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About PM&F

Services We Provide
Industries We Serve
Office Locations
Staff Profiles

rofile of Parrish, Moody, & Fikes, p.c.

Parrish, Moody & Fikes, p.c. is a local accounting firm which maintains offices in Waco, Austin, Dallas, and Marlin, Texas. Our practice consists of tax, accounting, auditing, computer programming and installation, and management advisory services. In the audit area, our focus is on hospital and governmental clients. Today Parrish, Moody & Fikes, p.c. represents more than 150 hospitals and other health care related providers.

Parrish, Moody & Fikes, p.c. was originally W. M. Parrish and Co., established over 50 years ago by Mr. W. M. Parrish, Sr. We are a professional corporation licensed by the Texas State Board of Public Accountancy. Our firm currently consists of seven shareholders in active practice; W. M. Parrish, Jr., Gloria J. Fikes, Kermit Lowe, Carol S. McIntosh, Michael Oatman, Cass Sansom, and Deborah R. Whitley, all of whom are Certified Public Accountants licensed by the Texas State Board of Certified Public Accountants.

In 1996, David Hunt and Doctors Management Services joined our firm providing practice accounting and tax preparation/planning services, with a strong emphasis in medical and dental practice management.

Our firm includes over thirty CPAs and is a member of the American Institute of Certified Public Accountants (AICPA), Texas Society of Certified Public Accountants (TSCPA) and Central Texas Chapter of the TSCPA. Our memberships also include Texas Hospital Association (THA), Texas Organization of Rural and Community Hospitals (TORCH), as well as many other healthcare related organizations.

In an effort to better serve our clients, PMF has a regional affiliation with a network of independent accounting firms, the Southwest Practice Management Group. Through its association with these other firms, PMF extends its capabilities far beyond the central Texas area.

Every three years PMF undergoes a voluntary quality control review by an independent CPA firm. Each time, PMF has received the highest evaluation – an unqualified report.

Services We Provide:

Healthcare Reimbursement Services
Doctors Management Services
Assurance Services
Taxation and Accounting Services
Business Valuations
Grant Applications

Assurance Services

The audit department at PMF provides audits for numerous hospitals and health care providers as well as commercial businesses and non-profit organizations. Our auditing services go beyond generally accepted principles to provide you with timely financial data as well as critical operation information.

PMF has specialized experience in hospital audits; we currently serve over 100 hospitals. Shareholders of the firm are members of American Hospital Association, Texas Organization of Rural and Community Hospitals, Texas Healthcare Association, and the Texas Hospital Association.

Our audit approach places emphasis on the need to understand your operations. Using this approach allows us to not only serve our clients as auditors, but also as advisors. We possess the manpower and expertise to complete your audit in a timely manner with minimum disruption to your staff.

Taxation and Accounting Services

The tax and accounting services department at PMF provides tax return preparation services and tax planning and research services in an effort to minimize the taxpayer’s liability, while still adhering to the rules and regulations of the Internal Revenue Service (IRS). We are also available to represent our clients before the IRS, whether it is simple correspondence or an audit of a tax return.

Our accounting services are designed to assist small business owners and managers in handling the financial responsibilities of their business. We are committed to understanding the innerworkings of your business and helping you make it succeed. We provide not only financial statement preparation, but we also prepare quarterly and annual payroll tax reports and sales tax reports.

Business Valuations

Non-publicly held businesses need to be valued for many reasons:

Business succession planning
Gift and estate planning
Change of ownership
Estate tax purposes
PMF provides business valuation services for all types of non-publicly held businesses including family limited partnerships, sole proprietorships, and corporations. The professionals at PMF analyze not only the company’s financial position, but also review current and future market trends to provide a fair valuation of the business.

Grant Applications

PMF has written numerous grant proposals to request funding on behalf of its healthcare clients. During the past few years many new funding opportunities have become available to assist healthcare providers finance fixed asset acquisitions, building expansions, and training. The professionals at PMF work closely with both the management team of the provider and the organization offering the funding in order to increase the acceptance of the grant proposal.

