Healthcare Accounting Services
The healthcare sector is dedicated to providing optimal patient outcomes. At Cogneesol, we are committed to optimizing the financial, accounting, and tax well-being of your medical practice. For the past 15 years, our company has been delivering insightful and solutions-oriented healthcare accounting services to various hospitals, physicians, dental and group practices, and several other healthcare systems. We help you reduce your operational costs, increase profits, save time, and manage your business effortlessly.
When it comes to accounting for the healthcare industry, we will look after your bookkeeping, handle your cash flow, manage tax preparation, process payroll, and present you with structured financial reports. Our healthcare accounting solutions will help keep up with a practice that runs effortlessly, allowing you to provide medical services to your customers at the highest-possible levels.
"Cogneesol streamlined our accounting practices and now guide us on effective RCM."
- A Private Medical Practice, Ajax, Canada
Our Healthcare Accounting and Bookkeeping Services
- Bookkeeping Services
- Accounts Payable (Procure-to-Pay)
- Accounts Receivable (Quote-to-Cash)
- Account/bank Reconciliation Services
- Cash Flow Management
- Budgeting and Forecasting
- Financial Reporting
- Payroll Processing
- Tax Preparation
- General Business Consultation
We Support Multiple Accounting Software
With expertise in every accounting software and platform, our team of highly skilled professionals offer fast learning curves and swift implementation of solutions.
Every Business is Unique. Find Out How We Can Help Yours.
Contact UsOur Key Differentiators
Accounting in healthcare is not easy; however, we at Cogneesol guarantee healthcare businesses with the following advantages:
Reduced Costs
When you outsource bookkeeping & accounting for your healthcare business to Cogneesol, you are likely to save total accounting costs up to 40%.
Improved Quality
As our highly qualified, skilled, and experienced accountants will handle your accounts and financials, your financial data & reports will be adequately accurate.
Ensured Conformity
Our accountants frequently get updated about changes in accounting standards and can help to keep your business in compliance with dynamic accounting regulations.
Improved Performance
When Cogneesol becomes your accountant, you get a good amount of time to focus on your healthcare practice, leading to improved performance.
Guaranteed Transparency
We will provide you with accurate financial data of your healthcare practice, which will help you get useful insights into its financial situation.
Timely Closing of Books
As we streamline your accounting and bookkeeping processes, and complete the tasks within the decided timeline, it will help you close your books on time.
Who We Serve
Medical practices
Veterinarians
Physician communities
Chiropractors
Home medical care
Surgical & imaging centres
Hospice and long-term care
Mental healthcare
Physical therapists
Pharmacies
Optometrists
Our Promise in Healthcare Accounting
Our team, which comprises experts in accounting for hospitals and other healthcare facilities, has been providing personalized services responsive to your needs for several years.
We are committed to helping you attain success within your healthcare practice. Our unparalleled domain expertise, a strong passion for our work, along with years of experience in this field, puts us in the ideal position to fulfill all your accounting, tax, and consulting needs. When you hire Cogneesol, you get:
- Vast industry-specific experience
- Skilled and experienced professionals
- High-end data security processes & state-of-the-art infrastructure
- Cost-effective services with flexible payment options
- Timely completion of projects
- Round-the-clock operations and support
- Technologically up-to-date processes and systems
Our Resources
We help our clients navigate from where they are to where they aspire to be through our always-on learning agenda in the form of client stories and blogs covering the latest industry trends.
![Real Estate Accounting Hurdles: Top Challenges and Solutions [Infographic]](https://www.cogneesol.com/blog/wp-content/uploads/2023/05/MicrosoftTeams-image-8.jpg "Real Estate Accounting Hurdles: Top Challenges and Solutions [Infographic]")
Client Testimonials
It is always a pleasure to learn that the work we do has positively impacted our clients and that they are happy to share their experiences.
Our nursing home needed a good team of accountants that would comply with our laws while maintaining our books of accounts. Cogneesol’s teams do that at extremely reasonable price points. They have been our accountants for the last seven years. But their services have been the most valuable through the pandemic when we grappled with increased patient care. Thank you, guys!
Cogneesol helped my medical support business turn GAAP compliant. With books of accounts in order, they now help me with the business’s revenue cycle management. I have been able to use my funds most judiciously with their RCM guidelines. They are a bunch of expert professionals who are aware of applicable regulations, and are best suited to guide a growing business.
Cogneesol’s healthcare industry team of accounting experts have deep understanding of the medical and healthcare domains. They took over our accounting, tax computations and filings, leaving us with quality time to pursue patient care and practice growth. They also help us with financial reporting, fund status and requirement statements and related regulatory compliance.
