Financial, accounting and legal services for the medical industry and healthcare sector in Panama

Outsourcing accounting, financial planning and legal services lets healthcare professionals protect their practices, optimise their tax burden lawfully and give their full attention to their patients' wellbeing.

Specialised financial services for the medical and healthcare sector

Poor financial management at a clinic or practice can put at risk the liquidity needed to maintain high-tech equipment or buy essential supplies. We provide strategic consulting to keep your medical practice profitable.

Profitability assessment and cash flow management

We analyse the structure of operating costs by procedure or medical specialty. We monitor projected cash flow to make sure collections from private insurers, direct patient payments and supply costs keep the liquidity you need without disrupting operations.

Tax planning for healthcare professionals and institutions

We design tax strategies for independent physicians and medical companies in line with the rules of the Dirección General de Ingresos (DGI). We optimise the deduction of operating expenses, accelerated depreciation of medical equipment and the proper handling of income tax (ISR).

Legal services for the medical industry and healthcare sector

Practising medicine and running healthcare facilities carry significant legal responsibility. A team of lawyers specialised in health and corporate law is essential to prevent litigation and ensure regulatory compliance.

• Advice and representation in obtaining, renewing and updating operating permits, licences for practices, clinics and laboratories, and registrations with the Ministry of Health (MINSA) and its Pharmacy and Drugs Directorate.
• Detailed drafting and review of informed consent documents for clinical and surgical procedures, ensuring the healthcare professional is legally protected.
• Implementation of strict protocols for handling medical records and sensitive patient data, bringing your practice into line with Law 81 in Panama.
• Drafting of practice lease agreements, partnership agreements between physicians and alliances with insurers, and legal representation in professional liability proceedings or health claims.

Accounting services and tax compliance for healthcare

Accounting in the medical industry has its own particulars regarding service invoicing, tax exemptions or charges and withholding on professional fees.

• Specialised accounting records: accounting control of fee income, hospital services and commissions, with the correct technical treatment of high-tech fixed assets and the amortisation of medical equipment.
• Electronic invoicing and integration: implementation of Panama's mandatory Electronic Invoicing system, adapted to practice management software or clinic payment points, ensuring timely reporting to the DGI.
• Income tax returns: preparation and filing of tax returns for individuals and companies in the healthcare sector, making legitimate use of the applicable incentives and deductions.

Payroll and staff management in the medical sector

Managing people at clinics and laboratories calls for rigour, given rotating shifts, night on-call duty and the particular labour rules for nursing, technical and administrative staff.

Payroll processing and severance

We handle the fortnightly and monthly calculation of salaries, overtime, on-call shifts, the 13th month, holidays and severance under current Panamanian labour law.

Social Security Fund filings (SIPE)

Full management of the monthly payroll through the CSS SIPE platform. We make sure you obtain the employer's certificate of good standing (Paz y Salvo) on time, a document required to contract with the State, private insurers and healthcare suppliers.

Why the medical industry chooses EYSH Financial

Having a boutique firm that understands how the healthcare market works in Panama is a decisive advantage for your medical practice or institution.

• At EYSH Financial we bring tax analysis, accounting control and health-law protection together, closing the information gaps between accountants and lawyers to give you complete coverage.
• Our team knows the dynamics of medical billing, insurer withholdings and tax schemes for physicians with a mixed (public and private) practice, protecting your personal and corporate assets.
• We protect your clinic or practice from fines or temporary closures by MINSA, the CSS or the DGI, keeping your licences and accounting obligations up to date at all times.
• Do away with costly in-house administrative staff. With EYSH Financial you get top-level executive advice scaled to the actual volume of your practice or medical centre.