Industries We Serve

  • Rural Health Clinics – Independent and Provider Based
  • Hospitals
  • Physicians and Dentists – Groups and Solo Practices
  • Community Mental Health Centers
  • Gero-psychiatric Facilities
  • Skilled Nursing Facilities
  • Independent Home Health Agencies
  • Outpatient Physical Therapy Facilities
  • Nonprofit Organizations
  • Retailers
  • Service Industries
  • Small Businesses

Parrish, Moody & Fikes, p.c. Office Locations

7901 Woodway Dr., Suite 100
Waco, Texas 76712
phone: 254.776.8244
fax: 254.776.8277

4407 Bee Cave Road
Building 6, Suite 621
Austin, Texas 78746
phone: 512.372.3495
fax: 512.345.8522

103 Church Street
P.O. Box 570
Marlin, Texas
phone: 254.803.5100
fax: 254.803.2543

801 E. Campbell Road
Suite 638
Richardson, Texas 75081
phone: 972.437.5654
fax: 972.889.8424

Waco Office Has Relocated

The Waco office of PMF moved into a new 19,100 square foot building located at 7901 Woodway Drive on August 17, 2001.  

taff Profiles

William M. Parrish, Jr., CPA
Michael L. Oatman, CPA/ABV
Gloria Fikes, CPA, CFE
Kermit Lowe, CPA
Cass Sansom, CPA
Carol S. McIntosh, CPA
Deborah R. Whitley, CPA
David E. Hunt

William M. Parrish, Jr., CPA
Affiliated with PM&F since 1966
Shareholder since 1970

College and Degree:
University of Texas at Austin, BBA 1966

Areas of Concentration:
Health care Reimbursement and Consulting for Hospitals, Home Health, Agencies, Skilled Nursing Facilities, and Rural Health Clinics

Professional Associations:
Member of American Institute of CPAs
Member and Former Board Member of Texas Society of CPAs
Member and Past President of Central Texas Chapter of CPAs
Member of Technical Advisory Group of the Texas Hospital Association
Faculty Member of the Texas Organization of Rural and Community Hospitals
Member of Board of Directors of Texas Consumer Finance Association
Member and Chairman of CPA Advisory Group of Texas Organization of Rural and Community Hospitals
Member and Past President of Southwest Practice Management Group
Member of American Hospital Association

Author of:

Computer programs for national approval of a Substitute Cost Reporting System for Hospitals and Professional Time & Billing System
Article for “Survival of Hospitals under Diagnostic Related Groups”
In-House Accounting System for Hospitals

Michael L. Oatman, CPA/ABV

Affiliated with PM&F since 1991
Shareholder since 1992

Previous Experience:
CFO American Bank, n.a. – Waco
Staff Accountant -Arthur Andersen & Co.

College and Degree:
Baylor University, Master of Taxation 1990, BBA 1978

Areas of Concentration:
Primarily responsible for audit and accounting practice concentrating on health care and financial services. Additional responsibilities include:

  • Nonprofit taxation issues
  • Business acquisition and merger issues – including physician practices, hospitals and other businesses
  • Business valuations
  • Business operational evaluations such as business office review, internal control studies and accounting system implementation
  • Business valuations

Gloria Fikes, CPA, CFE

Affiliated with PM&F since 1975
Shareholder since 1984

College and Degree:
University of Texas at Austin, BBA, 1969

Areas of Concentration:
Litigation Support, Healthcare Reimbursement, Tax

Professional Associations:
Member of American Institute of CPAs
Member of Texas Society of CPAs
Member of Southwest Practice Management group; past audit committee chairperson
Member of Texas Health Care Association

Member of Association of Certified Fraud Examiners

Kermit Lowe, CPA

Affiliated with PM&F since 1984
Shareholder since 1992

College and Degree:
University of Texas, BBA, 1983

Areas of Concentration:
Healthcare Reimbursement and Consulting

Professional Associations:
American Institute of CPA’s
Texas Socitety of CPAs 
Healthcare Financial Management Association

