Medical practices face sustained pressure from reimbursement changes, regulatory complexity, workforce demands, rising costs, technology risk and consolidation. PKF O’Connor Davies provides accounting, tax and advisory services to independent physician practices, multi-site groups, ambulatory providers, specialty practices and private-equity-backed medical platforms. We help practice leaders strengthen financial visibility, improve operating performance and evaluate growth, compensation and transaction decisions.
Medical Practice Advisors for Performance, Growth and Transactions
Running a medical practice requires disciplined financial management alongside patient care. Our professionals help physician owners and management teams evaluate profitability, internal controls, compensation, new services, partnership structures and investment decisions.
We also support practices and private-equity-backed platforms as they assess acquisitions, affiliations, valuations, operational priorities and the financial infrastructure needed for growth.
Meet Our Professionals
Kerry A. Serritella
Vincent Abbruzzese
Patricia Ciardullo
Scott Edison
David Marks
Accounting, Tax and Advisory Services for Medical Practices
Accounting and Assurance
Our accounting and assurance services help medical practices strengthen financial visibility and controls through:
- Financial reporting and accounting support
- Budgeting, forecasting and cash flow analysis
- Internal control assessment and remediation
- Practice performance and financial analysis
- Management and partner reporting
- Risk assessment and financial process improvement
Tax Planning and Compliance
Our tax professionals assist medical practices and physician owners with:
- Federal, state and local tax planning and compliance
- Tax optimization strategies
- Entity and partnership tax considerations
- Partner admission, retirement and ownership-transition planning
- Compensation and employee benefit tax considerations
- Tax planning for acquisitions, sales and private equity transactions
Advisory Services
Our advisory services support strategy, operations and transactions through:
- Operating performance improvement
- Compensation plan optimization
- Development of auxiliary services and synergistic specialties
- Feasibility studies
- Partnership agreement modifications
- Outsourced finance and CFO-level support
- Cybersecurity and technology risk advisory
- M&A due diligence and transaction support
- Practice and business valuations
- Private equity and platform-growth advisory
Medical Practice M&A and Private Equity Advisory
Physician practices considering a sale, acquisition, affiliation or private equity partnership need a clear view of financial performance, valuation, tax structure, compensation and post-transaction priorities. PKF O’Connor Davies supports practice owners, management teams and investors with due diligence, valuation and transaction advisory services designed to inform consequential decisions.
Explore our Transaction Advisory, Valuation and Private Equity capabilities.
Financial and Operational Support for Growing Medical Practices
As practices add locations, specialties, providers or investors, reporting and operational demands become more complex. Our team can coordinate outsourced finance, performance improvement, cybersecurity and risk advisory services to help leadership build a stronger foundation for growth.
Learn more about CFO Solutions, Operational and Cost Effectiveness and Cybersecurity and Privacy services.
The Medical Practice team is part of the firm’s broader Health Care practice, which also serves dental practices and other provider organizations across the health care ecosystem.
Discuss Your Medical Practice’s Financial and Strategic Priorities
Whether your practice is improving performance, refining compensation, expanding services or evaluating a transaction, contact our Medical Practice team to discuss how we can help.
FAQs
What accounting services does PKF O'Connor Davies provide to medical practices?
Services include financial reporting and accounting support, budgeting and forecasting, internal control assessment, practice performance analysis, management reporting and related financial-process improvements.
How can the team support medical practice profitability and operating performance?
The Medical Practice team can help practices evaluate opportunities to strengthen financial and operating performance through services such as operating-performance analysis, compensation planning, development of auxiliary services, feasibility studies, financial forecasting and risk mitigation.
Does PKF O'Connor Davies advise medical practices considering private equity?
Yes. The team supports physician practices, medical groups and private-equity-backed platforms with due diligence, valuation, tax planning, transaction support and post-transaction financial and operational priorities.
What types of medical practices does the team serve?
The team serves independent physician practices, multi-site groups, specialty practices, physician owners, ambulatory providers and private-equity-backed medical platforms.