SITUATION
Pain Consultants of Atlanta, LLC
(“PCA”) is one of the leading pain management medical
services firms in Georgia. In 2004 a decision was made
by the owners to spin off PCA from its parent company. PCA’s
management team recognized the need for financial leadership
during this time to help them navigate through the spin off and
become a successful stand-alone company.
SOLUTION: Trillium CFO Leadership
Services
PCA engaged Trillium to
provide recurring CFO leadership services that would assist in
the transition to an independent company. Trillium developed
a detailed plan with specific deliverables to meet the transition
deadlines.
RESULTS
PCA has successfully established
several key self-sustaining business components:
- Established a billing department and acquired
financing for the billing system and computer hardware necessary
for successful in-house financial operations. An internal
billing and collections department allows for greater control
and is designed for increased reimbursements.
- Outsourced accounting functions to a bookkeeping
firm, allowing the company to remain focused on their core
business, instead of adding fixed operational overhead. Outsourcing
also provided a scalable accounting system that PCA can use
during its growth phases.
- Created and implemented a detailed transition
plan to migrate PCA’s employee benefit plans from the
parent company in a manner that protected the employee’s
current level of benefits.
Why Trillium Financial?
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