Industry Overview
The healthcare and life sciences industry faces unique financial complexities, including regulatory compliance, insurance reimbursements, and international research funding. At Carter & Cohen Advisory, we provide tailored accounting and tax solutions to support medical practices, hospitals, pharmaceutical firms, and life sciences organizations in managing their finances effectively.
Key Challenges in Healthcare & Life Sciences
- Navigating tax implications of Medicare and Medicaid reimbursements
- Compliance with healthcare regulations and tax-exempt statuses
- Managing international research investments and tax reporting
- Cost optimization for medical practices and research organizations
How We Help the Healthcare Industry
- Healthcare Tax Compliance: Ensuring tax compliance for medical institutions and research facilities.
- Revenue Cycle Management: Assisting medical practices with insurance claims, billing, and financial planning.
- Multi-State Tax Filings: Managing tax obligations for healthcare providers operating across state lines.
- Research & Development Tax Credits: Helping biotech firms and research labs claim R&D tax credits.
Services Tailored to Healthcare & Life Sciences
- IRS Representation for Healthcare Organizations: Assisting in audits and regulatory compliance.
- Foreign Investment & Reporting Compliance: Managing international research funding and grants.
- Payroll & Compensation Planning: Structuring physician salaries, benefits, and profit-sharing.
- HIPAA & IRS Compliance Support: Ensuring adherence to healthcare data security and tax laws.
Why Choose Us for Healthcare Accounting?
Specialized Industry Expertise
Experience working with hospitals, clinics, and research institutions.
Compliance Assurance
Ensuring adherence to IRS, HIPAA, and healthcare tax regulations.
Strategic Tax Planning
Proactively managing tax obligations and maximizing available credits.
Financial Clarity for Growth
Helping healthcare providers optimize financial performance and expansion plans.