Healthcare

Situation

A multi-site healthcare services provider was experiencing rapid growth but lacked the finance infrastructure to support it. Reporting was maintained on a cash basis, accounts receivable balances were growing, and management had limited insight into collections performance and cash flow. The company was not currently preparing for a sale, but leadership needed better financial visibility to manage growth and risk in a reimbursement-driven environment.

Our Role

We were engaged to provide outsourced accounting and fractional CFO support. Financial reporting was transitioned to an accrual basis, with improved visibility into revenue, receivables, and collections by payor. We worked closely with management to implement stronger review processes, develop cash flow forecasting, and introduce more structured financial reporting for leadership.

Outcome

Leadership gained a clearer understanding of operating performance and cash dynamics across the business. Collections visibility improved, forecasting became more reliable, and financial reporting supported better operational decisions. The company was able to continue scaling with greater financial discipline and reduced risk.