Healthcare Accounting
HIPAA-compliant financial services for medical practices, clinics, and healthcare organizations. Revenue cycle management and medical billing expertise.
Why Healthcare Accounting Requires Specialists
Healthcare organizations face accounting challenges that most general bookkeepers are not equipped to handle. Insurance reimbursements create complex AR cycles with denial management and appeals. Multi-location practices need consolidated reporting that breaks down performance by provider, department, and facility. HIPAA regulations add a layer of data security requirements that must be embedded into every process. Our healthcare accounting team brings deep industry expertise to every engagement. We manage your full revenue cycle — from patient billing through insurance collections to payment posting. We track receivables by payer class, prepare physician compensation models, and deliver the compliance-ready financial statements your board and regulators expect. Every team member is HIPAA-trained, and our systems meet healthcare data security standards.
Healthcare Accounting Challenges We Solve
Common Challenges
HIPAA Compliance for Financial Data
Patient financial information falls under HIPAA protections. Any accounting process that touches patient data must meet strict security, access control, and audit trail requirements.
Revenue Cycle Complexity
Healthcare revenue starts with charge capture, moves through coding, claim submission, payer adjudication, denial management, and patient collections — a multi-month cycle with dozens of failure points.
Insurance Reimbursement Tracking
Managing receivables across Medicare, Medicaid, commercial payers, and self-pay patients requires payer-specific knowledge and constant follow-up on denied and underpaid claims.
Multi-Location Financial Consolidation
Medical groups with multiple clinics need location-level P&Ls, provider-level productivity metrics, and consolidated reporting — all while maintaining entity-specific compliance.
Regulatory Reporting Requirements
From cost reports to quality metrics to Stark Law compliance, healthcare organizations face reporting requirements that most accounting firms are not equipped to handle.
How Plenexia Solves Them
HIPAA-Compliant Data Handling
Our healthcare team operates under HIPAA-compliant protocols: encrypted data transfer, role-based access, BAAs in place, and every team member HIPAA-trained and background-verified.
End-to-End Revenue Cycle Support
From charge capture verification through claim follow-up and denial management, we support your entire revenue cycle with payer-specific expertise.
Payer-Class AR Management
We track receivables by payer class — Medicare, Medicaid, commercial, and self-pay — with aging analysis and collection strategies tailored to each payer type.
Consolidated Multi-Location Reporting
Location-level and provider-level financial reporting that rolls up into consolidated statements, giving management both the detail and the big picture.
Compliance-Ready Financial Statements
Financial statements prepared to meet the specific requirements of healthcare regulators, Medicare cost report preparers, and healthcare-focused auditors.
Ready for Expert Healthcare Accounting?
Get a dedicated virtual accounting team who understand the unique financial requirements of your industry — serving organisations in the US, UK, Australia, and UAE.