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

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.

Rapid Antigen Tests – Tax deductibility myths debunked

4 January 2022
Prime Minister Scott Morrison has told the media in recent days that rapid antigen tests (RATs) for COVID-19 are 'tax deductible'. 

High seas of allied health - The 5 key tips for navigating through your cashflow storm

20 December 2021
Have you ever heard the expression in business that 'cash is king'? They say this because if you’re a business owner and you don’t have cash, you’ll find that creditors, bankers, and the tax man will come-a-knockin’, and not just for a brew and a chat about the weather!

GPs moving to the cloud; not as many roadblocks as you think?

17 December 2021
There is real value in data sharing, real-time collaboration, and interoperability. The modern GP is facing an unprecedented fast-paced world.

10 lessons from the pandemic to take with you into 2022

15 December 2021
If someone had told you in 2019 that within 18 months almost every economy in the world would be shut down – with most of the world’s population working from home – you might have called them crazy! But here we are, almost 2 years later...

How to Value your Allied Health Practice

14 December 2021
Prior to instructing a valuation for allied health practices, the 4 W’s need to be addressed:

Medical Research Future Fund

10 November 2021
The Research Data Infrastructure Initiative (RDII) forms part of the Australian Government’s $20 billion Medical Research Future Fund (MRFF). $80 million over 8 years has been committed to the RDII and is targeting the creation or extension of national research data infrastructure.

The startling tax ruling impacting GP and allied health practices

19 October 2021
Following a shocking determination by the Chief Commissioner of State Revenue in NSW, owners of general and allied health practices have been left wondering what it means for them.

The End of Bed Licenses – A game changer for the Aged Care sector?

18 October 2021
From 1 July 2024, the Australian government will abolish bed licenses and the Aged Care Approvals Round (ACAR) process in response to the recommendations of the Final Report of the Royal Commission into Aged Care Quality and Safety (Royal Commission).

Work Related Deductions for Doctors Denied

18 October 2021
A recent case through the Administrative Appeals Tribunal (AAT) - Mfula and Commissioner of Taxation (Taxation) [2021] AATA 3067 (30 August 2021) - has potentially put into question expenses that locum doctors have been claiming as tax deductions over the years.

COVID-19 stress testing medical practice owners

1 March 2021
It’s been a challenging 12 months for people in the medical field. Amid a health crisis, they have stood strong on the frontline and bravely put themselves in situations that most people would go to great lengths to avoid.

Optometry Businesses: Recovery and growth planning for COVID-19

3 June 2020
As social distancing restrictions are easing, there is an opportunity for optometry practices to look ahead and focus on recovery and growth.

JobKeeper – Service entities, schemes and more complex rules

5 May 2020
The legislative instrument setting out the modified rules for service entities, among other things, was registered by Treasury late in the evening on Friday 1 May 2020.

Cyberthreats in the healthcare industry: More about people than IT

19 December 2019
Health care companies must train staff to be vigilant around security. 

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