Cost and financial accounting services.

Our cost and financial accounting services provide you with precise insights into your expenses and revenues, empowering you to optimize efficiency, enhance profitability, and make confident, data-driven decisions.

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Services

Financial Accounting

We help you easily manage and organize your financial operations. We track your income and expenses and automate essential reports like income statements and balance sheets. With Society Health, you stay on top of cash flow, manage incoming payments from insurance and other sources, and keep your practice’s finances in order—all while reducing administrative tasks.

Categorization.: We help you categorize your healthcare expenses with precision, giving you clear insights to optimize resource allocation, reduce inefficiencies, and improve your financial sustainability.
Bank Reconciliation.: We ensure your financial records are accurate and up to date, giving you confidence in your cash flow management and helping you identify discrepancies quickly to maintain financial stability.
Reporting and Recommendation.: Every month we generate an income statement, balance sheet, and statement of cash flows that provides you with a clear and comprehensive view of your financial health, helping you understand key trends and make informed decisions to keep your operations on track.

Income Analysis

There is a total of $1,110,914.00 in billing outstanding. High AR aging delays cash flow, increasing costs and lowering the value of your business. We should look deeper at inefficiencies and potential bad debts, which is dragging down our enterprise value.

Everything you need

Healthcare Accounting

Our accounting service provides critical financial insights—AR aging, cash flow, collections, denial rates, expense tracking, and profitability reporting—to enhance your medical practice’s revenue and efficiency.

AR Aging Analysis: Identifies overdue accounts to prioritize collections and improve cash flow management.
Days Cash on Hand Reporting: Monitors available cash reserves to maintain financial stability and guide spending decisions.
Accounts Receivable Days Reporting: Tracks how quickly payments are collected, highlighting areas to improve the billing process.
Collection Rate Tracking: Measures the effectiveness of payment collections to optimize revenue recovery efforts.
Denial Rate Analysis: Pinpoints claim rejection patterns, enabling targeted actions to reduce denials and boost revenue.
Expense Categorization and Tracking: Provides detailed insights into spending to identify cost-saving opportunities and optimize budgeting.
Profit and Loss Reporting: Offers clear visibility into income and expenses, aiding in decision-making to enhance profitability.
Cash Flow Forecasting: Projects future cash inflows and outflows, helping practices plan for growth and avoid financial shortfalls.

Need historical accounting?

We pair you with expert accountants to get your books up-to-date.

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