Accounting and bookkeeping for clinics and healthcare practices

What clinics and healthcare practices need from accounting and bookkeeping

• Reconciliation of clinic management system billing to bank receipts and the general ledger
• Ageing and follow-up of panel, corporate and insurer claims receivable
• Drug and consumables inventory recorded and reconciled to dispensing records
• Accounting for doctor remuneration, whether salaried, locum or profit-sharing
• Equipment register for medical devices with depreciation and financing
• Controls that limit access to patient-identifiable information in billing records

Questions to ask a provider

1. Have you worked with our clinic management system before?
2. How do you track and report on outstanding panel and insurer claims?
3. How do you account for doctors on profit-sharing or locum arrangements?
4. Who on your team can see patient names in billing data, and how is that controlled?

Pitfalls to avoid

• Panel and insurer receivables left unreconciled hide rejected claims that will never be paid
• Drug inventory expensed on purchase gives a misleading picture of monthly profit
• Sending full patient billing exports to a provider when summaries would do creates unnecessary data risk

More on accounting and bookkeeping

Our guide to finding a accounting and bookkeeping provider in Singapore covers typical costs, rules and how matching works.