Financial Resource Group

• Company Profile
• Partners
• Strategic Partners

Company Profile

Financial Resource Group, LLC (“FRG”) is a healthcare consulting company dedicated to putting the client in control of its financial future by providing services that meet the client's unique needs. We offer cost-effective, innovative management and finance solutions to complex problems all targeted at increasing client financial viability.

The partners - Matt Nelson, Alan Townsend, Jack Hess and Jeff Denum bring over 150 years of healthcare experience to the FRG consulting engagements. Their experience includes work with all types of healthcare institutions including for-profit, governmental, not-for-profit and faith-based hospitals, systems and physicians.

Improving financial performance is in the forefront of every Board member, CEO, and CFO's mind. How well net revenues, accounts receivable, long-range financial and capital planning, budgeting, and financing activities are managed impacts cash flow and bottom line performance. The organization's ability to grow and respond to community need is directly impacted by financial performance.

FRG is in business to provide clients with lasting solutions that improve the client's opportunities for financial success. FRG's partners have years of successful healthcare financial management experience including operational improvement and turnaround projects, financial advisory, and transitional management projects. Our partners and consultants have the right mix of skills, experience and judgment to help clients make confident business decisions and respond appropriately to change. FRG works directly with the Board and Executive Leadership of the client to provide rapid response and solutions to client financial needs. The client is always in control of the process.

FRG recognizes that each client is unique and will create a comprehensive work program tailored to the needs of each client. Improving financial performance is not always just a matter of improving old receivables collection, as important as that is. A major factor is working with operational management to develop and execute operational improvement plans that achieve quick results. Operational buy-in and commitment to the improvements is crucial. It also includes correcting workflow, process and system deficiencies; addressing organizational issues, policies, procedures and controls; and developing reporting and tracking systems that assure measurement of, and accountability for, operating and financial results.

FRG has a demonstrated track record of achieving sustainable performance improvements for our clients. Our diverse experience represents the full spectrum of healthcare organizations in a wide variety of settings - from large, integrated urban networks to small, rural hospitals. The work has also been varied and dependent on the client's individual needs. A list of representative client assignments is included later in this document.

FRG's senior team of healthcare executives - all with extensive experience - can:

• Bring manpower and expertise needed to get organizations through difficult times.
• Determine ways to assure organizations perform to the peak of their strategic, operational and financial capabilities.
• Accelerate an organization's learning curve by sharing our experiences in similar situations throughout the country.
• Develop solutions to issues that detail not only what to do, but how to engage teams to implement the solutions.
• Help organizations overcome resistance to change and gain commitment to the improvement process.
• Unite divergent interests (Board, management, physicians, etc.) toward accomplishing the organization's goals and sustaining competitiveness.

FRG's founders are experienced healthcare CFOs who know what it is like to operate in today's complex environment. We have the right people with the right experience to get the results you want.