We understand the pressure healthcare organizations face, from rising costs and changing regulations to the everyday challenges of running a practice or organization. That’s why we help medical practices and healthcare organizations get the financial insight and advisory support they need to keep up with growing demands. Mowery & Schoenfeld’s team works with you to strengthen cash flow, improve reporting, plan for growth, and make confident decisions in a highly regulated environment. With decades of experience, we provide the accounting, advisory, and consulting support healthcare leaders need to move forward with clarity.
Healthcare
Grow Your Healthcare Practice with Expert-Driven Solutions
Specialized, Custom Accounting Services for Healthcare Professionals and Organizations
Today’s healthcare organizations are faced with many hurdles. We’re not strangers to these concerns. As a top 10 Illinois CPA firm, we’ve spent 30 years providing financial and advisory services to a variety of clients.
- Audit, review, compilation services
- Tax planning, projections, and advisory services
- Personal tax return preparation and financial planning
- Revenue cycle strategies to improve efficiency and profitability
- Internal control assessment and advisory services
- Transaction structuring and planning
- M&A due diligence
- Compensation and benefit plan consulting
- Risk assessments from a financial reporting or operational standpoint
- Wealth management and private client services for individual doctors or business owners
- Accounting technology integration
- Monthly accounting, GAAP conversion, and best practice implementations
- Turnaround accounting support
Financial Planning and CFO Advisory That Keeps Your Practice Ahead
Healthcare organizations — from solo physician practices to large healthcare centers to multi-location groups — increasingly need CFO-level financial strategy without the overhead of a full-time executive. Whether you are a physician practice, senior care group, behavioral health service center, or health technology startups, you may benefit from fractional or outsourced CFO support if revenue is scaling, you need financial clarity, or you are expanding into new locations or service lines.
To grow sustainably, you need strategic financial planning for healthcare that includes cash flow forecasting that accounts for reimbursement lag, capital expenditure planning for medical equipment and facility expansion, and financial modeling for new service lines or practice acquisitions. This kind of proactive financial leadership can improve your outcomes by helping you spot cash flow issues earlier, plan for major investments, and make decisions based on clear, timely data instead of reacting after problems come up.
Our Client Advisory Services (CAS) team offers outsourced CFO services, forecasting, ongoing advisory, and more services tailored to healthcare organizations navigating growth, consolidation, or operational restructuring.
Growth-Focused Advisory That Supports Profitability and Practice Planning
Healthcare organizations face constant pressure to manage costs, retain talent, and make smart decisions about where to invest next. Compensation structures, employee benefits, leadership planning, and other growth-related considerations can have a direct impact on profitability, cash flow, and long-term stability.
Our team helps healthcare clients evaluate opportunities around compensation and benefit planning, financial reporting, budgeting, and other areas that support sustainable growth. By giving you clearer insight you’re your numbers and practical guidance for planning ahead, we help you make informed decisions that strengthen performance and position your practice for what comes next.
Healthcare M&A Advisory: Valuations, Due Diligence, and Practice Sales
Healthcare M&A activity continues to accelerate. Many hospitals and healthcare organizations seek out partnerships, join ventures, private equity, and mergers and acquisitions to keep up with a more complex, costly, and highly specialized care environment.
According to a recent industry report, global healthcare private equity activity set a record in 2025 with more than $190 billion in estimated deal value. Physician practices are set to drive M&A activity in 2026 and beyond alongside ambulatory surgery centers and urgent care platforms.
As experienced transaction advisors, we understand that successful healthcare transactions require more than just reviewing the numbers. Effective financial due diligence involves evaluating payer mix stability, revenue cycle health, provider contract terms, and a practice’s regulatory compliance history. We also perform quality of earnings (QoE) analyses for medical practices, assist with healthcare practice valuations, advise on deal structuring and tax planning for sellers, and help ensure a smooth transition through post-acquisition integration support.