Medical professionals and practices

MEDICAL
 
 

MEDICAL PROFESSIONALS AND PRACTICES

Medicalhealth_image.jpg
Medical
 

MEDICAL

 

Health Services by RSM

 

Medical Accounting Services and Business Advice.

As the operator of a medical business, your time is precious.

Tax and accounting expertise can streamline your medical business processes, maximise profit and overcome your unique industry challenges every day.

Medical business advice

With the uncertainty around Medicare reforms putting pressure on the efficiency of your practice, we believe that the right strategy is needed to help general practitioners adopt a practice model that will provide a sustainable business for the future. At RSM, we understand your specific needs.


We dig deeper to truly understand every client and the business environment they’re operating in and by doing so, we identify emerging opportunities and pre-empt challenges with the right solutions.

 

KEY CONTACTS

 

Peter Nicol
National Director,
Medical
T: +61 2 6057 3000

[email protected]

 

Arlene Kristianto
Director,
Business Advisory
T: +61 2 8226 4619

[email protected]

 

Jason Hennessy
Director,
Business Advisory
T: +61 8 9432 3100

[email protected]


 

RSM Australia and CMH Practice Management announce partnership
 
 

Medical Practice Business Services

 
 

Take your medical practice to the next level

You help so many other people improve their health.
Let RSM’s expert Medical specialist business advice help you improve your practice.

Running a health practice will never be easy. There’s endless regulation, policy change, technology developments and staff management issues. Then there’s the challenge of ensuring your income exceeds the rising costs of wages, insurance, premises and supplies while avoiding burn-out from trying to meet increased demand for your services.


How RSM can help

RSM’s expert Medical specialists can help you manage your practice more effectively. We’ll listen to your fears and frustrations then we’ll provide tailored solutions to help you manage your workload, generate more income, increase your efficiency and reduce costs. We’ll help you develop plans for growth that reflect your values and goals. And we’ll form succession plans that protect your assets and gives you confidence about the future.

We know how busy you are so we’re happy to see you outside normal business hours.

Contact a medical business expert
RSM offers Safe Harbour strategies

ATO’s compliance approach - allocation of professional firm profits

25 November 2022
16 December 2022 will mark 12 months since the ATO’s release of Practical Compliance Guideline PCG 2021/4 – the new tax compliance approach to the allocation of professional firm profits.

The Big 3 for Medical Practitioners: Interest, tax and superannuation

15 November 2022
In the current environment of high inflation and increasing interest rates, there is no better time to review your costs.

8 Global healthcare trends driving health industry change in 2022

7 November 2022
What are the global healthcare trends driving industry change in 2022? We have collated contributions from across RSM’s global healthcare community – working with over 3,000 healthcare organisations - to examine the most impactful trends driving change across the health sector. For each trend, we’ve included the key considerations for healthcare leaders, to shape the debate on navigating the post-pandemic world.

Health Business Matters - How data analytics can improve decision making in the health sector

3 October 2022
In the first episode of Health Business Matters, Peter Saccasan interviews Charlie Farah from Qlik (Analytics and Data Integration Platform) and Matt Cunneen from RSM Australia. They discuss how data analytics can provide critical insights to help health business practitioners identify the best decisions in health care organisations. These insights can inform your decisions regarding patient care, staffing levels and future planning, ensuring that resources are properly allocated to optimise outcomes.

Why we partnered with Clinimetrix to help medical practice owners

13 September 2022
Clinimetrix is an analytics tool that integrates with practice management software to serve up vast amounts of data about a practice. The tool was actually purpose-built for a large medical practice as a solution to the limited analytics available through their existing software.

Don’t let your ATO tax debt cripple your healthcare business

19 July 2022
In the healthcare sector, we have noticed some complacency around overdue tax payments, particularly, for medical contractors who operate under an ABN, and failure to keep on top of tax obligations can very quickly see debt rise. 

Stay ahead of the curve with AI in your medical practice

5 July 2022
Every industry has experienced significant change over the past decade thanks to advancing technology.

Insurance for health professionals: 5 dos and don'ts

14 June 2022
As a doctor, pharmacist, dentist, or allied health professional, your days are spent caring about the health and wellbeing of others.

The Pulse | Edition 3

9 June 2022
This edition has several highlights including connections to our RSM Service Lines and their Health Sector specialists. We have insights into the new Aged Care framework and for our health practitioners, we have included the announcement of our new national partnership with CMH Practice Management, an allied health practice client story, plus our approach to developing a really useful Pharmacy Budget. 

Payroll tax risks to medical practices and allied health providers

25 March 2022
If you own a medical or allied health practice that engages subcontractors, and you do not pay any payroll tax, you should be aware of these two recent court cases.

RSM Australia and CMH Practice Management announce partnership

2 March 2022
RSM Australia and CMH Practice Management's partnership to boost innovation and financial security in healthcare  

Supercharging healthcare innovation through government grants and incentives

23 February 2022
Australia’s flagship investment into encouraging local innovation has just celebrated its 10-year anniversary.

Patent Box Tax Concessions Explained

17 February 2022
The Federal Government has recently published a Bill which introduces the proposed Australian Patent Box Regime announced in the 2021 Federal Budget.

Health Matters: Using data to drive personalised care, better patient outcomes, and reduce costs

20 January 2022
The pandemic means the health sector has had its most challenging and transformative year ever. In 2020 we saw an increased collaboration between hospitals, social care organisations and the supporting ecosystems of private and public sector organisations to fight coronavirus. 

Strong alliances the key for allied health today

17 January 2022
On face value, you may assume that the health industry is one of the few to financially benefit from the current global pandemic. Whilst this is true in some cases, the realities are a significant portion of income comes from planned procedures in this industry.

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