Arizona's largest locally owned accounting firm providing professional services in Tempe, Scottsdale & Casa Grande!
Professional Healthcare Accounting Services
Links
Arizona Dental Association
Dates, times and details on our upcoming symposia where you will learn how to obtain a better work/life balance.
Professional Healthcare Accounting Services
Managing Director of Consulting Services - Thomas M. Cooper -
,JD, CLU, CHFC
Educational Opportunities
Henry & Horne, LLP offers plenty of educational opportunities for you and your staff to learn team building, practice management and work/life balance skills.- Monthly Lunch ‘n Learns for office management
- Symposia to understand a better work/life balance
- The Weekly Dose – a financial and healthcare services blog with posts once a week
WHAT WE CAN DO FOR YOU
At Henry & Horne, LLP we believe all healthcare professionals in all stages of their practices can benefit from transition and consulting services. New healthcare professionals require the transition services in order to properly transition into ownership or partnership of an established practice. Young healthcare professionals who are sole-practitioners require consulting services in order to get their business off to the right start, and established health care professionals have a need for financial services as they may have tapped the wealth in their practices and/or are headed for retirement. At Henry & Horne, LLP we can provide all this and more.Service We Can Offer
- Transition services
- Practice Consulting
- Personal financial freedom
- Partnership/Associate buy-ins
- Partnership/Associate split-ups
- Practice valuation
- Financial analysis & necessary documentation
- Audit and accounting services
- Cost Segregation
- Estate, trust and gift services
- International tax consulting
- State & local tax
- Tax consulting & compliance
- Valuation & forensic services
Why Henry & Horne, LLP?
Henry & Horne, LLP is the only firm with over fifty years experience in tax, audit and accounting work and the finest healthcare practice transition and consulting team in the southwest. Many of our competitors have a “one size fits all” method to transitions and practice consulting. At Henry & Horne, LLP we bring a truly customized approach to healthcare practices and personal planning. This approach enables healthcare professionals to capture hidden wealth in their practices allowing them to work fewer hours and enhance income. What makes Henry & Horne, LLP truly unique is that we support you and are always viewing your planning from a “tax smart” perspective. We are always looking for ways to maximize your after- tax return in a creative but safe and prudent way.
What Does It All Mean?
What Is Transitions Planning?
Transitions refers to the business succession planning for healthcare practices; but the same consulting service could be provided to most any personal service business. This planning may involve the entry of additional doctors that will eventually assume partner/ownership status; it may be aimed at the acquisition or merger of multiple practices. It may also facilitate the separation of partners and or practices. This planning involves complex legal, taxation, financial and personal issues which Henry & Horne, LLP is qualified to handle.
What Is Practice Consulting?
Some practices are already in a transition-ready mode. That is: that they have the abundance of patients and facility to support a second doctor. Still, these practices require on-site consulting support in order to pave the way for the incoming doctor and to streamline systems and data.
Even the most well designed Transition plan can fail if not properly supported with systems in the office. The Henry & Horne, LLP practice consultants are trained to identify areas of potential wealth in the practice and also potential hazards to the associate transition.
In cases where the practice does not yet possess the patient wealth to support a transition, our practice consultants can create efficiencies and unearth trapped wealth in the practice. This type of “ramp up” will create freedom for the owner doctor; but also build value for the transition planning down the road.
Even the most well designed Transition plan can fail if not properly supported with systems in the office. The Henry & Horne, LLP practice consultants are trained to identify areas of potential wealth in the practice and also potential hazards to the associate transition.
In cases where the practice does not yet possess the patient wealth to support a transition, our practice consultants can create efficiencies and unearth trapped wealth in the practice. This type of “ramp up” will create freedom for the owner doctor; but also build value for the transition planning down the road.
What Is Financial Freedom?
It does us no good to have the engine running at peak performance and then allow all of the wealth to "leak out" of the system. We want to capture some of this wealth and channel it toward your qualified retirement plan or other investment vehicles; thus allowing healthcare professionals to achieve financial freedom even sooner.
Financial freedom is when you go to work because you want to, not because you have to. It is working in your practice for two or three days a week doing the kind of work for the kind of people that you enjoy. This financial freedom is not bought at the cost of your patients’ care. Your patients are still receiving the very best health care, while you work “smarter”. Your Henry & Horne, LLP financial freedom coach will design a customized plan, which dovetails with the practice economics.
Financial freedom is when you go to work because you want to, not because you have to. It is working in your practice for two or three days a week doing the kind of work for the kind of people that you enjoy. This financial freedom is not bought at the cost of your patients’ care. Your patients are still receiving the very best health care, while you work “smarter”. Your Henry & Horne, LLP financial freedom coach will design a customized plan, which dovetails with the practice economics.
