Redefining Exceptional Service — A Nonprofit & Healthcare Specialized CPA Firm in Illinois

Healthcare

Expert accounting for healthcare providers to ensure compliance, control costs, and support growth.

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Healthcare
Healthcare

Reliable Accounting Solutions for Healthcare Providers

Tailored financial guidance for clinics, doctors, dentists, and healthcare facilities focused on patient care and compliance.

Why Does the Industry Need Our Services?

The healthcare industry operates in a difficult-to-comprehend, interconnected regulatory environment, where accurate financial management is essential for both compliance and growth. Rising operational costs, billing complexities, and stringent tax requirements can make it quite difficult for providers to manage finances in-house. Without the right accounting strategy, practices risk non-compliance, financial inefficiencies, and reduced profitability.

Sheikh, Osher & Scott CPAs & Advisors help healthcare providers stay financially sound with dedicated accounting services for healthcare businesses. From navigating tax laws to strengthening financial reporting, our team provides the financial clarity needed to run a successful, patient-focused practice.

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Who We Serve

Types of Healthcare Provider Categories We Serve

Our team serves a broad spectrum of healthcare professionals, providing services to solo practitioners, group practices, multi-specialty clinics, dental offices, community health centers, and hospitals. If you’re running a private medical office or a Not-For-Profits clinic, Sheikh Osher & Scott CPAs & Advisors deliver expert insight tailored to your field.

Primary Care +

We support general practitioners, family medicine practices, and internal medicine offices with:

  • Monthly bookkeeping and payroll
  • Financial reporting for your practice
  • Budgeting and cash flow planning
  • Tax planning and filing for individual physicians
  • Support with healthcare-specific financial reporting requirements
Specialty Care +

We provide financial services to specialists in fields such as cardiology, neurology, orthopedics, and dermatology:

  • Specialty practice bookkeeping and reporting
  • Financial modeling and growth planning
  • Physician compensation structuring
  • Equipment acquisition planning and tax benefits
  • Medical practice CPA (Certified Public Accountants) advisory
Dental Care +

Dentists and orthodontists benefit from tailored support that includes:

  • Bookkeeping and accounting for dental procedures
  • Tax deductions on dental equipment and materials
  • Overhead management and staff payroll
  • Support with insurance reimbursements
  • Strategic planning for practice expansions
Community Health Centers +

Non-profit and federally qualified health centers (FQHCs) rely on us for:

  • Fund accounting and grant reporting
  • Audits, Single Audits, compliance audits, and other assurance services
  • Financial reporting for the board and funders
  • Non-profit tax return filing
  • Outsourced CFO (Chief Financial Officer) services
Hospitals +

Community health centers are small hospitals at their core — and our audit practice extends to hospitals beyond the CHC model. Nonprofit and community hospitals work with us for:

  • Financial statement audits under GAAS and Government Auditing Standards (Yellow Book)
  • Single Audits for hospitals expending federal awards
  • Compliance audits and other assurance services
  • Financial reporting for boards, lenders, and funders
  • Form 990 filing, including Schedule H community benefit reporting
Other Healthcare Practices +

We also work with physical therapists, chiropractors, psychologists, and urgent care facilities, offering:

  • Industry-specific bookkeeping and payroll
  • Insurance reimbursement recording and reconciliation
  • Financial and tax compliance support
  • Cash flow and expense tracking
  • Accountants for medical professionals with diverse needs
What We Do

What Can Sheikh, Osher & Scott CPAs & Advisors Do for Your Healthcare Practice?

Sheikh, Osher & Scott CPAs & Advisors offer comprehensive financial services to healthcare providers of all sizes. If you’re a solo physician or managing a multi-site practice, we streamline your accounting operations and support your accounting, tax, and financial reporting under the requirements applicable to your practice. As trusted accountants for medical professionals, we provide the data-driven insights needed to increase profitability and reduce risk.

Our team of accountants for medical professionals simplifies complex billing structures, optimizes cash flow, and ensures accurate tax filings. With our experience, we understand how to structure financial systems that support both day-to-day operations and long-term growth. As one of the reliable CPA firms in Chicago, IL, our goal is to empower healthcare providers to focus on patient care.

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Healthcare accounting
Sheikh, Osher & Scott CPA & Advisors Support

What We Do for Our Healthcare Clients?

1. Audits, Single Audits, Compliance Audits, and Other Assurance Services

We perform independent financial statement audits, Single Audits under the Uniform Guidance, and GATA and other compliance audits for community health centers, hospitals, and other healthcare organizations — with direct partner involvement on every engagement and reports your board, funders, and regulators can rely on.

2. Healthcare Bookkeeping and Accounting

Monthly bookkeeping, payroll, and financial reporting built around how healthcare providers actually operate — from insurance reimbursement recording and reconciliation to fund accounting and grant reporting for nonprofit providers.

3. Tax Planning and Compliance

Tax planning and filing for practices and individual physicians, plus Form 990 preparation for nonprofit healthcare organizations — including the documentation that supports your tax-exempt status.

4. Advisory and Outsourced CFO Services

Budgeting, cash flow planning, financial modeling, and outsourced CFO support that give practice owners and health center leadership the financial clarity to plan ahead.

FAQs

FAQs

What accounting services do you provide to medical practices? +
We offer audits and other assurance services, bookkeeping, payroll, tax preparation, and financial planning tailored to the healthcare industry.
Can you help with insurance reimbursement tracking? +
Yes. We record, track, and reconcile insurance reimbursements in your financial records to improve revenue accuracy and reporting.
Do you work with dental practices as well? +
Absolutely. Our accounting services for healthcare extend to dentists, orthodontists, and oral surgeons with customized financial support.
What makes Sheikh, Osher & Scott CPAs & Advisors different from general accountants? +
We are experienced medical accountants who understand the operational, tax, and compliance needs of the healthcare industry.

Trust Financial Experts Who Understand Healthcare

From compliance to cash flow, Sheikh Osher & Scott CPAs & Advisors deliver accounting services designed for medical professionals who want clarity, control, and confidence.

Get In Touch

Get in Touch with Sheikh, Osher & Scott CPAs & Advisors Today

Speak with a dedicated accountant for medical practice needs and see how we can strengthen the financial health of your clinic.

Address: 401 N. Michigan Ave. Suite 1217, Chicago, IL 60611
Call us: (312) 312-7272