CFO Services

At Cerebral Tax Advisors, our CFO Services are designed to support medical professional practice owners in making informed and strategic financial decisions. Whether you’re looking to improve profitability, optimize your cash flow, acquire new equipment or expand your medical practice, our team is here to provide the expertise you need to achieve your goals.

Who Can Benefit from CFO Services?

New Practices: If you’ve recently started your practice and want to establish a solid foundation for growth, our CFO Services will help you strategize effectively with tools like forecasting, budgeting, and KPI tracking.

Established Practices: If your practice is already established but facing cash flow challenges, or if you’re considering expansion, our CFO Services can identify key opportunities and areas for improvement.

How our CFO Services can help your practice

Cash Flow Analysis & Forecasting

Our CFO Services assist in understanding and projecting your practice’s cash flow. This ensures you have the financial backing needed for significant investments, like expanding your facilities or purchasing new equipment.

Efficiency and peace of mind

We work closely with you to create budgets that reflect your growth objectives. This includes preparing for large purchases, managing costs, and planning for future growth, so you can make confident decisions.

KPIs & Benchmarking

We track Key Performance Indicators (KPIs) such as collections rates, receivables, and provider performance. This data gives you a detailed understanding of where your practice stands and how it can improve.

Partner Allocations & Profit Centers

If your practice has multiple partners or locations, our CFO Services can help allocate expenses and revenues accurately. This ensures each partner’s contributions and profits are properly accounted for, leading to equitable distributions.

FAQs

Why choose Cerebral’s CFO Services?

With over 20 years of accounting experience and specialized expertise in medical and dental practices, our team understands the unique financial challenges faced by healthcare providers. Choosing Cerebral means opting for white-glove service, access to top industry talent, a dedicated team of professionals, and the confidence that your financial affairs are managed with exceptional professionalism and attention to detail.

What Are CFO Services?

CFO (Chief Financial Officer) Services go beyond traditional accounting and bookkeeping. They provide a high-level view of your practice’s financial health, offering insights into areas such as cash flow management, budgeting, forecasting, and key performance indicators (KPIs). Our CFO Services help practice owners take actionable steps to grow, optimize, and maximize the value of their business.

What is the difference between CFO Services and Bookkeeping?

Consider monthly bookkeeping services if your business is growing, you need accurate and up-to-date financial records, and you want to ensure tax compliance. CFO services are ideal when you need strategic financial planning, cash flow management, and profitability enhancement, especially if your business has complex financial needs or is planning to expand. Both services provide valuable financial insights and free up your time to focus on core business activities.

When should a practice consider CFO Services?

A practice should consider CFO Services when it is planning for significant growth, facing cash flow issues, or needing more advanced financial insights to make strategic decisions. Additionally, if an office or practice manager is feeling overwhelmed with the financial responsibilities, or if there’s a need to identify potential fraud or discrepancies in financial records, CFO Services can provide crucial oversight and support.

Can I use CFO Services if I already have bookkeeping?

Yes! CFO Services are an add-on to bookkeeping, providing a strategic layer of financial management that goes beyond basic record-keeping. They help you make informed, data-driven decisions to grow your practice.

Schedule a Free Tax Discovery Session

After answering a few questions, please choose a date and time for the meeting. Your answers will help us be better prepared to analyze your situation.

During this 30 minutes virtual meeting, we’ll take some time to get to know each other.

We’ll discuss:

Your unique scenario
How we are different from other tax professionals
How our 2x ROI guarantee works
How we determine the return on investment in our services
Our pricing and next steps
Any questions or concerns you may have

Ready to Schedule? Fill out the form ➟

Note: To honor our 2X ROI guarantee, our clients must earn a minimum of $400,000 in taxable income annually and own a business earning $50,000 or more as an independent contractor. For those without a business but earning $400,000 or more in taxable income annually, we offer an Investor Package, which is popular among medical professionals with high W-2s who also invest in real estate and other investments.