BOTTOM LINE GROWTH
Profitable Bottom Line Growth
Whether you are a for-profit healthcare business or not-for-profit, you have to have positive net revenue after expenses in order to thrive in an increasingly competitive and regulated healthcare industry.
Unlike some business consultants, I can actually read and understand how to properly analyze financial statements, including income statements, balance sheets and cash flow statements.
How I Add Value That Impacts Your Bottom Line
I’m sure that you or people who work for you can evaluate your financial statements. My job is not to replicate their efforts or advice but rather to bring additional insights from the perspective of an outsider who has worked with thousands of healthcare businesses.
The world of healthcare is changing so fast that it’s hard to keep up with or have a complete picture of the impact of frequent changes in the business of healthcare overall and how it affects your business in particular.
You have to be able to interpret how your financial health is influenced by changes over time and, more importantly, how to anticipate trends and implement strategies that keep you ahead of the change curve instead of chasing and reacting too late to what you should have seen coming.
No matter how smart you are, you and/or others on whom you rely for advice may be too close to your business and may have some unintended bias or lack of enough outside real-world perspective.
I understand this issue from both sides. I have also relied on outside analysis in my own businesses because I wanted to make sure that my team and I were not missing anything that could have had a critical impact on my business strategy and profitability.
I can do the same for you. I can provide you the benefit of context, perspective, and understanding of how certain industry trends will or should affect your business strategy going forward.
Bottom Line Expense Categories
Personnel (salaries, wages, and benefits)
Equipment
Supplies (med/surgical supplies, pharmaceuticals, implants and other materials)
Mortgage/Lease and other space-related costs
Travel
Consulting
Advertising
Events
Publicity
Utilities
Malpractice and General Liability
Other legal expenses
Depreciation and amortization
Interest
Additional Resources
I have close affiliations with companies that provide or assist with the following services under my direction:
Accounting Services
Financial Planning
Coding & Reimbursement
Mergers and Acquisitions
Ownership Transition
Valuation
Tax Planning and Strategies
HIPAA Compliance
Laboratory Compliance (CLIA)
OSHA Compliance
Regulatory Compliance
Risk Mitigation
Credentialing and Provider Enrollment
Payor Contract Negotiation Services