Accounting for Medical Professionals

Expert Accounting Services for Medical Professionals in Minneapolis, St. Paul & Rochester, MN

Medical professionals face unique financial challenges—complex income streams, regulatory requirements, and liability concerns that go beyond the scope of typical accounting. At Haworth & Company, we specialize in providing tailored accounting, tax, and payroll solutions for doctors, dentists, optometrists, and other healthcare practitioners.

Accounting Solutions for Medical Practices

Running a medical practice means balancing patient care with the demands of financial management. Whether you’re a solo practitioner, part of a partnership, or managing a larger clinic, the financial side can feel overwhelming. Our accountants understand the complexities of healthcare and provide proactive solutions that keep your practice financially strong.

Common Financial Challenges for Medical Professionals

Complex Income Streams: Many practitioners earn from multiple sources—salaries, private practice, consulting, and investments. Each has unique tax implications that require precise management.
Practice Management: Billing, coding, accounts receivable, and reporting become more complex as practices grow. We provide systems and oversight to keep everything organized.
Regulatory Compliance: Healthcare is one of the most regulated industries. We help ensure your practice stays compliant, reducing the risk of costly penalties.
Liability & Risk Management: From liability insurance to asset protection, we advise on financial strategies that minimize risk and safeguard your future.

Specialized Accounting for Child Care Centers

Daycare providers face unique regulations and financial structures. We help child care businesses with services tailored to their industry:

Accounting: We simplify complex account tracking, including multiple locations and varied enrollment options, ensuring accuracy and consistency.
Tax Services: From subsidies to grants, we help you manage the impact of government programs while maximizing tax efficiency.
Payroll: Payroll is often your largest expense—we streamline processing with Employer on the Go and HR On‑Demand to ensure accuracy, compliance, and efficiency.
Business Consulting: Our advisors provide guidance on pricing, profit margins, equipment investments, and growth strategies such as opening new locations.

Tax Savings & Projections

Even successful multi‑location businesses can miss opportunities. With our guidance, this client uncovered hidden inefficiencies, closed underperforming sites, and opened stronger ones. We also introduced cost segregation studies to accelerate depreciation and increase cash flow. Later, when a buyer made an offer, we guided the client through the implications of an asset vs. stock sale, projected the tax impact, and advised on how to negotiate more favorable terms. Armed with this insight, they avoided a deal that wasn’t in their best interest.

Specialized Services for Medical Professionals

We go beyond general accounting to provide solutions designed specifically for healthcare providers:

Business Consulting

We provide initial strategy and monthly reviews to help you plan for the future.

Accounting Essentials

Our services include monthly bank reconciliation and the preparation of monthly financial statements.

Income Tax

We handle your annual tax preparation and provide audit protection for added peace of mind.

Payroll Services

We simplify payroll for employees, subcontractors, and union workers, supported by Employer on the Go and HR On‑Demand.

Why Medical Professionals Choose Haworth & Company

We know your priority is your patients, not paperwork. That’s why so many medical professionals across Minnesota trust Haworth & Company as their accounting partner. We bring deep industry knowledge, a proactive approach, and a commitment to protecting your practice’s financial health.

With us, you’ll feel confident knowing your finances are handled with care, leaving you free to focus on what matters most—providing excellent care to your patients.

Hear From Our Valued Clients

Matt Holt

20:52 14 May 25

My small business would be struggling without these guys. Great team and they are quick to respond when I need help.

Quality Construction Cleaners

13:17 05 May 25

I can't say enough good things about Kathleen and Logan over at Haworth Rochester branch. They have been working hard to help me get my company setup the way it should have been over 9 years ago. The level of detail and help they are offering to help me save money and be sustainable is amazing. If your looking for an accountant make sure you find one that will actually work to save you money and help your company grow. I was with one local company and they did NOT do a good job for my company and it has hurt be very badly financially... Katheleen if fixing that! Call her NOW for your business, they work with businesses of all sizes.

Stephen Johnson

16:26 09 Apr 25

I’ve had my taxes done here for several years and they’ve done a great job with navigating the unique aspects of my taxes as a pastor. They are organized, up to date on new tax laws, and I’ve had good turn around time on my taxes.

Steve Adams

20:02 17 Mar 25

Andrew Piva

20:09 07 Oct 24

I have had a very pleasurable experience working with Logan and Heather the last 2 years of owning a business. They have kept me up to date on my Financials, as well as any trends they notice, good or bad. They are honest and paint an accurate picture of my business for me, the good, the bad and the ugly. I can tell their team actively looks for ways to reduce my tax burden. They also give me advice to share with my customers on how my services can benefit them as well, come tax time. Haworth was one of my first investments when I opened my business and I can say with 100% certainty that they have been a huge part of my success.Keep up the good work HaworthLogan and Heather are absolute Allstars.

Dalton Shirley

11:41 25 Sep 24

Haworth has been great from day one. Very knowledgeable and attentive to our needs personally and as business owners.

Sara Hellerud

21:18 03 Jul 24

Love all of them! Heather is my "go to" gal! She is prompt, professional and accurate!!!

Seamus Kolb

00:43 25 Jun 24

Angie and her team are wonderful to work with! Highly recommend if you own your own business.

Janky Gear

00:08 18 Nov 23

I can't sing enough praises about Haworth & Co!They have an eagle eye for catching errors that I have overlooked, saving me money and time. They are by the book. I never need to worry about compliance or audits. And they ensure all my employees are paid on-time!They are more than just an accounting firm; they are an essential part of the Janky Gear team! This is a great firm to start your new business with. Set your books up the right way and feel confident as you grow!Thanks for all your hard work.

