Healthcare Accounting & Financial Advisory Services
Fortify your healthcare company’s revenue cycle, strengthen your provider compensation structure, gain visibility into your cash flow, and align your growth to your infrastructure.
Healthcare Business Financial Management to Shore Up Your Practice
Work with Paro’s network of freelance healthcare bookkeepers, accountants, FP&A specialists and CFOs to solve your healthcare company’s most pressing finance challenges.
Manage Your Revenue Cycle
Match what you bill to what was paid, and reconcile properly for insurance reimbursements and the timing for service, delivery and cash receipts.
Model Your Moving Variables
Utilize forecasts to see how a big financial decision—like adding a location or purchasing equipment—will impact your bottom line before you make moves.
Inspect Your Revenue Drivers
Get real-time visibility into your single biggest key drivers: your AR aging, denier rates and days to collect.
Turn Data Into Decisions
Gain service-line or location-level P&Ls so that leadership can see exactly where margin is being made or lost.
Finance Expertise Designed for Healthcare’s Complexities
Healthcare companies face some of the most complex finance challenges. Paro’s healthcare finance experts bring the skills required to navigate the insurance adjudication, payer contracts and reimbursement timelines that make running your practice so demanding. See why healthcare companies trust Paro to deliver the qualified finance pros they need to not only solve their finance challenges, but set them on a path to success.
Healthcare Expertise
Our healthcare accounting and finance experts bring experience working with practices of all varieties, including multi-location service providers and practices that employ a mix of W-2 clinical staff, 1099 contractors and per diem providers.
Cost-Effective Flexibility
Whether it’s a bookkeeper for your medical practice, a healthcare CFO or both, get the expertise you need—when you need it—without paying overhead or big-firm prices.
Lightning-Fast Support
Paro uses AI matching to connect you with the precise expertise your company needs—20 times faster than traditional recruitment.
“Our consultant, Tiara, has been amazing! Always very responsive, dependable, and an expert in the work she does. The Paro team has been great over the past couple of years of working together. I think the longevity of our relationship says it all.”
Travis Centers Paro Client
“Lester worked with us to reconcile books that hadn’t been accurately done in several years. He took time to explain findings and help us create new procedures to not have these problems in the future.”
Kris Kahler Paro Client
“Great to collaborate with, able to understand us and how we work and identify the right people to work with us.”
Peter Saber Paro Client
“Excellent accounting background, very responsive with a very pleasant personality.”
Jonathan McVety Paro Client
Accounting & Bookkeeping
Reconcile the chaos with healthcare accounting and bookkeeping services
Medical practice accounting comes with many complexities. Whether it’s matching what was billed to what was paid or managing the nuances of collection percentages, your accounting processes can quickly fall into disarray. Our accounting and bookkeeping services will help you build a clean chart of accounts and enact a disciplined month-end close so you go from managing chaos to managing your practice. More…
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Clean up your books and establish a strong financial core with healthcare bookkeeping and chart of accounts maintenance
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Align your revenue cycle process to your insurance adjudication, payer contracts and reimbursement timelines
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Develop multi-location reporting that gives real-time insights into each location’s performance
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Ensure provider compensation collection percentages, including hybrid models, are tracked accurately
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Implement processes and procedures that scale with your patient volume or acquisition goals
Fractional CFO Services
Take the guesswork out of decision making with fractional CFO services
Many healthcare leaders don’t have the financial insights needed to make the right decisions to grow their practice. Paro CFOs monitor risk, drive visibility, connect processes, and uncover the trends and opportunities that steer your business toward profitability. More…
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Know where your margins are being made or lost by utilizing service-line or location-level P&Ls rather than reviewing a single blended number each month
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Gain real visibility into the numbers underpinning your company’s health with cash flow forecasting and by tracking your days in AR and denial trends
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Move away from wishful thinking when it comes to payer reimbursement and build out cash reserves and enact a credit strategy tied to your actual payer performance
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Boost your ability to plan months in advance by building a rolling forecast tied to patient volume, staffing needs and payer mix shifts
Financial Planning & Analysis
Gain control of your healthcare business with proactive financial planning and analysis
Healthcare has more moving variables than most industries. And while running the day-to-day operation of your practice is the priority, financial planning and analysis (FP&A) can give you the data and insights you need to stop playing catch-up and go on the offensive with your business. More…
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Implement advanced financial forecasting and reporting processes to optimize resource allocation, manage capital and stay on track with long-term objectives
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Monitor reimbursement rates and labor costs to ensure you aren’t caught off guard with major swings, especially during payer contract renewals or policy changes
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Analyze patient volume and understand when your swings occur—whether it’s seasonal or with referral patterns—so you can plan accordingly
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Design provider compensation models that build trust with your providers
The Paro Process: We’re With You All the Way
We’re more than a staffing service—we’re your partner along the way, so you can focus on what matters most.
