Friday, October 4, 2013

Accountants Advised to Pursue Physician Clients

With the opening of health insurance exchanges and marketplaces this week under the Affordable Care Act, accountants and other professional service providers are being urged to pursue doctor’s offices as clients, especially as the prognosis for their financial health is expected to remain positive.

Sageworks, a provider of financial data on private companies, recently diagnosed the average ratios for privately held doctors’ offices and found the vital signs for their financial health appear to be remarkably strong. Looking at the private company financial statements of physician offices in the past 12 months, Sageworks found they were growing revenue at a steady, consistent pace, up 5 percent compared to the previous year.

To read full article click here

Source: Michael Cohn,

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