Bookkeeping and accounting services
for healthcare practice
More than ever, healthcare providers are now finding it challenging to invest a significant
amount of time taking care of their finances and day-to-day transactions. Since their core focus
remains on enhancing patient outcomes and delivering high-quality healthcare, they often overlook t
heir practice’s accounting needs.
Our accounting experts, with extensive experience in the healthcare space, assist doctors and
medical providers in improving profits, reducing operational costs and saving them time so they can
manage their practice optimally.
Finance Management Doesn’t Have to
be So Overwhelming
Here’s how Monily can help
Our team of professional bookkeepers is dedicated to handling your books, keeping them organized, accurate and timely with patient billing, insurance billing, payables, and payroll.
Our experts in invoice management keep track of all your payables, their due dates, and cash outflows so that you don’t have to worry about missed, late, or duplicate payments again.
Managing unwanted accounts aging, escalating number of AR days and claim denials is our superpower. We help you collect insurance and reimbursements quickly and conveniently to help you improve your cash flow.
Offload your payroll to our dedicated payroll experts who can take over the entire payroll process of your healthcare setup. Our automated processes ensure a smooth, accurate and on-time payroll workflow.
Bank and Credit
We provide end-to-end bank and credit card reconciliation services to healthcare providers, ensuring that all accounts are taken care of, maintained in real-time, and are in sync.
We handle all aspects of your cash flow management, including interactions with insurance companies, billing reviews and medical coding. This meticulousness and accuracy ensure your facility avoids billing backlog, costly coding or billing mistakes and sustains positive cash flow with no revenue leakages.
We deliver complete and timely financial statements to give you an accurate snapshot of the financial performance of your healthcare and help you make informed and data-driven strategic and operational decisions.
We can create various types of budgets for your healthcare, using a cloud-based platform with proven methodologies and automated analytics. Our financial projections based on advanced statistical forecasting techniques make a way for more precise action plans.
Our expert CFOs provide your clinic with a high-level financial strategy with candid feedback, financial guidance, and practical solutions to tackle financial challenges of solving razor-thin margins, raising capital, or preparing for growth.
Starting as low as a few hours per month, your dedicated controller will help you navigate the challenges of internal financial control, ongoing monitoring, accurate financial insights, and covenant reporting.
We help you preparing federal and state tax returns. Stay on top of your taxes with our best-in-class tax preparation services that include tax planning and consulting, new physician tax assistance, and updates in tax laws and accounting rules that may directly impact your practice and operations.
Reasons to Choose our
Keep your practice financial healthy with Monily expert accounting services.
Here are some of the reasons to choose us.
Timely, proactive and accurate financial solution is all you need for a thriving practice. Our financial advisors specialize in delivering reconciled accounting data to billing and creating financial statements.
We strictly adhere to the privacy and security standards established by HIPPA. Our stringent operational procedures ensure maximum confidentiality of your patients’ data.
time and money
Spend less time and money on overseeing administrative tasks, including payments and issuing timely payment reminders with Monily as we streamline your back office, end-to-end operations.
Our accounting experts have the ideal combination of talent, expertise, experience and knowledge of tools and techniques and are no less than a powerhouse that plugs right into your healthcare practice’s finances.
Stay up-to-date on medical coding changes, government regulations, and legislation. We can help you ensure compliance and improve coding accuracy.
Using sophisticated and industry-leading financial tools and technology, we keep track of all your claims and payments enabling you to increase your ROI, improve profitability and drive growth.