Physicians | Medical Service Providers & Intermediate Care Facilities
The cornerstone of Penan & Scott, P.C.’s success in providing professional services emanates from our commitment to the entrepreneurial approach to business.
Physicians | Medical Service Providers
Our professionals offer a variety of financial solutions for physicians. We work with single, small, and medium general and specialty physician practices. We also work with veterinarians and animal hospitals. Our dedicated staff possess exceptional industry knowledge. Our expertise and services include:
- Assistance in buying and selling medical practices
- Financial statement preparation including audits, reviews and compilations
- Business and financial consulting and planning
- Debt structuring
- Tax planning and return preparation
- Preparation of financial projections
- Retirement and pension plan design and implementation
Intermediate Care Facilities
We provide financial solutions for Medicaid providers that service the physically and mentally challenged and nursing homes in residential settings that provide 24 hour/7 days per week patient care.
Specific rules govern cost allocation for managing these facilities, including expenses that can and cannot be reimbursed. Well-executed, cost reimbursable contracts allow businesses the maximum receipt of funds. Poorly executed cost reimbursable contracts may result in a loss of income to a facility if it becomes necessary to return Medicaid funding. Our dedicated staff provides expertise in intermediate care facilities as follows:
- Budget planning
- Cost report planning and submission
- Financial statement preparation including audits, reviews and compilations
- General business consulting
- Tax planning and return preparation
- Financial analysis and projections
Through responsive, creative, strategic planning and reasonable, competitive pricing, we apply innovative solutions to solve your issues and challenges.