Behavioral Health Services Provider

Case Study - Behavioral Health Services Provider

Momentum Advisors was contacted to replace a CFO that had left the company, a middle market behavioral health services provider. The goal was to provide stability to the staff and protect the company operations.

Momentum played the role of transition CFO, assuming all duties and authorities and providing leadership and stability to the finance department.

We helped to reposition the department to be proactive with interactions with the clinical staff, and increased clinical staff visibility into the financial and operating performance of their areas, to drive better service and improve effectiveness of spend.

Momentum also assisted in successful implementation of an electronic health records system and improvement of various department processes, creating efficiencies and improving accuracy.

We documented and improved the company’s budgeting process and improved financial reporting to company divisions, allowing division managers to increase profitability through better planning and expense management.

Momentum ultimately reestablished the finance function, brought calm to the staff and advanced the overall function by getting bank accounts reconciled, while rebuilding a better budgeting and planning process and keeping the business moving forward.