← Back to all healthcare verticals
Industries · Healthcare · Medical Practices

CFO services for medical practices and physician groups.

A physician group is several businesses sharing a roof: each provider, each location, each ancillary line has its own economics. We bring finance leadership that measures them separately and manages the whole — through associate-to-partner transitions, payer shifts, and expansion.

At a glance
Primary care and specialty
3–60 providers
Fee-for-service and value-based
Independent and sponsor-backed
The problems

The finance problems that define this segment.

01

Profitability is averaged.

Revenue per provider is known; profit per provider after compensation, support staff, and allocated overhead usually is not — so the group cannot see which providers, sites, or service lines carry it.

02

Receivables cycles vary by payer and nobody owns them.

Days in receivables of 45–60 with denials in the low teens is treated as normal rather than as a managed number.

03

Associate-to-partner transitions are priced by precedent.

Buy-in valuations, income-distribution formulas, and buy-out terms set years ago and applied to a group that has changed.

04

Ancillary revenue is under-measured.

Imaging, labs, infusion, procedures, and retail lines are launched for convenience and never given their own profit and loss statement, equipment payback, or compliance cost.

05

Value-based contracts arrive without measurement.

Quality bonuses, shared savings, and capitation offered to groups that cannot yet track the metrics they are paid on.

06

Capital decisions lack a model.

Equipment, build-outs, and new locations financed on the strength of demand alone, without break-even or cash requirement.

07

Owner compensation hides the business's profit.

Partners are paid what is left; nobody knows whether the practice returns anything beyond wages.

How we work

How we run finance here.

  • Per-provider and per-site profitability monthly, with support-staff and overhead allocated on defined drivers.
  • Revenue cycle management metrics — first-pass acceptance, denial rate by reason, days in receivables by payer, patient-balance collection — owned and trended.
  • Payer contract calendar and negotiation cases built on cost per visit and access data.
  • Partner economics — market-rate compensation for clinical and administrative roles, practice profit stated separately, buy-in and buy-out models refreshed to current value.
  • Ancillary line reporting — each line with revenue, direct cost, allocated cost, equipment payback, and compliance cost.
  • Value-based readiness — measurement infrastructure, attribution, and contract modeling before signing.
  • Capital planning — equipment and site models with utilization ramp, break-even, and cumulative cash.
  • Accrual close and management pack by business day 10.
Metrics

Key metrics we build and report.

MetricWhat it tells you
Contribution margin per provider and per siteWhere the practice actually earns
Visits per provider-day and work relative value unitsProductivity
Net collection rate by payerReimbursement reality vs. contract
Days in receivables and denial rate by reasonRevenue cycle health
Patient-balance collection at time of serviceFront-desk discipline
Ancillary line margin and equipment paybackWhether convenience lines pay
Support staff per provider and cost per visitOverhead efficiency
Value-based metric attainmentBonus and risk exposure
Partner compensation vs. market and practice profitTrue return on ownership
In practice

Worked example.

A 12-provider multi-specialty group, three sites, $14.6M revenue, two ancillary lines.

The plan: revenue cycle overhaul on the largest payer; site-3 schedule and staffing redesign with a 90-day decision point; imaging utilization program or exit; partner compensation restated to market with a distribution policy; buy-in formula refreshed.

Experience

Where we’ve done this.

Independent groups growing from a founding partnership to multi-site organizations; specialty practices adding ancillary lines; groups navigating partner transitions and buy-outs; sponsor-backed physician platforms integrating acquired practices. Pattern-level only.

Questions

Frequently asked questions.

Still have a question? Email [email protected]

We have a practice manager and a billing company. What do you add?

The layer above them: economics by provider and site, ownership of the revenue cycle numbers, partner economics, capital models, and a monthly pack the partners can act on.

Can you value a partner buy-in or buy-out?

We model practice value and distribution formulas for the partners' decision; formal valuations for legal proceedings are referred to a qualified valuation specialist.

Do you work with management services organizations?

Yes, including the reporting structures between the clinical entity and the management company.

What about tax?

We coordinate with your tax advisor on entity structure, distributions, and planning; we are not your tax preparer.

Let's talk

Tell us about the organization.

One conversation about where the numbers stand and what the next stage needs from finance. We will tell you where we can help, where you need someone else, and what it would cost.

The information on this page is provided for general informational purposes and does not constitute accounting, tax, legal, or investment advice. Reimbursement, licensing, and compliance matters in healthcare depend on payer contracts, state rules, and the specific facts of the organization and change frequently. Figures in examples are illustrative. See our full Legal Disclaimer.