Best-In-Class

Healthcare Accounting Services

Plenty of firms take on healthcare clients. Very few are healthcare experts.

 

W Squared has been the fully outsourced accounting department for healthcare organizations since 2005, from single site practices to multi entity groups. Reporting by location, by provider, by month, that you can actually act on.

What We See & How We Fix It

You’ll recognize at least one of these.

What's usually broken

What we do about it

The three-week close

Numbers arrive a month late, so every decision runs on stale data.

Closed On A Fixed Date

Same date every month, so decisions run on current numbers.

No consolidated view

Every location has its own file, and the roll-up breaks each month.

One Set Of Books

Every location and entity in one place, reconciled monthly.

Reports that don’t add up

You present the numbers with a disclaimer attached.

Numbers That Stand Up

Financials you can hand to a bank or a board without a preamble.

Labor cost you can't see

Your biggest expense, split across entities and locations, and hard to track.

Labor Cost, By Location

Payroll across every entity, allocated where it's actually spent.

Generalists on healthcare books

Accrual timing and write-offs handled by someone never trained for it.

Specialists, Since 2005

Accrual timing, write-offs, and eliminations done the healthcare way.

Growth decisions on gut feel

Whether you can afford the next location is answered by bank balance, not a model.

Numbers You Can Plan With

The next location, hire, or acquisition, run on financials you trust.

“It’s been a remarkable partnership for over 9 years.”

“They’re great people – people I trust completely. 
I’ve never once worried about the accuracy of their work.”

 

– Decode Health

One Fully Integrated Accounting Team For Your Healthcare Business

Most firms give you an accountant.
W Squared gives you the whole team.

 

That means the day to day work gets done, the close happens on schedule, reporting arrives on time, and someone oversees it all. Our team handles:

  • Day-to-day accounting operations
  • Month-end close and general ledger management
  • Accounts payable and receivable
  • Multi-entity consolidation
  • Financial reporting and audit-ready financials
  • System alignment across locations

One engagement. One team.

Fully Integrated Accounting Department
Built for Complex Healthcare Organizations

Built For Healthcare Organizations

Our healthcare accountants work with:

  • Single and multi location practices
  • Specialty medical groups
  • Dental, dermatology, cosmetic and veterinary practices
  • Behavioral health and hospice providers
  • Senior living operators
  • Healthcare administrators overseeing multiple entities
  • Organizations preparing for audit or private equity transactions

Most clients come to us saying the same thing: They have not seen a reliable report in months, and the data sits in different places. We know what that looks like, we know how to fix it, and we have done it hundreds of times.

Find Out What's Broken

Schedule a call with us to review your accounting setup.

Thirty minutes. We’ll tell you what we’d fix first.

How We Deliver Healthcare Accounting Services

We align people, processes, and systems to stabilize your accounting function.

People | Processes | Systems

01 (with bg)

Discovery Call

We review your accounting structure and reporting requirements.

02 (with bg)

Structured Onboarding

Entities are mapped and workflows are defined.

03 (with bg)

Stabilized Operations

Close cycles and reporting processes are standardized.

04 (with bg)

Ongoing Reporting & Support

You receive consistent financial reporting with embedded leadership oversight.

We work within modern accounting and spend management platforms that support multi-location reporting:

Systems

Start a Conversation About Your Healthcare Accounting Structure

Tell us about your organization and where your accounting function requires reinforcement.

 

We will determine whether outsourcing healthcare accounting services through a fully integrated department is the right fit.

FAQ's

It means engaging a fully integrated accounting department responsible for daily operations, close, consolidation, and reporting.

No. We manage healthcare accounting services and financial reporting, not clinical billing.

Yes. Multi-entity healthcare structures are a primary focus.

CFO-level advisory is available as an add-on for existing clients.

No. We support tax and audit preparation by delivering audit-ready financials.

Blogs

Diagram comparing cash basis and accrual basis accounting for a healthcare practice, showing the gap between service delivery, billing, and payment collection

How to Read Healthcare Practice Financials Yourself

The importance of accounting in healthcare hits hardest the moment you are sitting in front of a monthly report and cannot tell whether your business is actually healthy or just busy. Most practice owners in that position do the same thing: they call their accountant and ask for an explanation.

Read More
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