July 6, 2022

According to the Department of Justice, patients in the U.S. collectively lose billions of dollars each year to healthcare fraud and abuse. For medical practices, this unfortunate reality decreases patient trust amidst the already-stressful insurance claims, billing, and payment management processes. A firm financial management strategy is essential for these practices to mitigate the risk of fraud. CPAs are committed to catching and preventing mistakes and are up-to-date on financial software. By balancing their commitment to the healthcare industry and their removal from it, CPAs position themselves as the perfect finance-minded partners to small practices looking to reduce the possibility of fraud.