Medical Practice Bookkeeping

Financial Health for
Practices That Put
Patients First.

Insurance reimbursement reconciliation, provider compensation tracking, HIPAA-aware processes, and compliance-ready reporting — bookkeeping built for the complexity of healthcare.

Trusted by Medical Practices Nationwide

200+Industries served, including medical, dental, and specialty practices
100+Years of combined bookkeeping experience on our team
40+Countries where our clients operate — fully remote and cloud-based
100%Cloud-based — work with us from anywhere, anytime
Insurance reimbursement reconciliation
Provider-level P&L reporting
HIPAA-aware financial processes
256-bit SSL encrypted data
Licensed CPAs on staff

Built for Every Type of Medical Practice

From solo physicians to multi-location group practices, we understand the financial complexity of healthcare.

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Primary Care & Family Medicine

Solo and group primary care practices dealing with insurance billing, multi-payer reconciliation, and overhead cost management.

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Dental Practices

General and specialty dental offices with complex insurance billing, lab cost tracking, and provider compensation structures.

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Specialty Practices

Orthopedics, dermatology, OB/GYN, cardiology, and other specialty practices with high revenue volume and complex payer mixes.

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Mental Health & Therapy

Psychiatric practices, therapy groups, and behavioral health organizations — including cash-pay, insurance, and hybrid billing models.

Medical Practice Finances Demand Specialist Knowledge

Medical practices operate under a financial framework unlike almost any other business. Revenue flows from dozens of insurance payers, each with different fee schedules, denial rates, and reconciliation timelines, alongside self-pay and co-pay collections.

Add in provider compensation models, complex payroll with benefits and malpractice insurance, equipment depreciation, and strict compliance requirements — and it's clear why medical practices need a bookkeeping partner who understands the healthcare landscape.

At VarStan, we bring dedicated healthcare bookkeeping expertise to your practice — keeping your books accurate, your cash flow visible, and your financials ready for your CPA and compliance reviews.

  • 🏥
    Insurance Reimbursement Complexity
    Multiple payers, varying fee schedules, denials, and adjustments make revenue reconciliation uniquely challenging in healthcare.
  • 💊
    Accounts Receivable Management
    Healthcare AR can stretch 60–120+ days. Without proper tracking, practices consistently undercount outstanding revenue and overestimate cash position.
  • 👨⚕️
    Provider Compensation Structures
    Productivity-based, salary, and hybrid compensation models require careful tracking to ensure accuracy across multi-provider practices.
  • 📋
    Regulatory & Compliance Pressure
    Medical practices face strict financial compliance requirements. Clean, accurate books are essential for audits, licensing, and lender reviews.

Bookkeeping Services Tailored for Medical Practices

A complete financial back-office so you can focus on patient care, not spreadsheets.

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Insurance Reimbursement Reconciliation

We reconcile payments from all payers against billed charges, tracking adjustments, denials, and write-offs — giving you a true picture of collected revenue.

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Provider-Level P&L Reporting

We produce profit and loss reports by provider, department, or location — so practice owners can clearly see which services and physicians drive the most revenue.

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Accounts Receivable Tracking

We maintain aging AR reports, track outstanding balances by payer, and flag slow-paying insurers — giving your billing team the data it needs to follow up effectively.

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Payroll & Provider Compensation

We handle payroll integration for clinical and administrative staff, and track productivity-based provider compensation with accuracy across all models.

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Expense & Overhead Tracking

We categorize all practice expenses — medical supplies, equipment, malpractice insurance, rent, and staffing — to give you precise overhead cost visibility.

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Cash Flow Management Reporting

We produce monthly cash flow statements that reflect the lag between services rendered and insurance payments received — helping you plan ahead with confidence.

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Bookkeeping Cleanup & Catch-Up

Behind on your practice's books? We can complete a full year of backlogged medical practice bookkeeping in 3–4 weeks, ready for audit or CPA review.

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QuickBooks / Xero Setup

We configure accounting software with a healthcare-specific chart of accounts and integrate with your practice management system's financial data exports.

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1099 & Tax Compliance

We handle 1099-Misc filing for independent contractors, maintain vendor records, and prepare organized year-end financials for your CPA's tax preparation.

Simple Onboarding, Zero Disruption

We fit around your practice's workflow — not the other way around.

1

Free Discovery Call

We assess your billing setup, payer mix, and current bookkeeping gaps.

2

Practice Configuration

We configure your chart of accounts by provider, location, and service line.

3

Monthly Bookkeeping

Reconciliation, reporting, and cash flow statements delivered every month.

4

Year-End Handoff

Organized financials delivered to your CPA — clean, complete, and on time.

Books That Are Always Audit-Ready

Medical practices face scrutiny from payers, regulators, and lenders. We keep your financials prepared for all of it.

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HIPAA-Aware Financial Processes

We understand the sensitivity of healthcare financial data and operate with HIPAA-aware data handling practices — protecting your practice and your patients.

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Payer Audit Support

Insurance payer audits require organized, detailed financial documentation. We keep your books structured so you can respond to audits quickly and confidently.

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Lender & Partner Reporting

Whether you're seeking practice financing, bringing in a partner, or preparing for a sale, we produce clean, lender-ready financials on demand.

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Multi-Entity & Group Practice Support

We handle bookkeeping for group practices structured across multiple entities — including MSOs, PCs, and LLCs — with consolidated and entity-level reporting.

What's Included in Every Plan

No matter which plan you choose, every medical practice client receives:

  • Monthly bank & payment reconciliation
  • Insurance payer reconciliation
  • Accounts receivable aging report
  • Provider-level P&L statements
  • Payroll integration & tracking
  • Expense categorization by department
  • Monthly cash flow statement
  • 1099-Misc filing for contractors
  • Year-end financial package for CPA
  • Dedicated bookkeeper on your account
  • Email, phone & video conference support
  • No long-term contracts — cancel anytime
VarStan gave us the financial clarity we desperately needed. Our insurance reconciliations are always current, our provider reports are clean, and we finally stopped dreading year-end.

Practice Administrator, Multi-provider primary care group, US-based

Frequently Asked Questions

Do you handle insurance reimbursement reconciliation?

Yes. We reconcile payments from all major payers against billed charges, tracking adjustments, contractual write-offs, denials, and co-pay collections so your revenue is accurately recorded.

Can you work with our practice management software?

Yes. We work with financial data exports from most major systems including Kareo, Athenahealth, AdvancedMD, and Dentrix. If you use a different system, we can assess compatibility.

Do you support multi-provider group practices?

Absolutely. We produce provider-level P&L reports and handle complex compensation tracking for practices with two to dozens of providers across multiple locations.

How do you handle HIPAA and data security?

We operate with HIPAA-aware financial data handling practices. All client communication and data transfer uses 256-bit SSL/TLS encryption — the same level used by online banking.

Our practice books are months behind. Can you help?

Yes. We typically complete a full year of backlogged medical practice bookkeeping in 3–4 weeks, ready for your CPA or audit review.

Do you work with mental health and therapy practices?

Yes. We work with psychiatric practices, therapy groups, and behavioral health organizations — including those with cash-pay, insurance, and hybrid billing models.

Let's Get Your Practice's Finances in Perfect Health.

Schedule a free consultation with a VarStan medical practice bookkeeping specialist. No pressure, no jargon — just a clear plan tailored to your practice's specific needs.

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