Healthcare Industry
CFO Services for Medical Practices
Revenue cycle management, compliance reporting, and financial planning for physician practices.
Can you help with physician compensation models?
Yes. We design compensation models that align physician incentives with practice goals while ensuring Stark Law fair market value compliance. We understand the trade-offs between different compensation structures and help practices find models that work for their specific situation.
Financial Leadership Built for Medical Practices
Medical practices operate in one of the most financially complex industries. The revenue cycle involves multiple payors with different rules, prior authorizations, claims submissions, and collections processes. Physician compensation must balance fairness and motivation while complying with Stark Law and Anti-Kickback regulations. And the constant changes in reimbursement and regulatory requirements demand ongoing attention.
At 1CFO, we've worked with medical practices across specialties—from primary care to surgical specialties to multispecialty groups. We understand the revenue cycle from patient scheduling to final payment. We know how to analyze payor mix, optimize collections, and design physician compensation models that align incentives with practice goals while maintaining compliance.
Whether you're a solo physician looking to improve practice economics, a growing group navigating the complexities of adding providers, or an established practice preparing for strategic options, we provide the fractional CFO expertise that medical practices need to succeed.
Ready to Transform Your Finances?
Get a free consultation with a CFO who specializes in medical practices.
Serving businesses from $2M to $50M+
How We Help Medical Practices
Our specialized CFO services address the unique financial challenges of your industry.
Revenue Cycle Optimization
Improve clean claim rates, reduce days in AR, and increase collections. We analyze your revenue cycle from scheduling to payment and identify specific improvement opportunities.
Compliant Physician Compensation
Fair, motivating compensation models that comply with Stark Law and Anti-Kickback requirements. We help you align physician incentives with practice goals.
Healthcare Compliance Support
Financial processes and reporting that support healthcare regulatory compliance. We ensure your financial operations align with healthcare requirements.
Practice Growth Planning
Financial analysis for adding providers, expanding services, or opening new locations. We help you understand the financial implications before committing.
Payor Contract Analysis
Analyze contract terms, benchmark against market rates, and prepare for negotiations. We help you optimize your payor relationships.
Provider Performance Analytics
Understand productivity and profitability by provider. We help you see how individual physicians contribute to practice economics.
The Medical Practices Financial Landscape
The medical practice environment has become increasingly challenging. Reimbursement pressure from both government and commercial payors continues. Administrative burden has grown with prior authorization requirements and documentation demands. Competition for staff has driven up labor costs. And the shift to value-based care is changing how practices think about revenue and patient relationships.
Despite these challenges, well-managed medical practices can thrive. Success requires mastery of the revenue cycle—ensuring that services are properly coded, claims are submitted cleanly, and collections are pursued diligently. It requires understanding practice economics at the provider and service line level. And it requires compliance with the regulatory framework that governs healthcare.
For practices considering growth or strategic options—adding providers, expanding locations, joining a larger group, or partnering with private equity—financial sophistication is essential. Understanding practice valuation, modeling growth scenarios, and positioning for optimal outcomes requires expertise beyond day-to-day financial management.
Why Work with a Medical Practices Financial Specialist?
Medical practice financial management requires specialized knowledge that general-purpose CFOs lack. Revenue cycle management involves healthcare-specific complexities—coding, claims submission, denial management, appeals. Physician compensation must account for Stark Law fair market value requirements. And financial analysis must consider RVUs, collections per visit, and other healthcare-specific metrics.
Our team has deep experience specifically with medical practices. We understand how to analyze revenue cycle performance and identify improvement opportunities. We've designed physician compensation models across specialties that align incentives while maintaining compliance. We know how to benchmark practice performance and identify opportunities for improvement.
We also understand the healthcare regulatory environment. While we're not attorneys, we know how to structure financial arrangements that support compliance, and we work effectively with healthcare attorneys when specialized legal guidance is needed.
Medical Practices Financial Challenges We Solve
Common pain points we help eliminate for medical practices businesses.
Reimbursement Pressure
Both government and commercial payors continue to pressure reimbursement rates. Maintaining margins requires constant attention to efficiency and revenue cycle performance.
Regulatory Complexity
Stark Law, Anti-Kickback, HIPAA, and other regulations create compliance obligations that affect financial decision-making.
Payor Mix Management
The mix of Medicare, Medicaid, and commercial payors dramatically affects profitability. Managing payor mix is essential for financial health.
Staffing Challenges
Competition for clinical and administrative staff has increased costs. Managing labor expense while maintaining quality is challenging.
Technology Decisions
EHR, practice management, and other technology require ongoing investment. Understanding actual ROI is essential.
Value-Based Care Transition
The shift toward value-based payment models requires new capabilities and changes how practices think about revenue.
Frequently Asked Questions
Recommended Services
Ready to Transform Your Medical Practices Finances?
Schedule a free consultation to discuss your specific challenges and learn how our CFO services can help your medical practices business thrive.