Accounting For Medical + Healthcare Practices

Grow your practice with optimised processes and accurate, timely financial data.

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Let us help with your practice accounting. So you and your staff can give all your focus to patients.

Fixed price accounting and financial management for GP, Dental & Allied Health providers.


Aretex can support your GP Practice, Medical Centre, Dental Clinic or Allied Health Practice with effective medical-specific accounting and financial management. We have the people, processes, and technology to manage it most efficiently.

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Owners + Principals

You run a medical or health practice to help people, not to manage internal accounting systems. Reduce the costs of your accounting function, eliminate double-handling and costly re-work, and deploy practice resources to where they are more valuable. Leave the numbers to the experts.

Practice Managers

Practice managers are the glue that holds everything together. Often wearing many hats within the practice leaves them stretched thin. Remove some of the pressure from these essential team members and let them focus on delighting patients and clients. Helping better grow the practice.

Practitioners

Providers need to spend less time checking for payment inaccuracies and more time treating patients, or with friends and family. Ensuring accurate, timely distributions and efficient practice financial management will lead to greater satisfaction among doctors and providers and improve their retention rates.

Our Services

Accounting + Bookkeeping

Payroll, bank reconciliations, doctor distributions, BAS, expensing + invoicing, and much more. Don't leave your practice finances to those too busy or ill-equipped to manage it.

Medical Business Advisory

Business finance advise, cashflow forecasting, profitability analysis + targeting, improved cost controls, running + growing your practice. We help healthcare businesses grow more efficiently.

Technology Services

Aretex Technology Services offers you full access to an IT support team. Delivering IT infrastructure, systems integration, automation and digital transformation to your practice.

Data Management

Our proprietary technology and strict data security protocols offer a cost-effective data management solution focused on speed, accuracy, and safety.

Process Automation

Leverage our decades of experience and technological know-how to streamline and automate your practice processes. From accounting and finance to back-office admin.

Compliance + Business Intelligence

Minimise operating headaches and avoid costly financial penalties. We provide accurate tax due diligence + compliance, strategic forward planning, and company secretarial management.

Surgical Partners Solution

If your practice or group is running Surgical Partners, we can provide ongoing management and support to ensure you get the most out of the platform. You've bought the Ferrari, we've got the skills to drive it properly.

Surgical partners medical practice accounting and bookkeeping solutions

Technology Partners

Our technology integration partners include automed systems, cliniko, best practice, dental4windows, Hicaps, medicare, myob, pracsoft, surgical partners, smart health solutions, tyro, xero and zedmed

Aretex has dramatically improved the timeliness, consistency and accuracy of our accounting. Improving working capital position, on-time BAS lodgement, GST refunds before bills fall due, ATO compliance, freeing up in-store staff to focus on customer service and eliminating after-hours bookkeeping. Aretex's ability to scale as we grow has given us the confidence to implement them across our entire network of over 100 stores.


Andrew Crawford

CFO, Blooms the Chemist

Focus on your patients.

Leave the numbers to us.

If you're tired of your practice's accounting and financial management being reactive and compliance driven and you want access to timely, accurate and actionable data - then we should have a chat.

