Healthcare

Businesses operating within healthcare face a distinct set of evolving challenges that demand consistent and reliable financial expertise and adaptability.

CFGI is a frictionless partner ready to bring perspective and attention to detail in order to supplement and enhance your financial and accounting operations as you address challenges such as:

• Maintaining compliance with regulatory and financial reporting standards.
• Reimbursement changes, from contracted or government payer rate changes to the transition from fee for service to value-based care.
• Finding innovative ways to manage expenses while maintaining high-quality care standards.
• Addressing the disruption of labor shortages and supply constraints and their impact on financial and contingency planning.
• Safeguarding patient health information with robust cyber security.

The health services industry is evolving and CFGI has experienced that first-hand through supporting the unique journey of our clients across the spectrum of the industry.

Traditional healthcare business models are being disrupted in all sub-sectors. We have the experience and stand ready to help both new entrants and traditional participants to navigate this (r)evolution. We have deep experience across all sub-sectors of healthcare services, including:

• Hospitals, Health Systems & Large Providers 
• For profit & not-for-profit 
• Primary, acute, post-acute, step-down and long-term care  
• Ambulatory care and specialty physician practices 
• Revenue cycle management and Health IT 
• Managed Care and Care Co-ordination 
• Digital Health & Analytics
• Value-Based Care
• Pharmacy & Pharmacy Benefit Management
• Benefit Management
• Behavioral Health and Recovery
• General & Specialty Dental
• Staffing, Consulting & Other Services

Selected highlights from our team resumes:

• Owned and built a multi-location healthcare staffing and outpatient therapy clinic business, before exiting to a financial sponsor.
• Spent over a decade at a Dental Service Organization supporting over 860 Dental Offices. He led all aspects of the financial close and reporting processes in a high-volume environment, managing over 860 locations and published over 1,700 Income Statement reports and Balance Sheet reports monthly.
• A finance leader with the largest Behavioral Healthcare company in the country.

• Helped an integrated care provider seamlessly execute on their year-end close and audit after they were impacted by unanticipated turnover in their financial team.
• Helped a growing health intelligence organization execute a public reporting readiness project, focused specifically on close acceleration and FP&A.
• Helped a healthcare software and services client with revenue recognition analysis, resulting in changes to sales contracts to benefit the client.
• Helped a major acute hospital provider create $50 million of cost savings through helping transition multiple service areas, including RCM and patient services, to a global business center.
• Helped a newly formed portfolio company of a large international PE firm to integrate and consolidate three different portfolio companies in the healthcare space to create a new $160 million enterprise value company.
• CFGI’s restructuring team assisted a community hospital facing economic headwinds and potential closure. The hospital emerged from Chapter 11 preserving hundreds of jobs, resolving medical malpractice litigation, and continuing care to lower income neighborhoods.
• Assisted a large private equity backed specialty physician practice expand its service offerings through due diligence of multiple acquisition targets.