CFO Advisory for Growing Private Healthcare Practices

Your practice is growing. Is your profit growing with it? Gain clear visibility into profitability, cash flow, and practice performance—with financial dashboards, forecasting, and ongoing CFO Advisory to help you make informed decisions about your practice.

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The Challenges Private Practices Face

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The Challenges Private Practices Face

Growing revenue does not always mean growing profits. Rising payroll costs, declining reimbursements, and unpaid claims can put pressure on cash flow. Without clear financial visibility, it is difficult to know what needs attention—or what to do next.
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Why Choose JEM CFO Advisory?

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Why Choose JEM CFO Advisory?

I’m Yonathan Tekola, CFO Advisor at JEM CFO Advisory. With over 20 years of finance experience, including healthcare, and an MBA with a concentration in Finance, I help private practice owners understand their financial performance and make informed business decisions. I combine financial dashboards, forecasting, and practical guidance to help you identify priorities, manage cash flow, and plan for growth.

Our Financial Services

1. FINANCIAL CLARITY
Understand your practice’s financial performance and where attention is needed. • Monthly financial analysis • KPI dashboard • Budget-to-actual comparison • Cash-flow monitoring • Expense analysis • Payer mix analysis Best for practice owners who need clear, consistent financial reporting to guide decisions.
2. PROFITABILITY & GROWTH
Identify opportunities to improve profitability and evaluate your next stage of growth. Everything in Financial Clarity, plus: • Financial forecasting • Provider productivity analysis • Provider compensation analysis • Revenue-cycle analysis • Service-line profitability analysis • Hiring analysis • Growth planning Best for practice owners who need financial guidance on staffing, operational performance, and growth opportunities.
3. STRATEGIC CFO ADVISORY
Bring CFO-level financial guidance to complex decisions and long-term planning. Everything in Profitability & Growth, plus: • Rolling financial forecasts • 13-week cash-flow forecasts • Multi-location performance analysis • Financial scenario modeling • Expansion analysis • Capital investment analysis • Strategic planning • Monthly CFO advisory meetings Best for larger or more complex practices navigating expansion, investment decisions, or multiple locations.

Financial Clarity in Action

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Financial Clarity in Action

See profitability, collections, cash reserves, and provider performance in one place. JEM CFO Advisory helps turn these insights into clear priorities and next steps. View the sample dashboard using the button below. Synthetic data and illustrative targets; not actual client results.
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Our Engagement Process

1. Initial Consultation Discuss your practice’s financial challenges, goals, and the level of support you need. 2. Assessment & Setup Review your financial information, establish a KPI baseline, and develop a dashboard and prioritized action plan. 3. Ongoing CFO Support Review performance, identify priorities, and track progress. Forecasting, operational analysis, and advisory meetings follow the scope and schedule of your selected package.

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Schedule Your Consultation

Book a complimentary 30-minute consultation to discuss your financial challenges, priorities, and whether JEM CFO Advisory is the right fit.
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Frequently Asked Questions

CFO Advisory provides the financial leadership and strategic insight of a Chief Financial Officer without the cost of hiring a full-time CFO. For healthcare practices, this can mean turning financial data into actionable decisions around cash flow, profitability, budgeting, forecasting, payer performance, provider productivity, compensation, and growth. Bookkeeping and accounting focus primarily on recording, organizing, and reporting financial activity. CFO Advisory goes a step further by using financial information to support management decisions. JEM CFO Advisory focuses on questions such as where the practice is making or losing money, what is driving changes in profitability, how much cash the practice may need, which areas of the business are performing as expected, and what the financial impact of major decisions may be. Our role is to help turn financial information into a practical management tool for better decision-making.

Your bookkeeper maintains day-to-day financial records, while your CPA may handle tax preparation, compliance, and accounting guidance. JEM CFO Advisory builds on that information to help you interpret performance, forecast cash flow, evaluate profitability, and plan for growth. We complement your existing team with financial analysis and decision support.

Our services are designed for privately owned healthcare practices that need clearer financial reporting, support with profitability and cash flow, or guidance on growth decisions. Our three service packages accommodate different needs—from establishing financial visibility to providing ongoing CFO guidance for larger or more complex practices.

Yes. Revenue growth does not necessarily translate into increased profitability. A practice can generate more revenue while experiencing pressure from staffing costs, provider compensation, payer mix, reimbursement rates, operating expenses, billing and collections, or other factors. We can analyze the financial drivers behind the numbers to help identify what is affecting profitability and where opportunities may exist to improve performance.

Yes. Depending on your selected package, we review cash-flow trends, collections, aging receivables, denials, and payment timing to identify where cash may be getting delayed. We help prioritize actions with your billing team and develop forecasts, where included, to anticipate upcoming cash needs.

Yes. Budgeting and forecasting are important components of effective financial management. We can help develop practical budgets and rolling forecasts that allow practice leadership to compare actual performance with expectations and identify financial trends before they become larger problems. Forecasting can also help management evaluate the financial implications of hiring, expansion, capital expenditures, compensation changes, and other major decisions.

Yes. Payer mix and reimbursement can have a meaningful impact on practice profitability and cash flow. We can help analyze payer performance and identify trends that may be affecting revenue and margins. This gives practice leadership a clearer understanding of where reimbursement is performing as expected and where further investigation may be warranted. The goal is to help you better understand the financial impact of your payer mix and make informed decisions based on the data.

Yes. Provider compensation should be evaluated in the context of productivity, collections, expenses, profitability, and the overall economics of the practice. JEM CFO Advisory can help develop or evaluate compensation models and analyze provider-level financial performance so that practice leadership has better information when making compensation and staffing decisions.

Every practice is different, so the engagement is designed around your organization's needs. Depending on the scope of the engagement, our work may include financial analysis, budgeting and forecasting, KPI development, cash-flow management, revenue-cycle analysis, payer analysis, provider productivity and compensation modeling, profitability analysis, and strategic financial planning. We focus on the areas that can provide meaningful insight and support better management decisions.

Day-to-day bookkeeping is not included. Requests outside the agreed scope are reviewed and quoted separately. Urgent or after-hours support is not included unless agreed in advance.

The information required depends on the scope of the engagement. Typically, we begin with available financial statements and relevant operational information and then determine what additional data is needed for the analysis. The goal is to work with the information your practice already has whenever possible rather than creating unnecessary administrative work.

The timing depends on the practice, the quality and availability of financial information, and the issues being addressed. Some opportunities become apparent quickly once financial and operational information is organized and analyzed. Other initiatives—such as improving forecasting, changing compensation structures, or addressing revenue-cycle issues—may require a longer implementation period. Our focus is on identifying the issues that matter most and establishing a practical path forward.

No. CFO Advisory can be valuable when a practice is under financial pressure, but it can also help a healthy practice improve financial visibility, plan for growth, evaluate an investment, prepare for expansion, or make better-informed financial decisions. Proactive financial management can help leadership identify opportunities and potential risks before they become urgent problems.

Book a complimentary 30-minute consultation using any consultation button on this page. We’ll discuss your practice’s goals, financial challenges, and the level of support you need, then determine whether an engagement is a good fit.

Get in Touch

Contact JEM CFO Advisory

(813) 857-7919
yonathan.tekola@jemcfoadvisory.com
Monday–Friday: 9:00 a.m.–6:00 p.m. Eastern Time