Outsource Healthcare Accounting Services
Outsourcing Business Solutions, where accounting excellence meets the unique demands of the healthcare industry.
As a leading provider of specialist accounting services, we are committed to assisting healthcare businesses in navigating the complex financial landscape with accuracy and efficiency.
At Outsourcing Business Solutions, we don’t settle for the ordinary. We bring a new perspective to accounting, developed exclusively for the healthcare industry.
AWARD-WINNING OUTSOURCING COMPANY
Unlock Financial Clarity and Success with Our Comprehensive Healthcare Accounting Services
Our industry-savvy staff combines extensive financial knowledge with a thorough awareness of healthcare legislation, revenue cycles, and the increasing intricacies that form your financial ecosystem. By partnering with Outsourcing Business Solutions, you gain access to a world of specialized experience, customized solutions, and unwavering support.
We go above and beyond to guarantee that your financial processes are optimized, compliance is maintained, and your emphasis stays on providing excellent healthcare outcomes.
Are you ready to embark on a breakthrough accounting experience tailored specifically for the healthcare industry? Contact Outsourcing Business Solutions immediately to give your company the financial strength it deserves.
We’ll take your accounting to new heights, accelerating your growth and leaving a lasting impression on the healthcare sector.
Get a FREE QUOTE!
Accounting Services for Multiple Industries
We Support Multiple Accounting Software
People Love Working With Us
Healthcare Accounting Services We offer
- Bookkeeping Services
- Reconciliation Services
- Account Payable Services
- Account Receivable Services
- Payroll Services
- Tax Preparation Services
- Cash flow and Budgeting
- Analysis and Reporting
Our Accounting Portfolio
Why Companies Like Yours Choose to Outsource Their Healthcare Accounting With OBS
OBS is well-versed in the complexities of healthcare reimbursement schemes such as Medicare, Medicaid, private insurance, and third-party payers. Our expertise in managing the complexity of reimbursement guarantees that your organization has precise financial tracking, efficient revenue capture, and minimal income leakage.
We have a thorough understanding of healthcare coding systems such as CPT, HCPCS, and ICD-10. Our staff assures accurate coding and billing processes, lowering the risk of claim denials, optimizing the management of revenue cycles, and maximizing compensation for your healthcare organization’s services.
OBS is knowledgeable about healthcare compliance regulations such as HIPAA (Health Insurance Portability and Accountability Act) and HITECH (Health Information Technology for Economic and Clinical Health). We assist your firm in maintaining strict compliance with patient privacy and data security requirements, limiting potential risks, and protecting your brand.
We specialize in producing accurate and comprehensive financial reports that are tailored to the specific requirements of healthcare companies. OBS gives clear and actionable insights into your organization’s financial performance, allowing you to make informed decisions, whether it’s generating balance sheets, income statements, or bespoke financial studies.
OBS recognizes the significance of integrating accounting systems with electronic health records (EHR) platforms. We have worked with a variety of EHR systems and can assist in streamlining data flows between accounting and clinical systems, assuring accurate financial data capture and decreasing administrative overhead.
OBS has a proven track record of servicing healthcare providers such as hospitals, medical groups, outpatient clinics, and specialty healthcare practices. Our experience working with a variety of healthcare businesses enables us to cater to the individual needs and problems of various provider types, ensuring that our accounting services are suited to your specific needs.
We assess your revenue cycle proactively to discover areas for improvement. We assist streamline your revenue cycle, reduce claim denials, and expedite cash flow by applying best practices and streamlining billing processes, eventually improving your organization’s financial performance.
OBS has extensive knowledge of value-based care models such as accountable care organizations (ACOs) and bundled payment agreements. We can help you track and analyze financial and quality parameters associated with value-based contracts, allowing you to measure and improve the financial success of your involvement in these models.
Our team works closely with healthcare professionals such as administrators, physicians, and practice managers. We understand the particular needs and perspectives of healthcare providers and collaborate to optimize financial operations, manage challenges, and promote the overall success of your organization.
