Outsource Accounting For Nursing Homes, Hospitals, Doctors, Pharma Shops

Challenges in the Healthcare Industry in regards to Accounting and Bookkeeping function


Healthcare Industry is India's one of the largest sector in regards to revenue and employment. And we know how the healthcare sector plays a vital role in the well-being of a country's public. The Indian healthcare industry consists of hospitals, medical devices, clinical trials, health insurance, medical equipment, pharmaceuticals and much more. The healthcare industry in India is also not exempted from obstacles concerning accounting, bookkeeping, taxation and so forth. Few of the challenges in regards to accounting for hospitals and other healthcare providers are–

Specialisation

Your in-house professional accountant needs to be able to apply standard costing procedure of the industry for setting a value for the product and services offered at your organisation.  

Compliance

Medical practice firms are not able to keep up with new regulations which then ends up in committing non-compliance. Compliance with US GAAP, International Financial Reporting Standards (IFRS) and Indian GAAP is another major issue.

Big data

Health care industry deals with large the volume of data on a day to day basis. Every medical practice and health care business has to set a proper system in place, allowing them to record these data efficiently.

Tailor-made Accounting & Bookkeeping Services by Whiz Consulting


Whiz Consulting provides accounting and bookkeeping services for the Healthcare Industry. We have provided accounting, bookkeeping, taxation and payroll processing services through our professional accountants for over four years. Having worked closely with the healthcare industry, and with our expert's in-depth knowledge of the sector, we help set your medial practice up for financial success.

Accounting in the medical field is quite intricate as well as time-consuming process. We help you overcome this by providing you with customised professional medical bookkeeping services and accounting services in the healthcare industry. We have a team of professional accountants for the healthcare industry who have worked for various sectors within the industry which includes Old Age Caring, Healthcare, Franchising etc. Right from the enormous volume bookkeeping and data entry to the preparation of the financial reports, we provide excellent service match to the complex nature of the industry and help streamline your business finance for better productivity and better client service.

Our service let you can keep your mind tension free from the intricate function of Accounting and Bookkeeping and focus on your essential function that is to provide the best healthcare service.

Accounting & Bookkeeping Services We offer for Healthcare Industry


Why Choose Whiz Consulting for your Accounting and Bookkeeping?


We at Whiz Consulting aid you to conduct your business by focusing entirely on the core function by helping you put your accounting and bookkeeping function is in place. We provide Accounting and Bookkeeping Service for Healthcare Industry in India to every type of business irrespective to its scale of operation. If you are looking for Accounting and Bookkeeping services, here is why you should choose us -

Compliance

Our experts are up to date with any new law and regulations. Also, they are well acquainted with the accounting principles as well as existing rules and regulations prevailing to the industry. 

Decade long Experience

Over a decade of experience and technical know-how of healthcare industry-specific requirements that helps to streamline your bookkeeping and accounting systems.

Cost-Effective

It will cost you 70% more to hire a full-time accountant as compare to hiring our service where you will have a pool of resource under one roof.

Business Growth

Focus on your core function while we take care of your vital function of bookkeeping and accounting aiding you to bring scalability in the business.

Boundless Consultation

We provide boundless phone and e-mail consultations with experienced professionals helping you to deal with any issues or query

Consistent Report

We provide detailed financial reports helping you to understand your business's financial health and then take required measures

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