The Phillips Group

The Phillips Group Healthcare professionals know how complicated finances can be. That’s why our business, The Phillips Group, is focused on making finances easier to understand.

The Phillips Group is a California-based accounting firm that helps dental and medical professionals nationwide achieve personal, professional, and financial growth. Our mission is to help our clients make sense of their finances so they can focus more on their patients and practice. We want to give dental and medical professionals the type of advisory they deserve: one that helps them understand their money and eliminates the fears surrounding it.

We're honored to see our CEO, Laura Phillips, E.A., join Lester De Alwis on the Less Insurance Dependence podcast to dis...
07/14/2026

We're honored to see our CEO, Laura Phillips, E.A., join Lester De Alwis on the Less Insurance Dependence podcast to discuss one of the biggest misconceptions in dentistry:

A busy practice does not automatically mean a profitable practice.

For practices considering a transition away from PPOs, financial readiness matters just as much as clinical excellence. Before making a move, your numbers should confirm you're prepared, not your emotions.

A few key takeaways from the conversation:

🦷 A full schedule doesn't guarantee financial success. Insurance write-offs have become so common that many dentists don't realize how much revenue they're giving up until they see the numbers.

🦷 Production is not collections, and collections are not profit. Looking only at production goals tells just one part of the story. Your financial statements reveal the complete picture.

🦷 Before dropping even one PPO, practices should have two things in place: healthy cash flow reserves and a stable, sustainable payroll. Without both, a strategic transition can quickly become a financial strain.

🦷 Every successful transition starts the same way a great diagnosis does: with data. Know your production, adjustments, collections, expenses, and net profit before making any major decisions.

Leaving PPOs isn't simply a strategic decision. It's a significant financial event. The practices that navigate it successfully are the ones that understand their numbers before making the transition.

🎧 Listen to the full episode here: https://apple.co/4f61yUN

If you're evaluating whether your practice is financially prepared for greater insurance independence, we'd be happy to help you assess the numbers before you make the leap.

🌐 Learn more at phillipsgrouptax.com or call us at (714) 667-2311.

This  , we’re reminded that stewardship matters in every form. At The Phillips Group, that belief extends beyond the wor...
04/22/2026

This , we’re reminded that stewardship matters in every form.

At The Phillips Group, that belief extends beyond the work we do for healthcare professionals and the practices they lead. It also shows up in how we serve our community, support local causes, and look for meaningful ways to make a positive impact.

Small actions, taken consistently, create lasting change, whether in business, in our neighborhoods, or for the future we all share.

Happy Earth Day from all of us at The Phillips Group.

Address

2300 E. Katella Avenue , Suite 405
Anaheim, CA
92806

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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