Healthcare Practice Management Associates (HPMA)

Healthcare Practice Management Associates (HPMA) is devoted exclusively to serving healthcare professionals. Our staff has extensive training and experience in healthcare management and a commitment to continuing education. Our services program is comprehensive and designed to help you thrive in a rapidly changing business environment. Whatever your business, we can assist you in reaching your financial goals.

We can assist a healthcare practice in the following areas:
Accounting and Bookkeeping
Billing and Accounts Receivable Management
Comprehensive Financial Planning
E-business Consulting/Web Page Design and Presence
Employee Benefits and Retirement Planning
Financial Management
Financial Products Brokerage
Personnel Management
Practice Management
Practice Start-up Consulting and Incorporation
Tax Planning and Preparation

Accounting and Bookkeeping
Our accounting service is designed to meet the needs of the busy professional; this service promotes effective decision-making and goal achievement through the study and analysis of financial statements and other financial reports.
We offer monthly financial statement preparation reconciliation of bank statements and preparation of other financial reports as requested. These reports provide the fundamental basis for analyzing practice operations and for making fiscal projections and for physician groups, they are tools for calculating individual entitlements.

As part of our services, we can also process accounts payable and provide payable review services. This can relieve pressure on your staff. We can receive payments and process the accounts payable and also make fixed monthly payments. The payroll review service includes examination of payroll reports and encoding of the same in the bookkeeping system.

Billing and Accounts Receivable Management
Billing clients can have access to our computer system, which is specially equipped to meet needs of healthcare practices. We also provide the expertise of trained personnel who are familiar with the codes and regulations in medical billing services.

Accounts receivable management service includes review of billing procedures, accounts receivable processing and the effectiveness of collection follow-up.
Our service allows you to avoid making a significant capital investment in computer hardware and software requiring periodic upgrades and replacement, eliminates the need for uniquely skilled, highly-paid and hard-to-find staff, and minimizes administrative and supervisory responsibilities within the practice.

Comprehensive Financial Planning
For both the business owner and the practitioner, comprehensive financial planning and implementation can result in greater success. Our financial planning and budgeting services are designed to be a road map for the future. The practitioner also needs to plan for retirement or for the recruitment of new associates. By financial planning and projections, we can make provision for such events. Individual planning can also provide the financial resources for a comfortable retirement. Our services can assist a practitioner in realizing such goals.

E-business Consulting/Web Page Design and Presence
In today's environment, every business needs its presence on the information superhighway. We can assist you not only in placing your business where it will be noticed, but also in handling the routine management, marketing and operations of your business on the World Wide Web. Our services also include web page development, hosting and maintenance, email accounts and assisting you in choosing and placing your web site with the appropriate search engines. We can assist you in providing a complete E-business solution for your organization.

Employee Benefits and Retirement Planning
Employee benefits and retirement planning services can enhance the benefit package offered to employees. In today's competitive job market, an employer needs to offer every good employee benefits and retirement benefits package we can help you design and implement such a package.

Financial Management
Financial management services include evaluation, development and implementation of internal financial controls. We can also assist in the research and recommendation of financing options, as well as preparation and submission of the financing applications.

Financial Products Brokerage
As a value added service and for a client's financial planning purposes, we can also place financial products. Financial products are placed only after a careful evaluation of the client' objectives, risk tolerance and suitability of such investments.

Personnel Management
We can assist you in personnel management through preparation and implementation of personnel policies and operations policies. We approach employee recruitment in several stages and can assist you in all or any part of the process. The recruitment process includes interviews and final recommendations to management. Our services can also be utilized for performance reviews and disciplinary actions.

Practice Management
Practice management includes a comprehensive review of your practice, followed by analysis, recommendations and implementations. Our experienced staff is adept in problem solving and can provide continuing services tailored to your needs.

Practice Start-up Consulting and Incorporation
We can assist practitioners in the start-up of a new practice or in the reorganization of the current practice. Our services include incorporation work, correspondence with governmental authorities and establishment of bank accounts. We can also assist in the development of business and marketing plans.

Tax Planning and Preparation
These services are designed to provide our clients with revenue analysis and tax planning service; we prepare tax projections and recommend strategies to legally minimize the tax liability. Our focus is set firmly on the conservation and development of our clients' net worth. Tax preparation and processing service includes preparation of federal and state tax returns. We can also assist practitioner and employees in individual tax planning and preparation.

We offer diversified services to assist you in the management of your practice. We are confident that the use of any or all of our services can contribute to your organization's profitability and add to your success.