SMC
Financial Services

Financial Management

Sterling Medical Consultants has designed its Financial Management service to ensure that the physicians are continuously aware of the financial position of their practice. During our engagement our staff will work with the physicians to prepare financial budgets and comply with all government and regulatory requirements for the practice. Additionally, we will work with all local health plans to obtain or review reimbursement contracts. Our staff will work with the physicians to establish regular financial reporting options. The financial services include the following items:

• Payroll processing partnered with Automatic Data Processing.
• Mange accounts payable process
• Cash management services
• Manage vendor contracts and relationships
• Manage supply ordering and receipt process
• Maintain general ledger and other financial information
• Monthly financial statement presentation
• Financial analysis and reporting
• Manage care contract review and negotiation
• Preparation of monthly, quarterly and annual tax returns
• Preparation of annual operating and capital budgets
• Analysis of new services or business opportunities
• Strategic planning