Shouldering an orthopedic practice’s budgeting and 13-week cash flow

Key results:

Delivered 13-week cash flow model
Created visibility for operational drivers

Value levers pulled:

13-week cash flow Forecasting
Budgeting and forecasting process improvement
Big data analytics

Picture this...

You’re a leading provider of multi-specialty orthopedic and neurosurgery services in New York and Connecticut. You’ve received a growth equity investment from a leading middle-market private equity fund, and you need support meeting their expectations: driving annual budgeting process, conducting operational analytics, and developing a rolling 13-week cash flow forecast.

You turn to Accordion.

We support the budgeting and forecasting processes and leverage data to provide actionable insight into the business by:

Analyzing historical trends to develop detailed schedules that enable requisite visibility for granular budgeting processes, including differentiating volume and rate by visit type, provider, and location, creating detailed expense schedules including physician compensation, and remapping GL codes from legacy GL system to recently implemented GL system.
Developing a 13-week cash flow model and creating an automated update process for daily provider level volume, rate, and cash conversion metrics.
Generating incremental analytics to understand operational drivers of the business.

Your value is enhanced.

You have a rolling 13-week cash flow in place to create a series of scenarios to measure impact of economic forces. You also now have a granular budget to that can better support providers in meeting new utilization targets.

Enhanced value:

You reap multiple benefits, including:

Delivered 13-week cash flow model
Created visibility for operational drivers