Cass Sansom, CPA

Affiliated with PM&F since 1998
Shareholder since 1998

Previous Experience:
Blue Cross/Blue Shield of Texas – 2 years

Harold V. Simpson & Co., CPAs – 9 years

KMG Main Hurdman – 2 years

KPMG-Peat Marwick – 10 years

Parrish, Moody & Fikes – since 1998

College and Degree:
Southwest Texas State University, BBA, 1974

Areas of Concentration:
Health care consulting for Hospitals, Home Health Agencies,
Skilled Nursing Facilities, and Rural Health Clinics

Professional Assocations:
American Institute of CPAs
Texas Society of CPAs
Texas Organization of Rural and Community Hospitals
Texas Hospital Association

Carol S. McIntosh, CPA

Affiliated with PM&F since 1992
Shareholder since January 1999
Years of Experience: Over 25

Previous Experience:
Private practice, public accounting

Controller/ Internal Auditor, Oasis Water Company – Subsidiary of The Perrier Group

College and Degree:
Baylor University, Waco, Texas
Bachelor of Business Administration, 1987
Bachelor of Arts, 1971

Concentration Areas:

  • Partner in charge of Tax and Accounting Departments, Waco Office
  • Responsible for all state and federal income and employment tax returns (for individuals and businesses)
  • Estate Planning
  • Responsible for all accounting/write-up services
  • In addition to tax planning and accounting support, special projects include business office reviews, internal control studies, and human resource management.
  • Responsibilities within the firm include coordination of continuing professional education, administration of pension plan, personnel management, and internal tax and accounting.

Professional Associations:
American Institute of Certified Public Accountants
Texas Society of Certified Public Accountants (Central Texas Chapter)
McLennan County Estate Planning Council

Society for Human Resource Management (SHRM)

Deborah R. Whitley, CPA

Affiliated with PM&F since 1994
Shareholder since 1999

Previous Experience:
Virgil F. Carlson, p.c., Georgetown, Texas 2 years
Audit and Tax Staff Accountant

Arthur Andersen & Co., Houston, Texas 3 years
Tax Staff and Senior Accountant

CRSS, Inc., Houston, Texas 3 years
Tax Supervisor

College and Degree:
Southwestern University, Georgetown, Texas
Bachelor of Business Administration, December 1985

Concentration Areas:
Primarily responsible for consulting services concentrating in health care services. Specific projects include:

  • Cost Report Preparation and Analysis
  • Revenue Enhancements and Feasibility Studies for hospitals for both new and existing services
  • Managed Care Analysis
  • Home Health Agency Review and Maximizing

Professional Associations:
American Institute of Certified Public Accountants
Texas Society of Certified Public Accountants

David Hunt

Affiliated with PM&F since 1996

Previous Experience:
Doctors Management Services, Waco, Texas
April 1984 to December 1996

Doctors Management Services, Waco, Texas
Staff Consultant
December 1982 – April 1984

Southwestern Life Insurance Company, Dallas, Texas
Management Assistant, Billing/Collections
through December 1982

College and Degree:
Bayor University, Waco, Texas
Bachelor of Science, 1979

Concentration Areas:

Principal of Doctors Management Services division.
Solo and group practice management consulting and surveys, monthly accounting combined with on-going financial analysis and trouble-shooting, tax preparation and tax planning, personnel management, collections enhancement, practice marketing, patient scheduling strategies, new practice start-ups, facilitating negotiations in hospital recruiting arrangements, group income distribution arrangements, medical practice valuations, new partner buy-ins, mergers and formation of group practices.
Additional Responsibilities:

Writing articles for national publications such as Medical Economics, Physician’s Management, and various county medical society newsletters, including Waco Medicine.
Guest practice management faculty to McLennan County Medical Education and Research Foundation, a family practice residency program based in Waco, Texas.
Frequent speaker for programs conducted by hospitals, medical societies, The Texas Academy of Family Physicians, residency programs, and Parrish, Moody and Fikes, p.c.
Ocassional contributor and member of the editorial advisory board of Medical Office Manager, a newsletter published by Ardmore Publications of Atlanta, Georgia every month since 1987, to which over 4,000 managers throughout the country now subscribe.
Memberships and Affiliations:
National Association of Healthcare Consultants – June 1993 to Present
(Board of Directors – 1997 to Present)

Email David Hunt