Accounting for the Healthcare Industry

Healthcare

Medical Professionals

Optimizing Tax for High-Income Physicians

High-income physicians often face substantial income tax expense. In fact, taxes can be a top three total expense to a medical professional with federal income tax rates as high as 37% and 10% at the state level! Our tax strategies have helped thousands of physicians, nurses, chiropractors, and dentists reduce their overall tax and protect their wealth.

At Factor, we specialize in tax strategies tailored for physicians, helping minimize tax burdens while ensuring compliance. With our integrated approach to tax and financial services, physicians can focus on their practice with peace of mind.

Independent Retail Pharmacies

PBM & Medicare Audit Support

At Factor, we have a strong history of aiding pharmacies and healthcare providers facing Pharmacy Benefit Manager (PBM) audits. We’ve successfully saved millions of dollars for our clients over two decades by providing the financial data and support they need. With a deep understanding of the regulatory landscape, we help pharmacies prioritize compliance and effectively respond to audit requests from government contractors.

Physical Therapists & Nutritionists

Maximizing Deductions for Self-Employed Healthcare Professionals

Self-employed healthcare professionals, including physical therapists and nutritionists, often miss out on valuable deductions that can significantly reduce their tax liabilities. Our specialized tax services are designed to identify and claim these often-overlooked expenses, ensuring you keep more of your hard-earned income. From home office deductions to business-related travel expenses, we’ll help you navigate the intricate tax landscape and uncover every opportunity to optimize your tax position. Partner with us to ensure you’re not leaving money on the table and to secure your financial well-being as a self-employed healthcare professional.

Testimonials

What out clients say about us

Hear from our clients how Factor has transformed their business finances and strategies.

Princeton Pain & Spine
Princeton Pain & Spine
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Factor’s proactive approach and personalized solutions have saved me significant tax and most importantly time.
Garden State Physicians
Garden State Physicians
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Factor's strategic tax planning has optimized our financial health and unlocked immense tax savings.
Infoways
Infoways
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Having employees in multiple states can be a compliance nightmare. Factor has taken care of all state and local tax concerns, so we can focus on our business.
Mainfair Pharmacy
Mainfair Pharmacy
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We have been working with the team at Factor for over 25 years. We can be assured that all of our accounting and tax concerns are completely addressed.
New Drug Loft
New Drug Loft
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Choosing Factor was one of the best decisions I made for my business. Their support is invaluable.
Finch Healthcare
Finch Healthcare
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Having a reliable team to handle our business finances is an essential part of our success. Factor is our dedicated partner.
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Have questions about Factor? Reach out and we’ll get in touch with the answers!