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Kester Rinehart Consulting

Kester Rinehart Consulting

医院和医疗保健

Los Angeles，CA 1 位关注者

I advise growing heathcare companies improve profitability and cash flow to achieve short-term and long-term goals.

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关于我们

I help growing non-hospital heathcare companies improve profitability and cash flow by implementing accrual-based accounting systems and business practices to achieve its short-term and long-term goals. Get your accounting done right and on time.

网站
https://www.kesterrinehartconsulting.com
所属行业
医院和医疗保健
规模
1 人
总部
Los Angeles，CA
类型
私人持股
创立
2001
领域
Accounting、Fractional CFO、Controller、Financial Analysis、Quickbooks ProAdvisor和Advisory

地点

动态

  • SMB (Small Medium Business) Healthcare owners, do you consolidate subsidiary companies in your parent company in your financial reporting? If so, are you current in your monthly reporting with all intercompany transactions eliminating correctly? Do you know what your consolidated cash burn rate is? I joined a parent holding company parent to bring its reporting on a consolidated basis current in order that the leadership could calculate its cash burn rate and make better decisions as to the direction of the company. In doing so, management found that its cash burn rate was much higher than they were expecting. This forced tough decisions to close two low performing subsidiaries that were negative cash flowing, downsizing some parent staffing and relocating the parent company to another state to reduce parent overhead and cash flow. The company almost did not survive but we were able to turnaround the financial performance from a loss year to positive net income. Proper and timely accounting and reporting on a consolidated basis allowed management to save this company. Kester Rinehart Consulting can do the same for you. Visit my website at https://lnkd.in/gtpDUA78 to learn more and schedule an appointment.

  • SMB (Small Medium Business) Healthcare owners, do you know what your DSO (Days Sales Outstanding) is? If you have cash-basis accounting, you probably do not and you have cash flow problems. If you have accrual-based accounting, your accountant should be providing you your firm’s DSO number monthly so that you can better manage your receivables collection and cash flow. I helped a healthcare company convert their cash-basis accounting to accrual-based accounting, calculated their DSO and found it to be around 80 days.?And they wondered why cash was so tight! Their credit terms for co-pays was net 30 days and over a short period, we collected the older receivables and managed to reduce their DSO to 40.?This added over $490,000 in cash to their bank account.?We continued to manage their DSO eased their cash flow stress. Kester Rinehart Consulting can do the same for you. Visit my website at https://lnkd.in/gtpDUA78 to learn more and schedule an appointment.

  • Even small, growing companies are having to pay more for necessary (accurate and timely) accounting and reporting services. Kester Rinehart Consulting can help with this.

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