Choosing the right medical bookkeeper for your practice is the first step toward financial freedom and sustainability.
But there are many different types of medical bookkeepers, so how are you supposed to find one who’s right for your office?
Before you narrow down your choices, there are 3 key questions you need to answer.
#1: Will your medical bookkeeper be in-house or outsourced? With your daily financial operations on the line, you may feel more comfortable having a bookkeeper in-house so you’re constantly updated on the status of your books.
However, outsourcing is also a great option for cost-conscious practices that can’t afford to hire a full-time employee.
#2: Will you hire an individual or a team of bookkeepers?
Depending on the size of your practice, working with one person lets you build a relationship based on trust.
On the other hand, hiring a team of bookkeepers assures the consistency of your financial processes. If one team member is sick or unable to perform their duties, another team member can tag-team in and keep your books in order.
#3: Do you want a medical billing specialist or a trained accountant?
Some medical bookkeepers receive a certificate or degree in medical billing, while others have an accounting background or are CPAs.
If you’d like your medical bookkeeper to perform a wide variety of accounting tasks beyond billing, choosing a traditional accountant may be your best bet – just make sure they have ample experience in the healthcare industry.
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