Best Practices
Best practices are proven methods and strategies that consistently yield optimal results in a given field. To determine if your processes align with best practices and create maximum results, you should evaluate their efficiency, consistency, and impact. Key indicators include measurable improvements in performance, positive feedback from stakeholders, and alignment with industry standards. Regular benchmarking […]
Profitability in Skilled Nursing Requires more than a Good Census
At CFO Insights, we help small and mid-sized SNFs go beyond basic financial reporting and uncover the real levers of profitability. Here’s what I’m seeing too often: That’s where fractional CFO leadership makes a difference – delivering financial clarity without the full-time overhead. If you’re still making decisions based on last month’s numbers – or […]
Account Payable (AP) Best Practices
Implementing best practices for accounts payable (AP) enhances both security and efficiency, reducing fraud risks and improving cash flow management. Automating invoice processing with secure AP software minimizes errors, speeds up approvals, and prevents duplicate or fraudulent payments. Establishing strong internal controls, such as segregation of duties and multi-level approvals, ensures accountability and reduces the […]
Independent physician practices face increasing financial complexity
Independent physician practices face increasing financial complexity, from navigating healthcare reimbursement to managing cash flow and growth. While bookkeepers and tax preparers play essential roles, they often fall short in providing the strategic financial oversight that practices need to thrive. That’s where fractional CFOs come in – offering expertise beyond bookkeeping and deeper operational involvement […]