Home Results Case Studies Physician Practices​
Interim CFO to successfully develop processes and integrate multiple acquisition companies

An operator of 180 physician practices across seven states needed an interim CFO while it searched for a permanent CFO. The Company had made fifteen acquisitions of practices over the prior 18-month period and was looking to add additional practices. Harney was responsible for integrating the practices including: billing, payroll, and payable system, as well as monthly financials and cash flow forecasting.  ​

The Solution
Oversaw the financial and treasury functions​
Supervised seven (7) direct reports and 60 indirect reports, including financial reporting, billing and collections, accounts payable, physician contracts, budget and analysis​
Interfaced with senior management on strategic issues and acquisitions​
Provided monthly reporting / forecasting to private equity firm​
Responsible for weekly borrowing base reporting and cash flow management​
The Results
Successfully completed two acquisitions
Implemented an expense approval process​
Worked with outside counsel on resolution of billing issues​
Negotiated amendments to leases reducing monthly lease costs​
Transitioned CFO role to full time replacement​
Services & Roles
Interim Management
Interim CFO for operator of 180 physician practices​
*Some engagements may have been performed by team prior to joining Harney Partners.