Health care practices are an exceptionally unique type of business. Not only is the business model exclusive to the industry, the intricacies of the health care system in the United States add ever-changing complexities. And we’re right on top of it!
Health care practices have been part of our business for more than 50 years, and we have the expertise to prove it. Our team of health care advisers has the experience to help you in the core areas of your practice. We continue to look to the future of health care by staying abreast of new issues that impact your practice. Our health care specialists maintain credentials, such as Certified Healthcare Compliance Consultant (CHCC), which ensure your practice is getting insights from advisers who know your industry and how to operate a practice.
Running a practice today means running a business more than ever. Having the right advisers that understand your business allows you to run your practice.
Accounting, Tax and So Much More
The needs of a practice don’t stop at balancing the books and filing a tax return. They go beyond financial statements and accounts receivable, and further than projections and cash flow. Each report or procedure is paramount in its own right, but when all of a practice’s financial needs are in sync, including the individual needs of ownership and management, the result is much greater. This is why Kolb+Co. has built the breadth of its services to include functions such as payroll processing, retirement plan design and administration, technology consulting and individual financial planning, risk management and wealth management.
Outsourced Practice Management
Answering to the forces that act on a practice on a daily basis – patients, supplies representatives, compliance requirements, government regulations, payers and so on – is a big job that requires time and expertise, and decisions many times benefit from the objective opinion of a third party.
Our advisers know the health care industry and take great care in getting to know your practice. The years of expertise and resources Kolb+Co. health care advisers bring to your practice can assist you with many practice management issues: compliance, personnel and human resource management, strategic planning, succession planning, marketing, reimbursement and work flow.
Starting any type of business is a great undertaking and a health care practice is among one of the greatest and most rewarding.
One of the key factors in starting a practice is ensuring you have advisers you trust and who know the industry. You will find both at Kolb+Co. We’ll help you get up and running, so you can do the same for your patients.
Health Care Industry Organizations
We are active members in a number of health care organizations throughout the region in order to stay up-to-date with current issues.
Health Care Advisors Association (HCAA)
Illinois Medical Group Management Association (ILMGMA)