Doctors in Australia dedicate their lives to patients, often working long hours under constant pressure. What many do not see is that outside the hospital or clinic, another challenge is quietly building: managing money. High incomes create high expectations, but they also create high risks. Without the right accountant, doctors can easily find themselves paying more tax than necessary, struggling with practice structures, or unsure how to prepare for retirement.
This is why the role of an accountant is so vital for medical professionals. But not just any accountant will do. Doctors face financial realities that most people never experience, and generic advice is rarely enough. That recognition is what inspired Ravi Agarwal and Mina Andrawis to create Medcentric, a financial advisory firm designed exclusively for doctors. Their mission is to show why accounting, when tailored to the profession, can make the difference between financial stress and financial freedom.
Consider the story of a young GP who recently bought into a small practice. She expected the transition to private practice to increase her income, but within two years she was overwhelmed. Her tax bills were unpredictable, her practice loan repayments were eating away at savings, and she had no clear view of how her business and personal finances connected. Her accountant, while competent, treated her as just another small business client. The unique demands of medicine — from Medicare billing to compliance requirements — were not factored into her strategy.
This is where Medcentric steps in. The firm emphasises that accounting for doctors must go beyond compliance. It is not just about lodging tax returns but about designing structures that protect income, manage risk, and plan for the future. A properly structured practice can reduce exposure to tax and make succession possible. An integrated accounting approach can ensure superannuation grows steadily while investments complement, rather than compete with, practice goals.
According to Ravi Agarwal, the difference lies in specialisation. Doctors cannot afford to rely on the same advice given to ordinary businesses. Their careers involve delayed income, sudden jumps in earnings, and exposure to risks that few other professions face. Without specialised accounting, opportunities are lost and unnecessary costs pile up year after year.
Mina Andrawis adds that effective accounting is also about reducing stress. Doctors already carry enough responsibility without having to second-guess whether their financial arrangements are efficient or compliant. With the right structures in place, they can focus fully on patients, knowing their financial life is being managed with the same precision they apply in medicine.
The broader lesson is that accounting is not a background detail. For doctors, it is the foundation of long-term security. A poorly managed tax strategy or a misaligned business structure can undo years of hard work. Conversely, a well-planned approach can free doctors to make choices about their careers and lifestyles with confidence.
This is why Medcentric gives such weight to accounting in its integrated model. By combining tax planning with investment advice, practice structuring, superannuation, and estate planning, the firm ensures that doctors are not just reacting to problems but actively building a secure future.
For doctors in Australia, the message is clear. An accountant is not just someone who fills out forms. The right accountant is a partner in building wealth, protecting assets, and ensuring the sacrifices of medical training lead to lasting stability. Medcentric, under the leadership of Ravi Agarwal and Mina Andrawis, is showing that when accounting is done properly for doctors, it becomes more than compliance. It becomes the key to freedom.
