalls.

Advanced Technology Integration

Velan leverages cutting-edge accounting technologies to enhance efficiency and accuracy. Our use of advanced software ensures that healthcare bookkeeping is streamlined, allowing for real-time updates, precision, and data security.

Timely Financial Reporting

Velan ensures that our clients receive up-to-date financial statements, facilitating informed decision-making and strategic planning.

Cost-Effective Solutions

We offer cost-effective healthcare bookkeeping and accounting solutions, allowing you to optimize your financial management without compromising quality. Our services are designed to deliver value at reasonable prices.

Why Our Clients Trust Us

Testimonials

Our property management company has been working with Velan Bookkeeping for the past 5 months, and I'm quite impressed! Velan Bookkeeper is really knowledgeable, and helpful. They were able to take a lot off my plate, allowing me to focus more on providing excellent service to my clients. I would highly recommend their services.

Glen Allen

CEO, Property Management Company in San Francisco CA

The service is outstanding, and all of my requests are responded to promptly. I am completely certain that they will assist me in maintaining the figures, allowing me to interact with clients and build our management business. I strongly recommend Velan Bookkeeping for your bookkeeping requirements.

Kristy Burns

Property Manager, Property Management Company in Midland, TX

We have been working with Velan Bookkeeping for a few years, and they've been great! There was a massive amount of back reconciling that needed to be done because our previous accountant had abandoned us, but they persevered, accounted for all of the data, and now keep us up to date regularly.

Gilbert Flores

Manager, Real estate Company in San Diego, CA

Velan has been able to develop alongside us as we transitioned from a single product to a multi-product business. The team knows e-commerce enterprises and has industry understanding of the systems we should employ to make our bookkeeping go smoothly.

Patrick Adams

Co-Founder, E-Commerce Business Owner in Dallas, TX

We've been using Velan Bookkeeping for over a year now. Their team is really responsive; they assist with any complicated accounting concerns. They keep our books up to date, and we also enrolled in the plan that includes income tax filing, which is excellent. Highly recommended.

Jack Benzaquen

CEO, Healthcare Provider in Florida

News, Tips & More!

Bookkeeping case Study

NJ Chemical Manufacturer Trusts Velan's Accounting Services

Velan supports a New Jersey speciality chemical manufacturer with top-notch accounting services. Velan completes accounts receivables and payables on time with 100% accuracy and earned the client’s trust.

Michigan Property Management Firm Enlists Velan for Cleanup & Retainer Services

Michigan property owners rely on Velan for professional cleanup and retainer services. Discover how our trusted property management firm can assist you

Velan | Transitioning from Sage to QuickBooks for Service Firm

Velan Accounting Team assists a reputable service provider in transitioning from Sage to QuickBooks to optimize payroll, improve AP/AR, and increase workflow efficiency

Frequently Asked Questions

I’m a small healthcare business owner; do I need to outsource my accounting?

The size of your healthcare practice hardly matters when hiring an outsourced professional. Regardless of the size of your business, we recommend that you hire a professional to manage your books so that you do not have to constantly update yourselves about the updated regulatory policies, sorting your revenues, or maintaining impeccable financial records.

Is Velan’s Accounting Services near me?

We are outsourced service providers for accounting and bookkeeping in various industries. We have US and Indian offices. We have an adept team of accountants working for you 24/7. Should you have any questions or need something at any time of the day, our experts will get in touch with you and take care of your needs.

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Healthcare Accounting Services