Mis-Managed Finances Cause Practices to Struggle With...
Budgeting for growth and expansion of the practice
Overcommitting capital to expanding practice
Understanding ongoing cash-flow requirements
Maintaining an optimal % of profit each year
Manage Your Practice For Growth
Understanding the nuances of expense management and industry specific tax credits is difficult. We work with your internal team to implement cost accounting principles and apply all available tax credits to maximize cash flow and profit.
Manage Cash Flow
We help you avoid a cash crisis by projecting when, where, and how cash will be needed throughout the year. Then, we he help identify the best sources to meet your additional cash needs and maintain healthy relationships with your bankers, so that your practice can thrive.
Plan for Future Growth
We work to understand your goals for the future and design the appropriate financial systems and processes to help you achieve them. As partners, we review your financial results regularly and apply experience learned across industries to help you do more of what you love and remain profitable.
Knowing how much cash you need to have on hand is hard.
You went to school to pursue your passion for providing health and healing to your community, not to be an expert in accounting and cash-flow management. But we did. And, we’ve helped thousands of providers plan for and achieve growth that allows them to expand their practices and their reach.
Your Practice's Financial Success is Our Priority
At WCH we know that you want to grow your practice so you can do more of what you love for more people. In order to do that, you need to have a solid understanding of your current practices’ financials so that you can grow intelligently. The problem is understanding balance sheets is difficult and is not something you are an expert in, making it easy to overextend yourself financially and risking success. We believe all health care providers ought to have an external advisor that will help them minimize expenses, understand cash flow, and establish a plan for future growth.