The financial complexity of an Applied Behavior Analysis (ABA) Therapy business grows exponentially with every new clinic. When our client, a growing multi-location provider, hit a wall of fragmented data, they engaged CFOx to build out their FP&A function. This transformed their financial blind spots into a clear roadmap for expansion and improved profitability.
The Challenge: Data Silos and “Flying Blind”
Before the engagement, the provider struggled with three major hurdles:
- Fragmented Reporting: Each clinic operated as its own entity, making it difficult to see the company’s total health in real-time.
- Reactive Budgeting: Expenses were managed as they happened, rather than being planned against clinical capacity.
- Cash Flow Anxiety: With a lag in insurance reimbursements, the leadership team was unsure if they had the liquidity to open their next scheduled location.
The CFOx Solution: Consolidation and Cash Forecasts
Our CFO Services team implemented a customized financial infrastructure designed specifically for the nuances of the healthcare services industry.
- Consolidated Monthly Reporting Package
We moved the client away from basic Profit & Loss statements to a Consolidated Reporting Package. The package included individual P&L, Balance Sheet, and Cash Flow Statement for each location, as well as a consolidated view.
- Rolling Cash Flow Forecasts
In the ABA world, cash timing is everything. The team built out cash forecasts for each clinic to give management the tools and comfort they needed to monitor cash throughout the year.
The Results: From Maintenance to Momentum
By outsourcing their FP&A function to CFOx, the provider achieved:
- Confidence in Expansion: They successfully opened a new location, backed by data-driven capital plans.
- Improved Margins: Identified and eliminated monthly redundant administrative costs through consolidated reporting.
- Cash Management: With clean, professional financials, the company was able to translate their positive financial results to proper cash management and tracking.
If you would like to learn more about our FP&A Services, please reach out via email (info@cfoxadvisory.com) or schedule a call directly on our Contact Us page.
CFO Services Provided:
- Financial Planning & Analysis
- Consolidation Monthly Financial Reporting Package (FRP)
- Short-Term Cash Forecasts