Brien Slawik

00:11 06 Aug 23

I'd like to mention that our firm has been using the services of Haworth and Co. , LTD for over 14 years. Whether it's your corporate financial statements, payroll, tax returns or book keeping you'll find competent, friendly, affordable and reliable service. I most highly recommend this firm.

Greg

13:21 27 Jul 23

Simply the best! Super responsive, professional, friendly and very competent in their work. 10 stars if I could!

Shane Glasgow

13:37 15 Mar 23

Fred Gommels

22:37 09 Jan 23

Angie, Heather and Jessica are the best! They were amazing help, especially during the pandemic. During that time when life was in turmoil for small business and everyone else... all 3 were quick to respond to all of our requests. No question is ever too small to be addressed. They are accurate, smart and give great advice. We have been with Haworth & Co for more than 25 years, and look forward to many more years to come.

Dani Ramseth

15:22 20 May 22

Bridget has been extremely patient with me as I try to navigate the financials of my small business. She guides me along and is quick to respond to all of my questions and needs! I appreciate all of her hard work!

David Larson

17:09 01 Mar 22

Our company has used Haworth & Co. long before they purchased Johnson-Giere. We deal with Nathan Dittmer, Jean and Cindy. They are an all star cast. We are a small company, so getting ones attention is huge for us. Their follow up and attention to detail is stellar. Most importantly is their knowledge. They don't miss a trick. I would highly recommend them to anyone seeking their help. They also do out personal business owners taxes, FYI.

Hansen's Custom Countertops

21:35 16 Dec 21

Hansen's has enjoyed a 25 year history with this valued trade partner since our inception in 1996... Their transition to Haworth & Company has only improved the already stellar level of confidence and trust that we enjoy with them handling our accounting. Thanks for everything Nathan!

Ben Sowieja

14:28 07 Dec 21

When starting my electrical contracting business, I knew I would need an accountant to help me navigate things. It has now been over 10 years, and as we have grown, so has our relationship with Haworth. Haworth has been a vital part of my business and always will be.

Tim Drkula

22:04 19 Nov 21

Friendly, professional & knowledgeable

Shameless Inc

18:07 13 Nov 21

The team at Haworth is excellent to work with. They do a great job staying on top of my books and accounting. I also really appreciate they proactively help me when tax rules change or upcoming plans are needed. They are always there to help so I can stay on top of my business.

Jennifer Novak (JENNIFER)

15:51 12 Nov 21

Thank you to Kim and her team for outstanding service. We appreciate all the help with PPP compliance and guiding us through the COVID 19 pandemic.

Alan Lindgren

21:47 10 Nov 21

Whenever I need help, it's always provided. Vickie is my savior!!

Tom McGreevy

21:39 09 Nov 21

We have used Haworth and Company as our accounts for over 25 years.

William Alexander Lode

22:24 08 Nov 21

Tina Nelson

21:04 08 Nov 21

Hayworth has been great to work with! Bridget is friendly and quick to respond to any questions.

Tim Sandlin

19:01 08 Nov 21

We have been with Haworth for 5 years Bridget is the best. Always on top of everything and easy to work with. Bridget is always there to answer any question and always seems to have the answer you need to know. Very professional company.

Dave Netten

14:49 08 Nov 21

Strong attention to detail and always available. I've been both a small business client and a personal tax client and their service and delivered product are excellent!

grant brekke

21:26 05 Nov 21

Haworth has been my company's accountant since 1989. Many companies have tried to get my business, but there is no need to change when you have been taken care of so professionally for 32 years. Haworth is the best!!!

CHAD SKARTVEDT

18:39 05 Nov 21

Kim and Lisa at Haworth have been a wonderful team to work with. They help me stay organized and keep me appraised of items needed for the future. They are always there to answer my questions and have given me valuable tips on business decisions that I might not otherwise have known. I can't imagine my business with out their expertise.

Keith Aune

18:29 05 Nov 21

We have used Haworth for decades and couldn't be happier. They do great work and are very detailed. When times got really tough for many small businesses during the pandemic Haworth was there for us. The helped us successfully navigate the many programs that were available to us.

David Rodriguez

19:29 06 Mar 21

The Tiger King

23:58 15 Oct 20

Minnesota Motorworks

23:54 15 Oct 20

If looking for an accounting firm we would definitely recommend Haworth and Company. Not only are they priced very fair, they do great work and have been proven to work on tight timelines....Don't search further give them a call

Chris Welhaven

23:14 21 Feb 19

Jeremiah Johnson

14:19 29 Aug 17

Great Service. Everyone was super nice.

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Frequently Asked Questions

Have questions about how we can help your specific business? Find answers below or contact us for more details.

Why do medical professionals need specialized accounting?

Because complex income sources, strict regulations, and liability concerns require specialized expertise that general accounting firms may not provide.

How do you help with regulatory compliance?

We stay current on healthcare regulations and ensure your practice remains compliant, avoiding penalties and protecting your license.

What tax strategies benefit medical professionals most?

We assist with retirement planning, real estate ownership strategies, multi-source income management, and deductions specific to healthcare providers.

Can you help me plan for the future of my practice?

Yes. We provide guidance on succession planning, practice expansion, and retirement strategies to secure your financial future.

Help Your Medical Practice Thrive

Don’t let financial complexity distract you from patient care. Partner with Haworth & Company and gain a trusted advisor who understands the business of healthcare.