Monthly Financials for New York PI MDs & Chiropractors: Beyond the Bank Balance

New York combines high-value cases, a sophisticated plaintiff bar, no-fault medical billing complexity, and one of the most demanding regulatory environments for both attorneys and providers.

PI medical practices in New York run a business model that confuses almost every generalist bookkeeper: you deliver care today and get paid — partially — when someone else's lawsuit settles in eighteen months.

The two lies a standard P&L tells a PI practice

1. The fantasy version: billed charges booked as revenue. Your lien book says $1.2M; your realistic collections after reductions might be $650K. Decisions made on the fantasy number are how practices overhire and overbuild.
2. The chaos version: cash-basis lurching, where a big settlement month looks like growth and a quiet month looks like crisis, and neither means anything.

What we build instead

• A managed lien book: every LOP tracked by patient, referring attorney, and case status — aged monthly.
• Reduction-adjusted expected value: collection rates by referring firm and case type applied to receivables.
• Cash vs. lien mix reporting: so you can see dependence on settlement timing and manage it deliberately.
• Referring-firm scorecards: which attorneys' cases actually pay, how fast, and at what reduction — data that should shape whose LOPs you accept.

Built for New York providers

We've served the PI provider community for over 20 years, and we bring that history to practices across New York: monthly financials, tax planning tuned to long collection cycles, and lender-ready reporting when you're financing growth.