Building A Strong Financial Offense

Vince Lombardi said, "...the best defense is a strong offense."  A strong offense is built on the consistent practice of the right fundamentals.  For a business, the pathway to profit is dependent on a scalable business model and the consistent practice and execution of the right mix of business fundamentals.  These fundamentals directly impact your company's ability to generate revenues, increase profitability, and improve cash flow.  

 

The Healthcare CFO's strong corporate, operational, and entrepreneurial finance practice benefits you and your company. 

  

Here are just a few of the many services we can help you with:​

Profitability Consulting

Offensive Financial Strategies

 
 

Improving Profitability

Sales Revenue

  • Identifying new sales markets, customers, products, and services

  • Analyzing market data - supply and demand

  • Sales and revenue forecasting

  • Pricing new and existing products and services

  • Analyze sales mix and validating sales margins

  • Reviewing commercial and financial contract provisions

  • Mitigate risks embedded in contracts

  • For physicians, looking at contract adjustments by insurance payor

  • Measuring profitability by customer, provider, location, service/product, etc.

 

Managing Costs

  • Reducing Cost of Goods Sold or Costs of Sale

  • Accurate project and cost accounting

  • Calculating and making sense of manufacturing variances

  • Opportunities to reduce Selling, General, & Administrative Costs

  • Utilizing digital workflow to reduce paper and streamline approvals

Focusing on the Supply Chain

  • Procurement

  • Warehousing and dispatch best practices

  • Inventory management

  • Accounting for and managing chemical mixes

  • Manufacturing activity-based accounting

 

Improving Productivity 

  • Tracking performance indicators like uptime, planned and unplanned downtime, safety, etc.

  • Simplifying and optimizing operations, processes, and systems

  • Leveraging technology, automating, and integrating ERP modules

  • Utilizing technologies to perform high volume, low-value work

  • Outsourcing certain functions

 

Reduce Finance Costs thru Operating Cash Flow

Cash Flow & Working Capital

  • Cash flow forecasting 

  • Shortening the Cash Conversion Cycle

  • Tracking and focusing on A/R Days Outstanding

  • Drilling into Athena/Eclinical Revenue Management Cycle Data

  • Aligning terms in customer and vendor contracts

  • Inventory purchases and reorder points

  • Establishing credit processes

  • Managing Accounts Receivable and Accounts Payable 

  • Securing debit and equity capital

 

Actionable Insights for Decision Making

  • Cash flow forecasting, capital budgeting, & rolling forecasts

  • Sales and marketing analysis - markets, sales mix, customer insights

  • Cash and working capital analysis and recommendations

  • Accurate and timely monthly financial reporting

  • Budget to Actual variance analysis

  • Tracking project costs and milestones

  • Production, operational and financial key performance indicators (KPIs)

  • Financial ratio, breakeven, cost, & trend analysis 

 

ABOUT US

The Healthcare CFO is a Virtual CFO Advisory and Business Consulting Firm. We help physician-owned practices, family-owned businesses and direct investment, and executives of private medical and health services, biotech and life sciences, medical device manufacturers, health tech and b2b healthcare companies accelerate their growth and take them to the next level.  We offer a range of specialized Outsourced CFO Services including Physician CFO Services, (for medical practices and doctors), Virtual Interim and Fractional CFO Services, Startup CFO Solutions, Outsourced Financial Planning and Data Analytics Services (FP&A), Cash Flow Forecasting, Profitability Consulting, Strategic Advisory Services, and Board Advisory Services.  The Healthcare CFO serves clients across Texas: Austin, San Antonio, Houston Metro, Dallas Fort Worth Metroplex, Texas Gulf Coast, and West Texas.

The Healthcare CFO and our parent company, The Energy CFO, is headquartered in San Antonio, Texas. We are a woman-owned small business. 

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SAN ANTONIO, TEXAS

San Antonio, TX 78280

Telephone 210-802-8640

HOUSTON, TEXAS

Houston, TX 77077

Telephone 832-521-8190

MAILING ADDRESS 

All Correspondence:

The Healthcare CFO, LLC

PO Box 160145 

San Antonio, TX 78280​

Copyright © 2019 - 2021 The Healthcare CFO, LLC.  All rights reserved.
The Healthcare CFO, LLC is not a CPA firm.
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