Effective financial management is essential for healthcare businesses, and having a bookkeeper with Revenue Cycle Management (RCM) experience can provide a significant advantage. Unlike a general bookkeeper, an RCM-experienced professional understands the complexities of healthcare billing, reimbursement processes, and revenue recording. This expertise translates into better financial oversight, improved forecasting, and stronger business insights. Here’s how:

The intake process is the foundation of a strong financial and operational structure in healthcare. While often viewed as an administrative task, a well-managed intake process significantly impacts back-end collections by fostering transparency, setting clear financial expectations, and facilitating open communication. Here’s how a strategic intake process can improve collections and financial stability.

Starting an Applied Behavior Analysis (ABA) business requires careful planning, a strong ethical foundation, and a deep understanding of financial and operational factors. Since ABA therapy is focused on supporting individuals with behavioral needs, establishing a sustainable and effective business must prioritize patient care while maintaining financial stability. Here are three essential steps to launching an ABA business successfully.

For many organizations, having a full-time Chief Financial Officer (CFO) may be unnecessary or cost-prohibitive. However, financial oversight remains critical for ensuring sustainability and growth. A Fractional CFO offers expert financial leadership at a fraction of the cost, providing strategic oversight, optimizing financial processes, and leveraging technology for short and long-term savings. Here’s are three ways a fractional CFO can add value to your organization.

Economic downturns present unique challenges for healthcare businesses, as they must continue providing quality care while maintaining financial stability. Managing a recession effectively requires strategic adjustments to contracts, financial assessments, and operational efficiencies. Here are three critical areas to focus on.

Healthcare costs can be a significant burden for many families, especially when faced with high deductibles, copays, or coinsurance. When a patient is unable to pay their required portion, healthcare providers must balance financial sustainability with patient care. Here are key strategies to navigate these situations effectively.