Running a medical clinic is about more than patient care — it’s also about managing complex finances, strict healthcare regulations, and timely tax filings. At PRC Accounting & Tax Partner, we specialize in accounting services tailored for healthcare professionals and clinics.

Here’s how we helped a local Greenville-based medical clinic reduce compliance risks, streamline finances, and focus on what they do best — serving patients.

The Problem: Compliance Risks and Financial Disorganization

A well-established clinic approached us with major concerns:

• Inconsistent bookkeeping and outdated financial reports

• Missed quarterly tax filings and growing IRS notices

• No tracking of insurance reimbursements vs. actual collections

• Difficulty managing payroll and employee benefit deductions

These gaps put the clinic at risk of non-compliance, staff dissatisfaction, and financial mismanagement.

Our Solution: Healthcare-Focused Accounting System

We developed a customized accounting system to meet the unique needs of medical practices, including:

• Accrual-based bookkeeping to track receivables and reimbursements

• Payroll setup with healthcare-specific benefit deductions

• Monthly financial statements (P&L, balance sheet, cash flow)

• HIPAA-compliant financial processes

• Quarterly tax preparation and filing

• Expense tracking for medical supplies, equipment, and insurance billing

The Results: Peace of Mind and Financial Clarity

In less than 90 days, the clinic saw remarkable improvements:

• IRS notices were resolved with accurate and timely tax filings

• Increased financial visibility helped reduce overhead by 10%

• Payroll was fully automated with no errors

• Doctors could finally focus on patient care — not paperwork

Why Medical Practices Need Specialized Accounting

Medical businesses face industry-specific challenges:

• Third-party billing and reimbursements

• Payroll with multiple departments and benefit types

• Regulatory compliance (HIPAA, IRS, state boards)

• High-value equipment and depreciating assets

Having an accountant who understands healthcare finance is not optional — it’s essential.

Let PRC Accounting Support Your Healthcare Practice

We proudly serve clinics, private practices, dentists, and wellness centers across North Carolina with:

• Bookkeeping & tax compliance

• Payroll & employee benefits management

• Financial reporting and planning

📍 PRC Accounting & Tax Partner
S6 426 Beasley Dr, Greenville, NC 27834
📧 office@prcaccounting.com
🌐 www.prcaccounting.com