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Medical Financial Management

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“The only equipment lack in the modern hospital? Somebody to meet you at the entrance with a handshake!”¬† – Martin H. Fischer

Doney Leahy have been working with several large medical practices across Australia for many years. We bring to the table vast experience specific to the healthcare industry.

The world of healthcare finance is distinctly different from other practices. Medical industry professionals have different requirements around business practice succession planning needs.

While physicians typically receive 20,000 hours or more of clinical training, only a few hours are spent on how to manage their income as a practicing physician or surgeon.

Professionals in the health industry often work long hours in highly stressful situations. When they have to run a practice as well, there is more work involved in taking care of the business, sophistication around patient acquisition, looking after staff and administrative efficiencies, abiding by all regulations and the added stress of managing the finances. On top of that, rising operating costs and preparing new payment models put more financial risk on practices.

At DoneyLeahy we believe that every challenge is an opportunity. We can help take much of the stress out of medical financial management. We work with the professional to identify ownership structures best suited to protect their assets.

If you are struggling to keep track of your investments or want a consolidated plan which will be taken care of,  while you get on with your work, give us a call and we will take the time to sit down with you and discover your objectives before formulating a strategy.