Medical & Allied Health

Specialised Medical Accounting In The Gold Coast & Brisbane Region

We are your dedicated medical accounting service in the Gold Coast and Brisbane region. Our commitment to healthcare is ingrained in every part of our services. Are the demands of patient care consuming your days, leaving little room for strategic business growth? Do you find yourself struggling with inadequate internal systems or lacking of them altogether? With our business advisory, medical tax expertise, and unwavering health sector passion, we are your go to medical accounting services. Contact us today for more information.

Navigating the complexities of medical accounting demands a level of expertise that goes beyond standard financial management. The healthcare sector presents a unique set of challenges, including intricate billing codes, insurance reimbursements, compliance with healthcare regulations, and ever-evolving tax laws. As Brisbane & Gold Coast business advisors and medical tax accountants, we live and breathe health.

Having worked with diverse businesses within the health industry, we have genuine experience with the opportunities and the challenges you face.

The good news is all these challenges can be solved with intelligent, timely business advice and support. Contact us today to discuss your medical practice, or medical professional accounting needs.

Here’s how we can help you

Analysing costs and improving efficiencies

We’ll help you understand your business data by explaining it to you in plain English. Once you understand it, we’ll work with you to identifying and implementing opportunities for process improvement and cost reduction.

Getting your industry-specific software to work for you

Instead of struggling with software you don’t understand, we’ll help you develop fluency in your programs and maximise their value. We’ll even train your team so they can work with system with confidence too.

Analysing risks

We’ll move you from ‘fingers crossed’ to a confident understanding of your risks and how to manage them.

Strategic planning

Working together we’ll help you gain the confidence and courage to step back and act more strategically in your business.

We understand the complexities of the health sector – revenue management, appointment, Medicare, staff and IT systems. Our approach means we work closely with your team to streamline services, improve efficiencies and provide real-time reporting.

When you work with us, you don’t just get the Accorti team. We also open up our network of referral partners to the health practices that we work with, including specialists, general practitioners and allied-health practices. Completely independent and referral fee free, we encourage our clients to access the best advice possible for their specific business and industry.

Why not speak with an Accorti business advisor today.

1300 696 585

Other Industries Expertise

Construction

Client business restructure, tripling QBCC Maximum Revenue and allowing for Growth.

Tourism

Improved operating efficiencies, resulting in a 30 percent profit increase per annum.

Property

Assisted with project structure, finance and delivery to improve net realisable value by 45 percent.

Business Advice

Joint venture established to enable opportunity to go-live and succeed rather than fail.

Tax

Reduced client’s tax by 50 percent.

Payroll

Manage bookkeeping payroll function leading to improved efficiencies and 40 percent reduction in administration costs.

Success Stories

Commercial Construction

Construction

Challenge

Client had future work substantially in excess of their approved QBCC Maximum Revenue requiring client to turn away work.

How we solved it

We reviewed their business structure and implemented a restructure of operations

Outcomes achieved

QBCC Maximum Revenue increased threefold to enable contracts to proceed, boosting business income and profit

Services provided

Strategy, QBCC Annual Reporting, Structuring, Financial Reporting

Hotel Operator

Property

Challenge
Establish a finance function for new hotel integrating bookings, cafe/restaurant, in-room entertainment systems to enable streamlined reporting and payment systems

How we solved it
We looked at a range of front-of-house booking systems, CRM and POS systems, as well as various back of house accounting software. We helped the client settle on their preferred providers and assisted with implementation and integration of systems and various merchant facilities.

Outcomes achieved
Streamlined, integrated, data rich systems enabling efficient reporting and minimise administrative costs.

Services provided
Process and systems review, systems implementation and training

Golf and country club

Property

Challenge
Poor profitability across business

How we solved it
We implemented a strategic review of business to identify goals and actions. We discovered a legacy accounting system which was slow, difficult to use and provided no oversight of where or why profitability was impacted. We implemented a software upgrade to improve oversight, reporting and efficiency, enabling a reduction in administration staff. We also identified several opportunities to diversify income streams and boost business value. We developed a strategic plan for the next 3-5 years to roll-out these income streams and business units.

Outcomes achieved
Improved profitability, reporting, reduced costs and implemented change in operations. Business owners clarified strategic direction and action plan to increase long-term business value

Services provided
Strategic planning, cost review, processes and systems review.

Construction

Challenge
Client operated as a services trade to construction industry. The business had poor profitability and cash flow.

How we solved it
The Accorti team reviewed the internal business systems and processes. Working together, we updated the accounting systems to enable real-time job and cash flow reporting, allowing the business owner to understand the business’ financial position at any time. To help manage cash flow better, we established a payment collection process that was enabled to support various payment methods.

Outcomes achieved
Business owner was equipped to see where they were losing money, understand the reasons why and implement remedial action leading to cost reduction and timely payment collection.

Services provided
Bookkeeping, business processes and systems review, financial reporting, business advice

Caravan Park Operation

Tourism

Challenge
Business owner operates several caravan parks located in remote areas and was seeking a way to monitor management and operational performance because they were not physically based at business sites.

How we solved it
We identified and implemented strict controls and delegated authority and duties between site management and business owner. Business accounting function relocated to the Accorti office, enabling the business owner line of sight across business.

Outcomes achieved
Improved financial reporting, improved cash control, reduced business risk, improved management performance.

Services provided
Outsourced accounts, financial reporting, risk management

Commercial Property Investor

Construction

Challenge
Client was experiencing financial distress due to failure of a business, putting related commercial property portfolio at risk.

How we solved it
Worked with client and other advisors to quarantine assets from legacy issues.

Outcomes achieved
Protected significant property holding from potential claims, enabled repayment of bank debt in full and secured long-term tenants providing income stream for owners in retirement.

Services provided
Strategy, business advice, risk management