Bookkeeping for Medical & Dental
Bookkeeping for
Medical and Dental Practices
Insurance and Patient Revenue Tracking
We track insurance reimbursements, patient payments, and outstanding balances accurately -- giving you a clear view of collections against billed charges.
Practice-Level Financial Clarity
We deliver the financial statements and performance reports that help practice owners understand profitability, manage expenses, and make informed staffing and investment decisions.
Clean Books for a Busy Practice
We handle the financial back office so physicians and dentists can focus on patients -- with accurate financials and tax-ready records delivered consistently.
100+
Successful transactions completed
20+
Years of experience
$5 - 50m
Average size of transaction
$20-200m
Average market cap of clients across tech, manufacturing & services
Bookkeeping for Medical, Dental, and Healthcare Practices
What makes us different?
Medical and dental practices have financial dynamics that differ from most other businesses. Revenue comes from a combination of insurance reimbursements and patient payments, with a significant gap between billed charges and actual collections. Managing accounts receivable, understanding net collections rates, and tracking expenses accurately are essential to running a financially healthy practice — but they are also time-consuming tasks that distract from patient care.
Corviniti provides bookkeeping services to medical and dental practices that need an organized, accurate financial function without the overhead of a full-time bookkeeper or controller. We reconcile insurance payments, track patient receivables, categorize practice expenses correctly, and deliver the financial statements that practice management requires.
We work with solo practitioners, group practices, and multi-location medical and dental organizations. We understand the revenue cycle, expense structure, and tax considerations specific to healthcare practices.
We help with:
- Insurance Payment Reconciliation: Reconcile insurance reimbursements to billed charges and track adjustments, write-offs, and outstanding balances by payer.
- Patient Revenue Tracking: Track patient co-pays, out-of-pocket payments, and outstanding balances accurately.
- Accounts Receivable Management: Maintain an accurate AR aging by payer and patient, identifying problem balances and supporting collections follow-up.
- Monthly Close and Financial Statements: Execute a complete monthly close and deliver accurate income statements and balance sheets for practice management.
- Expense Categorization: Categorize and track practice expenses correctly — supplies, staffing, rent, equipment, and professional services.
- Payroll Recording: Record physician, dentist, and staff payroll correctly, including any bonus or production-based compensation arrangements.
- Tax Preparation Support: Maintain the financial records your CPA or tax advisor needs for annual preparation and planning.
- Equipment and Capital Expenditure Tracking: Track equipment purchases, leases, and depreciation for both financial reporting and tax purposes.
Our Bookkeeping Services
Monthly Bookkeeping
Maintain accurate financial records for your practice with a clean monthly close that gives you a clear view of collections, expenses, and profitability.
- Insurance Payment Reconciliation: Reconcile insurance payments and adjustments to billed amounts each period.
- AR Aging Report: Maintain an accurate AR aging by payer and patient to support collections management.
- Financial Statement Delivery: Deliver accurate monthly financial statements for practice management review.
- Expense Tracking: Categorize all practice expenses consistently to support budget management and tax preparation.
Cleanup and Catch-Up
Organize and correct historical financial records, reconcile backlogged insurance payments, and establish a clean financial baseline for the practice.
- Insurance AR Cleanup: Reconcile historical insurance receivables and resolve outstanding claims and payment discrepancies.
- Expense Reclassification: Review and correct historical expense coding for accurate financial reporting.
- Ledger Cleanup: Resolve prior-period errors and reconciling items in the general ledger.
Financial Planning & Analysis
Translate accurate financial records into the practice performance analysis that helps you understand where revenue is coming from and how to improve profitability.
- Net Collections Rate Analysis: Track the net collections rate — what percentage of billed charges is actually collected — by payer and overall.
- Overhead Ratio Reporting: Monitor practice overhead as a percentage of collections to benchmark against industry norms.
- Cash Flow Forecasting: Build forward-looking cash projections that reflect expected collections timing and planned expenses.
Contact us to discuss scope and pricing for your practice.
Why Choose Us?
Big 4 expertise,
boutique agility
Corviniti provides medical and dental practice bookkeeping with the technical depth and professionalism that healthcare practices expect — accurate, organized, and delivered by professionals who understand the revenue cycle and financial dynamics of a medical practice.
We work with medical and dental practices at every stage
From solo practitioners managing their own back office to group practices and multi-location organizations, Corviniti provides the bookkeeping support that healthcare practices require.
- Professional Services Experience
- Tax-Preparer Ready Year-Round
- Audit and Due Diligence Ready
- Big Four Experience, Boutique Attention
- Flexible Support That Grows With You
Contact Us To
Learn More
Call: (347) 472-1115
Email: info@corviniti.com
Tell us about your practice and what your current bookkeeping looks like. We will respond within 24 hours.
Learn More From
Frequently Asked Questions
We reconcile insurance payments — EOBs and ERA files — to billed charges for each claim, recording payments, contractual adjustments, and denials accurately. We track outstanding claims by payer and flag aging items that may require follow-up with the insurance company.
Yes. We maintain an AR aging report broken down by payer — Medicare, Medicaid, commercial insurers, and self-pay patients. This gives you visibility into where collections are lagging and supports targeted collections follow-up.
We work with your payroll provider to ensure production-based compensation is recorded correctly, with the underlying production data reconciling to the revenue recorded in the general ledger. We also track physician draw accounts and any partnership or profit-sharing arrangements.
Yes. We maintain separate books for each practice location and prepare both location-level and consolidated financial statements. This gives you the ability to compare performance across locations and understand which are contributing most to overall profitability.
We work alongside most major practice management and billing platforms — reconciling the financial records in the general ledger to the data in your practice management system. We do not replace your practice management software — we ensure the accounting records are consistent with it.
Yes. We regularly work with foreign private issuers and companies with cross-border structures, including IFRS reporting, US GAAP reconciliations, and multi-entity consolidations for companies with domestic and international subsidiaries.
In most cases, we can begin within a few days of finalizing our agreement. Our KYC and onboarding process is straightforward and does not create unnecessary delays before the actual work starts.
