Pro Business Tax
ICHSC Diagnostic Clinic Accounting & Advisory
Video Introduction
Video Introduction
Why Diagnostic Clinic Accounting Is Different
ICHSC diagnostic clinics operate under strict Ministry of Health licensing and oversight. Depending on the clinic’s license, modalities may include X-ray, ultrasound, Bone Mineral Density (DEXA/BMD), mammography (OBSP), nuclear medicine, and vascular ultrasound.
Maintaining clean, accurate books is paramount. Errors in financial reporting are scrutinized by the Ministry, lenders, and stakeholders. These clinics are essential healthcare providers with operationally intensive models involving staffing, patient care, referring physicians, typists, equipment partners, lenders, and reading radiologists.
With rapid advances in technology and AI, clinic operators must deeply understand both operations and financials to adapt to a changing macro and regulatory environment.
Case Study – Fixing a Broken Financial Reporting Chain
A diagnostic clinic relied on a mid-tier accounting firm and a remote bookkeeper with no coordinated workflow. This disconnect led to bookkeeping errors, reporting delays, CRA penalties, and mounting frustration among ownership.
When the clinic engaged us, it was four years behind on bookkeeping and tax filings. Our in-house bookkeeping team immediately organized and corrected the financial data, which was then compiled and reviewed by our CPA accountants.
After final review with ownership, all outstanding tax filings were completed and submitted to the CRA within four weeks of engagement. This outcome reflects our internal coordination, communication, and workflow efficiency — grounded in experience, expertise, and genuine care for our clients.
Why Pro Business Tax & Accounting
Our founding partner holds ownership stakes and serves as CFO for multiple ICHSC diagnostic centres. This hands-on experience gives us a deep understanding of licensing requirements, operational pressures, and stakeholder expectations unique to diagnostic imaging clinics. We provide an end-to-end solution that is efficient, accurate, and affordable — giving clinic owners confidence in their numbers and clarity for the future.
Our Diagnostic Clinic Services
- Full-service bookkeeping and reconciliations
- Payroll, source deductions, WSIB, and T4/T4A slips
- CRA compliance and penalty remediation
- Monthly financial reporting and KPI dashboards
- Year-end corporate tax returns (T2)
- CFO advisory, budgeting, and expansion support
Typical Monthly Engagements
ICHSC diagnostic clinic engagements typically range from $700 to $1,500+ per month, depending on modalities offered, staffing levels, reporting complexity, and advisory needs. Pricing is fixed and confirmed following an initial assessment.
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Frequently Asked Questions – Gas Stations
ICHSC clinics operate under Ministry of Health licensing with strict compliance, multiple modalities,
and complex stakeholder relationships requiring specialized accounting.
Clean, timely financials are critical for Ministry reviews, lender covenants, and maintaining credibility
with stakeholders.
Yes. We specialize in multi-year catch-up projects and bring clinics current efficiently.
Yes. We support budgeting, cash-flow planning, expansion analysis, and strategic decision-making
We support QuickBooks Online and Xero aligned to clinic workflows.
Most ICHSC clinics invest between $700 and $1,500+ per month depending on size and complexity.
Book a confidential consultation to assess needs and outline a path forward.