The Accounting team provides full support services for all department, division & physician’s accounts as well as performs all accounting functions for University Physician Associates and Doctor’s Center Management Corp.

Accounting services include, but are not limited to:

• Daily Deposits includes the reconciliation of department money log sheets for funds collected by Patient Account Representatives (PAR) and submitted to UPA for patient revenue and departments fund. Deposit tickets are prepared to distinguish UPA, McKesson and On-Site cash received.
• Physician Distribution involves the determination and review of data and compensation management reports for use in the distribution of funds. The process includes the evaluation of department formulas and UPA taxes used in the calculation of compensation. The previous month’s collections are then used to distribute current month’s funds.
• Accounts Payable process involves the preparation of checks for all invoices/check request submitted by the departments to UPA and DCMC.
• General Ledger captures all transactions completed by the issuance of Accounts Payable checks, physician distributions, daily deposits and month-end general journal entries. The report is generated for a specific time period and is distributed to each department administrator and physicians with overhead accounts for review and verification
• Projected Budget – using prior year revenue and expense numbers and the anticipated rate of increase, a projected budget is prepared for the next fiscal year. The numbers are then used to ensure that expenditures are not exceeded.
• 1099 Miscellaneous Income process involves the generation of tax documents for faculty, vendors and consultant’s compensation. These forms are also submitted to the IRS on an annual basis
• Faculty Listing reports all full time faculties (FTE greater than or equal to .50 and charges of $2,500 or more) by department. This information is used to allocate the number board representative for each department.
• Financial Reporting process involves the preparation of Income Statement; General and Administrative expense schedule and Balance sheet on a monthly basis. These reports are prepared using the monthly activities as well as month-end journal entries and adjustments. The financial statements for both UPA and DCMC are then compared to the projected budget numbers and variance analysis are performed.
• Audit manages UPA’s independent audit