Healthcare and Medical Sector Accountancy Services
Onyx work with a range of accountancy services to the healthcare and medical sector; medical professionals, practices and surgeries.
We help to ensure the implementation of consistent and robust financial controls that help to create a strong business capable of generating consistent returns. We enable business owners and practice management teams take considered decisions with clarity gained through easily understood management accounts and financial reporting.
For those considering acquisition we ensure that financial performance is correctly benchmarked against similar practices, and that the correct amount of capital is in place to fund growth aspirations.
For practices operating Primary Care Trust contracts, we will advise on the correct technical accounting and process balancing required to identify and optimise areas of profitability, while also identifying those hidden “pockets of costs” that may lie masked by the false overall impression of financial well-being.
Onyx will identify the optimal revenue balance from private and non-private patients by implementing management accounting processes.
For those who wish to ensure their practice returns are sustainable Onyx will manage cash drawings and cost outlays so that all anticipated bills and expenses can be financed now and in the future.
We will also support owners by providing ancillary services for wealth management, investment and tax planning.
The services available include:
- Business Financial Control Options including:
- HMRC PAYE, Corporation and VAT Registration and Returns
- Accounting System Support and Advice
- Bookkeeping Support
- Payroll Processing
- 24×7 access to real-time financial information
- Tailored Reports as Required
- Optimisation of Primary Care Trust Contracts
- Management Accounting
- Wealth Management Advice
- Disposal Planning