OBS provides scalable accounting solutions that can expand with your company. Whether you’re a small clinic growing your services or a large healthcare system with many facilities, our adaptable services can meet your evolving demands, assuring constant and dependable financial support as your business grows.
Client's Testimonials
Suzzane, CEO
OBS has exceeded our expectations as a healthcare accounting service provider. Their team is dedicated, reliable, and proactive in finding innovative solutions to our financial challenges.
Peter, Manager
Outsourcing Business Solutions expertise in healthcare accounting and financial analysis has provided us with valuable insights into our financial performance and helped us identify areas for improvement.
Nathalia, CMO
By outsourcing our accounting to Outsourcing Business Solutions, we have been able to streamline our operations, reduce costs, and focus on our core mission of providing quality healthcare services to our community.
George, Co-Founder
Outsourcing Business Solutions has taken the burden of financial management off our shoulders and has consistently delivered accurate and comprehensive reports.
Roy, CEO
OBS team understands the unique challenges faced by healthcare organizations, and they have provided us with customized solutions that align with our business goals.
Eliza, Manager
Outsourcing Business Solutions helped us navigate complex regulatory requirements and ensure compliance with healthcare accounting and financial regulations.
FAQs
Healthcare accounting outsourcing is the process of collaborating with an outside accounting firm or service provider to handle a healthcare organization’s financial and accounting operations. This comprises bookkeeping, financial reporting, revenue cycle management, compliance assistance, and other duties.
Outsourcing healthcare accounting provides several advantages, including access to specialized expertise in healthcare finance and regulations, cost savings over hiring and training in-house accounting staff, improved efficiency and accuracy through advanced accounting technologies, and the ability to focus on core healthcare operations while experts handle financial tasks.
In the healthcare industry, accounting services such as bookkeeping, financial statement preparation, accounts payable and receivable management, payroll processing, tax planning and compliance, revenue cycle management, compliance support for healthcare regulations, financial analysis and reporting, and more can be outsourced.
Yes, credible outsourcing companies place a premium on data protection and confidentiality. To ensure the security and confidentiality of healthcare financial data, they implement robust security measures such as encryption, secure servers, restricted access to sensitive information, and compliance with data protection regulations such as HIPAA (Health Insurance Portability and Accountability Act).
Yes, outsourcing healthcare accounting to competent providers can aid in ensuring compliance with industry standards and requirements. These providers stay current on healthcare regulations and assist with the implementation of adequate financial controls, reporting processes, and compliance measures to reduce the risk of non-compliance.
Outsourcing healthcare accounting eliminates the need for in-house accounting employees to be hired and trained, which can be costly. Instead, healthcare organizations pay for the services they require on a contract basis, potentially saving money. Furthermore, outsourcing firms frequently use efficient methods and technology to cut operational expenses.
Outsourcing healthcare accounting ensures that financial information is accurate and timely, allowing healthcare businesses to make informed decisions. The outsourced provider can provide detailed financial reports, do financial analysis, and provide insights and recommendations to help healthcare businesses improve their financial management and strategic planning.
Healthcare organizations should consider factors such as the provider’s experience in the healthcare industry, expertise in healthcare accounting and regulations, security protocols, technology infrastructure, reputation, client testimonials, scalability to accommodate future growth, and ability to provide customized solutions to meet specific organizational needs when selecting an outsourcing provider.
Outsourced accounting services are helpful in the preparation and organization of financial records required for tax filings. They can produce financial reports, reconcile accounts, track deductible expenses, and offer the required documentation for tax compliance by keeping accurate and up-to-date books.
Many companies that provide bookkeeping services offer customized solutions to meet your unique business needs. The size of your company, the intricacy of your financial activities, any special reporting requirements, and any other preferences you may have can all be taken into account when tailoring their services to meet your needs.