Articles + Media

January 30, 2025
Some outsourced service providers are simply ticking boxes. You assign the task; they execute. Sure, the job gets done, but are they building greater efficiencies, improving legacy processes, or driving overall business growth? There is a clearcut difference between outsourcing, or offshoring, and employing a managed services provider (MSP). The latter provides all the features and benefits you’ve come to expect from traditional outsourcing models – cost savings, specialised knowledge and/or expertise, and freeing up internal resources – but the key difference is that it’s outcome driven. Managed Services typically refers to IT management. However, the model extends to other verticals, such as accounting and bookkeeping, financial management, business admin and other essential non-core business functions. In fact, the most effective solutions often provide some, or even all, of these services under the one banner. Creating a completely integrated eco-system that can remove single points of failure, scale up or down as you need them to, and provide access to real-time business data and intelligence. Here are the 9 most compelling reasons to consider a fully integrated managed services partner over a traditional outsourcing arrangement. Built-In Redundancy In business, the unexpected isn’t a question of if but when. A server might crash, a key employee could resign, or an accounting error might throw your financial reporting off track. The question is: how resilient is your business when these scenarios strike? This is where a managed services provider with integrated offerings like IT, accounting, and business administration can be your safety net. When you think of redundancy, you might imagine duplicating staff or systems, both of which are costly and often impractical. However, a Managed Services Provider has redundancy built into their structure. A multi-functional provider ensures these gaps are seamlessly covered. Their team of specialists work collaboratively across departments, so critical functions are never left unattended. No onboarding time, no productivity loss—just continuity when you need it most. Streamlined Communication A single provider simplifies the chaos with one point of contact. Allowing communication to become seamless, straightforward, and efficient. Whether you’re discussing a financial report, IT upgrade, or operational query, there’s no confusion about who to contact. When services are integrated, there’s less room for misinterpretation. Your integrated partner already understands the nuances of your business and ensures that all aspects – from tech support to financial management – are working in harmony. This results in fewer delays, better collaboration and improved business data and information. Cost Efficiency Managing multiple vendors means juggling contracts, invoices, and service-level agreements. Each vendor adds a layer of administrative complexity that eats into your team’s time and resources. With a single Managed Services Provider, these tasks are simplified – one contract, one invoice, and one point of contact. Leaving you with fewer headaches and more focus on what matters: running your business. Individual vendors often operate in silos, each offering their own pricing structure with little regard for how they align with your overall business goals. A consolidated MSP, on the other hand, bundles services into a cohesive package. Leveraging economies of scale and passing the savings onto you. Plus, you’re not just saving on the services themselves; you’re also cutting costs associated with onboarding, training, and ongoing management of multiple vendors. Holistic Approach When you work with a Managed Services Provider that handles multiple functions – like financial management, IT, and business administration – they don’t just manage tasks; they understand your business from every angle. They see the bigger picture, connecting the dots between departments that often work in silos. For example, your IT needs aren’t separate from your financial goals. A great MSP can implement tech solutions that reduce manual accounting errors or automate repetitive admin tasks, cutting costs and boosting efficiency. Their unique vantage point allows them to align strategies across all areas of your business, so everything works together seamlessly. Because an MSP knows your business so intimately, their advice isn’t one-size-fits-all – it’s tailored, actionable, and proactive. They can identify inefficiencies, recommend smarter solutions, and even foresee challenges before they arise. Growing and supporting your business with systems and strategies that are built for the journey. Enhanced Data Integration With consolidated services, your data stops living in silos. Financial data, IT metrics, and operational workflows feed into the same system, creating a unified data ecosystem. Synchronising in real-time across functions to reduce errors and inconsistencies that arise when data is passed between separate vendors. Imagine having your sales reports seamlessly linked with financial forecasts or IT usage data informing staffing decisions. A single provider ensures all your business data works together harmoniously. Good decisions require good data. A single outsourced partner brings with them standardised process and a single, integrated source of truth. Minimising discrepancies and ensuring your reports tell the true story of your business. With improved data integrity, your business can: Make better financial decisions Build stronger plans and strategy Spot trends earlier Identify cost-saving opportunities Track performance against KPIs with confidence Reduce Risk Different vendors handle key aspects of your business blurs the lines of responsibility. Who owns what? Who’s accountable when things go wrong? These gaps in responsibility are