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Navigating Financial Success Together

Comprehensive financial management for sustained success.

About Med Firm

Medical practitioners and their healthcare businesses face daunting challenges with their accounting, tax, and business advisory needs. After spending many years in school mastering their profession, doctors are inundated with providing exceptional patient care while navigating rigorous legal requirements such as HIPAA. On top of that, they manage the performance of their employees to avoid lawsuits and malpractice. This overwhelming workload often pushes accounting, tax, and business advisory tasks to the back burner, leading to unpleasant financial ramifications in the long run, hence the existence of Med Firm.

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The Pain Points

Medical providers frequently struggle to find CPAs, accountants, fractional CFOs, and business advisors who truly comprehend their profession and possess the experience to support their unique needs. They require advisors who can offer sound, specific advice tailored to the intricacies of their industry. This lack of specialized support is often cited as one of their greatest pain points.

Lack of Specialized Knowledge

Medical providers and their businesses often struggle to find CPAs, accountants, fractional CFOs, and business advisors who understand their profession and have experience supporting their type of business.

Unmet Specific
Needs

Traditional financial professionals may not offer sound advice tailored to the unique and specific needs of the healthcare industry.

Empathy
Gap

Many financial advisors fail to empathize with the unique challenges and pressures faced by medical and healthcare professionals

Our Solution

Med Firm LLC was founded to address these specific challenges. As a venture-backed accounting firm specializing in the medical and healthcare industry, we possess the experience and understanding necessary to navigate the unique and specific challenges these businesses face. Our mission is to be the flagship accounting firm supporting medical and healthcare businesses, providing solutions, services, Customized, practical, and expert financial solutions tailored to meet the unique needs of privately held healthcare practices and their leadership teams.

Our Service

Accounting Services

Reliable Reporting for Better Decision-Making: We provide accurate, timely financial reporting, including monthly P&L statements, Balance Sheets, and Cash Flow Statements. This reliable data allows Med Firm to focus on strategic growth while maintaining a clear financial overview.
Expert Support and Clean Books: Our team ensures that your books are squeaky clean, organized, and aligned with your business needs. We customize our approach to your specific industry requirements, enabling you to operate more effectively and confidently.
Streamlined Integrations: We synchronize your preferred financial tools seamlessly into our systems, ensuring a hassle-free, efficient monthly bookkeeping process.

Business Advisory Services

Our business advisory services are designed to help privately held healthcare businesses navigate the complexities of today’s industry. We understand that running a healthcare practice involves more than just providing care—it requires a strategic approach to financial management, regulatory compliance, and operational efficiency.
Our expert advisors offer tailored insights to help you optimize performance, streamline operations, and plan for sustainable growth. With our guidance, you can make informed decisions that strengthen your business, improve profitability, and ensure long-term success in a rapidly evolving marketplace.

Fractional CFO Services

Advanced Financial Planning and Analysis: Our expert CFO team supports you with building financial models, budgeting, forecasting, and fundraising preparation. We provide strategic insights tailored to help Med Firm grow from a small practice to a larger entity.
Scenario Planning and Decision-Making Support: We help you navigate critical decisions by providing scenario-based planning, such as Base, Bull, and Bear Case scenarios, ensuring Med Firm is prepared for various market conditions.
Expense Management and Scaling: Our CFO services include cash management strategies, expense tracking, and optimizing your financial operations to free up liquidity and maximize efficiency.

Tax Services

Comprehensive Tax Preparation and Compliance: We handle all aspects of tax filing for Med Firm, including business income tax returns, 1099 filings, and state-specific filings. Our dedicated tax preparer will ensure you remain compliant with all federal and local regulations.
Streamlined Online Tax Process: With our seamless online process, you will have real-time access to your tax filing status, ensuring peace of mind and allowing you to focus on your business.

Business Valuation Services

Our business valuation services are essential for privately held healthcare businesses seeking to make informed decisions about growth, succession planning, or transitioning ownership. Accurate valuations provide a clear understanding of a company’s financial health and market position, which is crucial for strategic planning, securing financing, or negotiating mergers and acquisitions. With our in-depth knowledge of the healthcare industry, we provide valuations tailored to the unique challenges and opportunities in this sector, ensuring that your business is positioned for long-term success and stability.

R&D and Other Tax Credits

Maximize Your R&D Tax Credits: Med Firm can save significantly through R&D tax credits. We manage the entire claims process—from identifying eligible expenses to filing the required paperwork with the IRS—so you can benefit from potential savings of up to $500,000.
End-to-End R&D Credit Service: Our services cover everything from conducting an R&D tax study to preparing and submitting the necessary documents to the IRS, providing a stress-free way to claim these credits