As the head of an outsourced accounting firm that serves OD practices and other small and medium-sized businesses, my new clients are often amazed by the results of our onboarding process. We usually find a number of gaps in their operations, including accounting errors, inaccurate financial statements, and process inefficiencies. I always assure my new clients that no matter how diligent they or their staff thought they were, it’s beneficial to have a second set of more experienced eyes handle this area.
After all, as an OD, you wouldn’t let an accountant examine and care for your patients’ (or let alone your own) eyes, so why does it make sense for you to handle your practice’s financial operations?
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