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Healthcare Accounting and Bookkeeping Outsourcing Services – FISCFILER

At FISCFILER, we provide tailored accounting and bookkeeping outsourcing services designed specifically for the healthcare industry. Our expertise covers clinics, hospitals, medical practices, and wellness centers, helping them manage complex financial operations with accuracy and compliance. From handling medical billing, payroll, and insurance reimbursements to ensuring HIPAA-compliant recordkeeping, we deliver end-to-end solutions that enhance financial visibility and control. By outsourcing to FISCFILER, healthcare providers can reduce administrative burden, improve profitability, and focus more on delivering quality patient care.

Inventory Management mistake the healthcare
industry have

In the healthcare industry, Inventory Management often faces critical mistakes that can affect both
financial performance and patient care. Here are common inventory-related mistakes observed
in healthcare accounting and operations:

Many healthcare providers fail to implement systems that monitor inventory levels in real-time, leading to overstocking or stockouts of essential medical supplies.
Not categorizing inventory properly (e.g., consumables, equipment, pharmaceuticals) causes inefficiencies in reporting, procurement, and usage tracking.
Failure to monitor and rotate perishable items like medications or medical kits results in wastage and compliance risks.
Relying on paper-based or outdated software for inventory records can lead to data errors, miscounts, and time delays.
Improper valuation methods (e.g., not using FIFO/LIFO) distort cost reporting and hinder accurate financial decision-making.
When procurement, finance, and operations are not synchronized, it leads to duplicate purchases or misallocation of stock.
Skipping regular inventory audits prevents organizations from detecting pilferage, losses, or system inconsistencies.

Our Shipping & Logistics Accounting Outsourcing Services

Setting up charts of accounts which prevail as a norm in the healthcare industry
Recording of sales/cash revenue/receipts from patients/customers
Recording of rental income for rental equipment
Tracking of transactions for calculating doctor wise revenue and distribution of medicine
Recording and keeping track of the expenses of the respective medical care facility
Keeping track of transactions for managing patient’s insurance policy
Identifying and recording major assets used in hospital for extensive treatment
Verifying and recording bills from vendors
Payment to vendors
Processing employees’ pay and update payroll file
Processing other tax related reports
Recording depreciation and other adjusting entries
Entering Bank Transactions
Month-end or year-end closing entries

Invoice scanning and storing
Invoice processing & approval
Expense allocation
Online payment approval
Payment Processing
Handling of vendor inquiries

Recording payment from customer
CReconciliation of revenue on monthly/quarterly basis with PMS/POS system and identifying variances if any
Reconciliation of merchant deposit on the basis of merchant statements, providing collection reconciliation on monthly basis and identifying any short/excess deposit
Customer aging
Collections management
Cash forecasting & reporting

Balance sheet
Income statement
Trial Balance
Cash flow statement
Bank reconciliation report
Detailed general ledger report
Fixed asset account managements
MRO Regional distribution report

Bank book reconciliation with your bank statement
Credit card reconciliation with your statement records
Sequencing of checks
Balance sheet reconciliation

Payroll setup
Payday calculations and direct deposits
Payroll taxes calculation and form filling
941, 1099, 940, 944, and quarterly state tax returns
Reconciliation of Payroll with Quarterly returns

What we Offer

Hospitals & Clinics

FISCFILER provides specialized accounting solutions for hospitals and clinics, ensuring accurate financial reporting, compliance, and efficient healthcare financial management.

Medical Devices

FISCFILER offers tailored accounting services for medical device companies, managing complex inventory, regulatory compliance, and cost accounting with precision.

Pharmaceuticals

FISCFILER delivers expert accounting services for pharmaceutical companies, focusing on R&D cost tracking, inventory management, and regulatory financial compliance.

Health Insurance

FFISCFILER provides comprehensive accounting services for health insurance companies, ensuring accurate premium tracking, claim management, and regulatory compliance.

Nursing Care

FISCFILER offers dedicated accounting solutions for nursing care providers, managing payroll, patient billing, and financial reporting with accuracy and care.

Home Health Care

FISCFILER delivers specialized accounting services for home health care providers, ensuring accurate tracking of caregiver payroll, patient billing, and operational expenses.

Healthcare