Finance support
When does a group therapy practice need a fractional CFO?
Consider a fractional CFO when your books are current and you need help with decisions like hiring, changing rates or managing cash. A fractional CFO works part-time and helps you look ahead using the records your team already keeps.
Independent Practice Advisors · 4 min read
Start with the decision
Write down one question, the date you need to decide and what a wrong call might cost. A hiring decision, for example, depends on who can take referrals today, how fast a new caseload will fill and when the practice will actually collect.
Use the team you have
Your bookkeeper closes the books. Your biller handles claims. Your CPA handles tax and accounting questions. A CFO can match the books with scheduling data, set a plan, and explain what changed and what you can do about it.
Ask to see a sample
Look for a report that names a decision, shows the numbers behind it and makes the assumptions visible. Ask how the advisor handles private data, what your staff will need to send and what happens if you decide to stop.
Start with a defined piece of work
A fixed-fee review gives you something you can use before committing to a monthly plan. Independent Practice Advisors is based in Denver and works remotely with group therapy practices across Colorado.
Nothing here is legal, tax, accounting or compliance advice. Keep your accountant and your attorney. We don’t provide HR advice.