fertile ground for delays, errors, and inefficiencies. When there’s a single point of ownership for all managed functions, if an issue arises, there’s no passing the buck. Removing the ambiguity that often plagues multi-vendor setups. This also allows for greater customised risk mitigation strategies, such as robust data backup and disaster recovery plans, fraud detection measures for financial transactions, or automated systems to flag errors or discrepancies in real time. Enhanced Security Security breaches don’t discriminate—they target weak points, no matter how small. By consolidating your operations with a single managed services provider, you’re fortifying your defences with a unified, robust approach to data security. Unified Security Framework - Each provider may implement its own security measures, tools, and protocols. While individually strong, these measures often fail to align seamlessly, leaving gaps for cybercriminals to exploit. Centralised Monitoring & Threat Response – With centralised systems, a single provider monitors, detects, and neutralises threats across all functions. Minimising downtime and protecting sensitive information. Reduced Human Error – Working with multiple vendors increases the likelihood of human error, whether it’s mishandling credentials or failing to apply an important software patch. An MSP brings centralised control, ensuring that only authorised personnel can view, edit, or share sensitive data. In a world where one click can bring a business to its knees, strength lies in unity. Trust a single to close the gaps, protect your data, and let you focus on what truly matters: growing your business with confidence. Access to Specialised Expertise Running a business demands specialised skills, but hiring top-tier experts in every field can be costly and complex. A Managed Services Provider will simplify this by giving you access to a curated team of professionals in accounting, IT, financial management, and business administration – all under one roof. Working collaboratively to offer a cohesive, big-picture approach and a seamless partnership that delivers smarter, faster solutions. An MSP’s team stays ahead of industry trends and technology upgrades, ensuring your business benefits from cutting-edge innovations without extra effort. From AI-driven financial forecasting to robust IT security measures, they bring fresh ideas and tailored strategies to the table. And because they operate on a scalable model, you can adjust the level of support as your business evolves, avoiding the hassle of hiring and firing while keeping costs efficient. Ultimately, a single MSP delivers the expertise you need without compromise, combining flexibility, innovation, and cost-efficiency into one streamlined solution. With the right partner, you don’t just gain access to specialised knowledge – you unlock a strategic advantage that helps your business thrive. Innovation and Technology Upgrades Technology is evolving at warp speed and will only accelerate further with ongoing advances in AI and large language models (LLMs). Keeping your business ahead of the curve in this rapidly shifting environment will be no small feat. A multi-faceted Managed Services Provider offers seamless access to cutting-edge tools and innovations that drive outcomes. Reducing the noise of following the latest hot trend to deliver enterprise-grade technology tailored specifically to your business’s needs. Unlike reactive solutions that address problems after they arise, MSPs take a proactive approach. Continuously monitoring systems, upgrading tools as better options become available, and ensuring everything integrates smoothly across all operations. The result? A future-ready business with less downtime and more productivity. If your current outsourcing provider isn’t delivering what you need from them, or requires more resources to manage than they should, it might be time to consider a fully managed service partner. With a team of over 200 professionals locally and abroad, Aretex can assist your growing business with accounting and bookkeeping, IT implementation and support, financial management, business admin and data management. Acting as an extension to your existing team and scaling up or down to meet your business need. Get in touch
Business Lessons from acclaimed series - The Bear
January 5, 2025
The Bear might be about the chaotic world of running a struggling Chicago sandwich shop, but beneath the clatter of pans and the relentless cry of "Yes, Chef!" lie lessons that any business – whether a high-end fashion label, legacy law firm, or forward-thinking tech startup – can learn from. The show’s sharp storytelling doesn’t just capture the frenetic pace of kitchen life; it mirrors the challenges, failures, and triumphs of running a modern business. Here are 15 things The Bear teaches us about business and leadership. 1. Take Stock Before You Take Over Carmy’s arrival at The Original Beef of Chicagoland wasn’t a glorious takeover - it was triage. The books were a mess, debt was mounting, and systems were non-existent. Like any smart leader, he knew the first step was understanding the chaos. Businesses often inherit outdated systems or financial disarray, and the lesson here is to prioritise an audit of your processes, technology, and finances. For example, using a managed services provider to streamline your accounting and IT systems can turn chaos into clarity. 2. Build a Team That Believes in the Vision Carmy didn’t just need skilled cooks; he needed people willing to buy into his vision for something better. Similarly, businesses thrive when their teams aren’t just skilled but aligned with the company’s goals. Investing in staff development and clear communication, much like Sydney and Marcus’ culinary growth, can transform employees into advocates for change. 