OMiga has partnered with SLMMS to offer members the opportunity to take advantage of their cloud-based accounting and other services at significantly reduced fees for their medical practice. Their objective is to provide clients with simple, world-class services that help them operate and grow their business profitably.
The founders of OMiga, Ed Hagan and Dan Sills, each spent over two decades as partners in accounting and consulting firms, advising everything from startups to Fortune 500 organizations around the world. “Along the way,” explained Sills, “we’ve started and run businesses ourselves, and have gone through the challenges of trying to wear every hat. We’ve also invested in startup and growth companies. We’ve seen what works and what doesn’t. There is so much to be learned, which is at the core of why we started OMiga.”
“We enjoy working directly with business owners, entrepreneurs, and physicians,” he continued. “Decisions get made, change is swift, and our team can have direct positive impact on their bottom line. Many small businesses, including physician practices, try to do too much on their own, often because they want to hold on to everything. They believe hiring someone costs too much or they will lose control.”
“At OMiga, we understand the challenges of running your practice while keeping up with the financial and administrative details. We put the systems, processes and people in place to help,” added Sills.
OMiga has designed a service plan tailored to meet the needs of independent medical practices. The full-service accounting program, offered at a discounted monthly package price for SLMMS members, includes daily update of financial records; integrated reports; accounting for all transactions; bank reconciliations; an assigned accountant with backup; budget and benchmark reports, access to QuickBooks Online, and unlimited phone and email support. The plan does not include medical billing. Physicians may add-on several optional services for an additional fee, including payroll, bill payment, and income tax preparation. For any non-medical practice businesses owned by SLMMS members, OMiga will offer a 15% discount on standard service rates.
The advantages of letting OMiga provide back-office services not only provide built-in backup and controls, but it allows the physician to maintain privacy of their information while always having business and tax records up-to-date. More than anything, it decreases risk and increases information while freeing up valuable physician and staff time.