Running a medical practice, clinic, or hospital comes with unique financial challenges, particularly in accounting. From cash flow management across multiple billing streams, complex payroll, and Medicare or private billing compliance, to managing staff costs, equipment purchases, and regulatory reporting — it’s a lot to juggle.

Hiring a full-time CFO is costly, but without financial leadership, your practice could face delayed payments, cost overruns, or inefficient resource allocation.

We provide outsourced CFO-led accounting services for medical professionals, doctors, GPs, hospitals, and healthcare providers, combining strategic financial guidance with hands-on accounting expertise.

A CFO gives you strategic oversight.

But hiring one internally can cost well over $250k per year.

Our CFO-led accounting service bridges the gap.

You get medical-specific financial expertise, better systems, accurate numbers, and strategic guidance — all delivered at a fraction of the cost of a full-time CFO.

How Our Medical Accounting Services Compare

ACCOUNTING SERVICES FOR EVERY TYPE OF MEDICAL PRACTICE OR HEALTHCARE PROVIDER

We provide tailored CFO services for:

• GP clinics and multi-doctor practices
• Specialist medical practices and allied health providers
• Private hospitals and small healthcare facilities
• Multi-department or multi-site practices
• Practices expanding services or opening new locations
• Organisations managing cash flow challenges from delayed billing, Medicare, or insurance claims
• Practices needing better department- or service-line costing and financial systems
• Clinics or hospitals wanting reliable, real-time reporting for strategic decision-making

If your practice or healthcare organisation operates across multiple departments, locations, or services and depends on accurate costing, forecasting, and margin protection, we can help.

First 30 Days – Onboarding

To de-risk the transition, we follow a structured onboarding:

Week 1: Access & diagnostics – review your general ledger, billing records, prior year accounts, and compliance filings.
Week 2: Clean-up & KPI design – tidy the chart of accounts, streamline department or doctor tracking, and design practice-specific KPIs.
Week 3: Forecast & budgeting – build a 13-week cash flow model and department budgets.
Week 4: First management-ready pack – deliver a dashboard and action plan; refine the plan for the next 60 days.

We will ask for access to your accounting system, bank/merchant portals, billing records, employment agreements, and practice policies to get started.

Pricing & Commitment

Hiring a full-time CFO in Australia can cost well over AU$250,000 per year.

Our CFO accounting services are available on a retainer or project basis, typically ranging from AU$3,000 to AU$15,000 per month, depending on complexity, size, and scope.

Engagements can be month-to-month or three-month terms. There are no hidden setup fees. Most clients see quick wins in the first one to two months, with benefits that far outweigh the cost.

Outcomes & Proof

Our goal is to maximise profitability and efficiency across your practice. Working with our CFOs, medical practices, clinics, and hospitals have:

• Optimised cash flow – patient billing, Medicare, or insurance payments are managed efficiently.
• Improved profitability – department and service-line margin tracking ensures resources are allocated effectively.
• Stable operations – forward-looking forecasts prevent interruptions in practice services or hospital operations.
• Transparent reporting – dashboards and KPIs for owners, directors, or practice managers provide clear insights.
• Sustainable growth – strategic guidance supports expansion, staff planning, and resource allocation.

Client Snapshot: 🏆

One multi-doctor GP clinic reduced month-end close time by five days and increased department margin visibility after implementing our 13-week cash forecast and department budgeting methodology.*

* example for illustration; specific client results vary.