Ostrow Reisin Berk & Abrams, Ltd.

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Health Care Group

At ORBA, we know that every health care organization is unique. The challenges you face today will change the way your business works tomorrow.  Meeting those challenges – and positioning yourself to address the future needs of your clients as well as your business – takes careful planning and precise execution.

Since ORBA’s founding in 1977, the firm’s Health Care Group has provided tax, accounting and consulting services to physicians, medical and dental practices, surgery centers, nursing homes and other health care consultants and organizations throughout the Chicagoland area and the Midwest.  Our comprehensive range of services is designed to inform and guide our clients at every stage of their practice’s lifecycle – from start-up through dissolution or sale.

For more than 40 years, we have worked side-by-side with our clients as a trusted advisor to provide smart, efficient solutions.  Our clients benefit not only from ORBA’s depth of knowledge and industry expertise, but our personal approach to understanding each client’s organization, determining their specific needs, and helping them meet their financial and business goals.  We have the experience and resources to meet all of your needs, from setting up accounting systems and preparing bank reconciliations to serving on both the buy and sell side of transactions.

As the health care industry and the legislation surrounding it continue to evolve, ORBA’s Health Care Group is on top of the issues that affect you.  We are active members of professional organizations, including the National CPA Health Care Advisors Association and  BKR International, that are dedicated to monitoring financial compliance and accounting changes and shaping the laws that affect those working in the health care industry. Our wealth of experience and commitment to staying abreast of the latest developments allows us to keep you informed and proactively work with you to implement necessary changes while minimizing the impact to your practice.

SERVICES

Tax Planning and Consulting

ORBA’s Health Care Group works closely with our Tax Group to go beyond standard tax compliance services. This collaboration allows us to provide innovative and proactive strategies designed to maximize tax savings while minimizing risk. Our tax professionals continuously monitor the ever-changing federal and state tax laws to keep you informed of potential challenges and opportunities. You can be confident that ORBA’s tax professionals will provide you with proactive guidance and advice throughout the year so that we can help you avoid tax-time surprises and help you capitalize on available opportunities to reduce your tax burden.

Bookkeeping

ORBA’s Health Care Group collaborates with our Accounting Services Group to provide clients in a wide variety of medical fields with the bookkeeping expertise required to ensure smooth day-to-day financial operations.  Our goal is to manage your bookkeeping needs so that you can focus on meeting the needs of your patients.  We offer many services related to QuickBooks accounting software, from staff training and cutting checks to preparing bank reconciliations and filing payroll tax returns.  Our professionals are Certified ProAdvisors who are familiar with Windows, Mac and online versions of QuickBooks. We are experts in payroll tax issues and returns, sales tax returns and year-end information returns. For clients who do not have the financial resources or need for a full-time controller or accounting professional, ORBA’s Accounting Services Group is a cost-effective, efficient solution that offers the key resources required to oversee the accuracy of an organization’s accounting and financial systems.

Attest Services

ORBA’s Audit Group provides a wide variety of attest services to our clients in the health care industry, including physician and dental practices, long-term care and nursing home facilities, clinics, behavior and mental health providers and Federally Qualified Health Centers (FQHC).  Our audit professionals perform financial statement audits and reviews, conduct agreed upon procedures engagements, including internal control and fraud examinations, evaluate receivables and cash receipts, and perform A-133 single audits and employee benefit plan audits.

ORBA’s consultative approach is designed to provide you with numerous immediate and long-range benefits. In addition to performing an independent examination for you, we work closely with your organization’s upper management to identify opportunities to increase your efficiency, strengthen your internal controls and make a positive impact on your bottom line.  By leveraging the vast experience and expertise within ORBA’s other industry groups, we help you maximize the value of your organization.

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