In-depth Project Setup
During your consultation, you’ll tell us your goals, pain points, timeline, budget and the specific skills and software experience you need.
Precise Matching
No resumes, no searching, no sweat. We’ll use our proprietary matching tool to find and score candidates, then send you the top matches to review.
Easy Contract Alignment
Once you’ve found your best fit, meet your expert to align on scope and promptly receive a detailed statement of work.
Onboarding Help
At kickoff, we’ll help you tick off your onboarding checklist, like systems access and expectations for turnaround times or communication.
Ongoing support
We’re here to help with any talent sourcing needs you have at any time. Connect with us and we’ll get it done.
The Paro Process: We’re With You All the Way
We’re more than a staffing service—we’re your partner along the way, so you can focus on what matters most.
In-depth Project Setup
During your consultation, you’ll tell us your goals, pain points, timeline, budget and the specific skills and software experience you need.
Precise Matching
No resumes, no searching, no sweat. We’ll use our proprietary matching tool to find and score candidates, then send you the top matches to review.
Easy Contract Alignment
Once you’ve found your best fit, meet your expert to align on scope and promptly receive a detailed statement of work.
Onboarding Help
At kickoff, we’ll help you tick off your onboarding checklist, like systems access and expectations for turnaround times or communication.
Ongoing support
We’re here to help with any talent sourcing needs you have at any time. Connect with us and we’ll get it done.
Expert Finance Talent, On Your Terms
We’ll manage the financial details while you focus on patients, operations and growth. Let Paro’s healthcare accounting and CFO services provide the flexible financial expertise to help your business thrive.
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Expertise when needed
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Seamless, fast onboarding
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Impact from day one
Expertise when needed
FAQ
Most healthcare organizations realize they need outside help when their growth outpaces their infrastructure. This usually occurs when they add an additional location, bring on more providers, or scale their patient volume. They might also seek help after an external event—like applying for a loan or undergoing due diligence during an acquisition—forces them to realize their finances are not in order.
Ideally, companies should seek help early, before financial issues escalate.
Every healthcare organization has different financial needs depending on its size, specialty and stage of growth.
Some organizations simply need accurate bookkeeping and monthly financial reporting. Others benefit from a controller who can improve financial processes, while growing organizations often require the strategic guidance of a healthcare CFO to support budgeting, forecasting, cash flow management and long-term planning.
Your Paro Solutions Consultant will help identify the right combination of healthcare accounting and financial expertise for your organization.
Healthcare accounting is fundamentally different from accounting in most other industries.
Healthcare organizations must navigate complex payer contracts, fee schedules, evolving regulations, provider compensation models, revenue cycle management and changing reimbursement structures—all while maintaining exceptional patient care. A finance professional who doesn’t understand these idiosyncrasies can inadvertently make reimbursement adjustments that dramatically overstate how profitable the business is, as just one example.
Finance professionals with healthcare experience understand how these factors affect profitability, cash flow and financial reporting. They can identify issues more quickly, recommend proven best practices and help your organization make better financial decisions.
While every organization is different, healthcare leaders should consistently monitor metrics that measure both financial performance and operational efficiency.
Common healthcare financial KPIs include:
- Days in accounts receivable (A/R)
- Net collection rate
- Operating margin
- EBITDA
- Provider productivity
- Patient volume and visit trends
- Revenue by payer mix
- Cash flow
- Cost per encounter
- Budget-to-actual performance
Tracking these metrics consistently helps identify trends early and supports better strategic decision-making.
Yes. Our network includes finance professionals with experience across a wide range of healthcare organizations, including physician groups, medical practices, dental organizations, behavioral health providers, home health agencies, outpatient clinics and other healthcare businesses.
Whether you need ongoing healthcare bookkeeping, a controller to strengthen your accounting function or a fractional CFO to guide strategic financial decisions, Paro can connect you with finance professionals who understand your industry.