3. Systems Create Success (And Calm) The infamous “Brigade System” Carmy introduces to the kitchen isn’t just about discipline; it’s about efficiency and accountability. Businesses, especially SMBs, often operate with fragmented systems. Adopting robust IT infrastructure and implementing cohesive workflows ensures smoother operations. For instance, a managed IT service can centralise your tools, automate processes, and minimise downtime—allowing your team to focus on what they do best. 4. Embrace Digital Transformation, But Stay True to Your Roots The transition from "The Beef" to "The Bear" highlights the tension between tradition and innovation. Businesses face similar challenges when modernising. Integrating new technologies like cloud accounting or automated bookkeeping is essential, but the values that define your business shouldn’t get lost in the upgrade. 5. Know Your Numbers One of Carmy’s biggest battles was understanding how bad the financial situation really was. Many businesses operate without clear visibility into their financial health. Accurate bookkeeping, timely financial management, and transparent reporting are non-negotiables. A virtual CFO or managed financial service can provide actionable insights, ensuring your decisions are data-driven, not gut-based. 6. Your People Are Your Most Important Asset Richie may be a wildcard, but Carmy knows the value of loyalty and institutional knowledge. Investing in employees’ growth, offering clear career paths, and recognising contributions builds a culture of loyalty. Similarly, outsourcing non-core tasks like bookkeeping or IT frees up your team to focus on higher-value work, avoiding burnout and dissatisfaction. 7. The Power of Delegation Carmy tries to do it all in the first season, but he quickly learns that delegation isn’t just helpful—it’s essential. Businesses often fall into the trap of leaders wearing too many hats. Partnering with experts in IT, financial management, or business admin lets you focus on strategic growth while leaving the details to the pros. 8. Manage Crises with Grace From grease fires to near walkouts, Carmy and his team face constant crises. The way they react—remaining calm, communicating clearly, and focusing on solutions—offers a blueprint for business leaders. Whether it’s an IT outage or a financial shortfall, the key is having systems and support in place to manage problems effectively. 9. Transparency Builds Trust In a pivotal moment, Carmy lays everything out for his team—the struggles, the debt, and the hope. Businesses that operate transparently, particularly with financial reporting and decision-making, foster trust among employees, stakeholders, and customers. 10. Listen to the Experts Sydney’s suggestions might initially rub Carmy the wrong way, but he eventually realises her insights are invaluable. Similarly, hiring managed service experts in IT, accounting, or admin gives businesses access to specialised knowledge that can transform operations and identify opportunities for growth. 11. Respect the Grind, But Don’t Lose Yourself Carmy’s relentless drive comes at the cost of his mental health. Business leaders often risk burnout when they don’t prioritise self-care. By outsourcing repetitive tasks like payroll, IT support, or admin, leaders can focus on strategy while maintaining a work-life balance. 12. Small Changes Have Big Impacts Sydney’s tweaks to the menu and Marcus’ obsession with perfecting desserts show how small changes can lead to big wins. Businesses, too, can achieve major efficiency gains through incremental improvements, such as automating financial reporting or adopting CRM software. 13. Own Your Mistakes When things go wrong—whether it’s Sydney walking out or a catering disaster—Carmy takes accountability. Owning mistakes builds credibility and fosters a culture of learning. A transparent review process for financials or IT issues ensures errors don’t become patterns. 14. Culture Eats Strategy for Breakfast Even the best-laid plans fail without a strong culture. Carmy’s journey is as much about creating a team as it is about crafting Michelin-starred meals. Building a collaborative and inclusive workplace culture starts with clear values, open communication, and investing in employee well-being.  15. Plan for the Unexpected The $300,000 tomato cans may be an extreme example, but every business needs a contingency plan. Having cash flow reserves, disaster recovery IT solutions, and adaptable strategies ensures you’re ready for whatever comes your way—whether it’s a supplier shortage or a tech failure. The Bear reminds us that running a business is messy, chaotic, and often thankless – but it’s also an opportunity to create something meaningful. Whether you’re revamping a kitchen or transforming a company’s accounting, IT, and administrative systems, success lies in strategy, adaptability, and a relentless focus on improvement. At the end of the day, business isn’t about perfection - it’s about progress. As Carmy says, “Every second counts.”
August 14, 2024
Every month, the major operating system providers release the list of vulnerability patch updates made to their platforms throughout the month. We summarise them here for you all in one place. Many of these vulnerabilities are classified as allowing remote code execution or elevation of privileges. Essentially this means the vulnerabilities may allow an attacker or malicious software to install software without your knowledge or consent and take actions without you being aware. This could result in key logging, where passwords, credit card details and other data are harvested, use of your device as a "bot" that can be used to attack others, theft of data from your device, and many other malicious activities that you can think of.  Over the last month the following vulnerabilities patches have been released
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