- Financial Advisory Services
- Operational Financial Services
- Transitional Management
- Supply Chain Services and Other Services
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Transitional Management
Serving in interim management positions during periods of change
When a hospital or health system is experiencing turmoil and change, it is often necessary to retain a seasoned interim healthcare management executive to lead the organization back into calm waters. We have a team of experienced healthcare executives, including CEOs, COOs, CFOs, CIOs and other healthcare managers who have the maturity and experience to provide this form of extraordinary leadership. Our interim executives provide a stable atmosphere needed to move the organization forward. We can also assist in the recruitment of a permanent CFO through our network of strategic business partnerships.
A list of the types of executive positions we commonly are retained for follows:
- Interim Chief Financial Officers
- Interim Controllers
- Interim Business Office Directors
- Interim Third Party Reimbursement Directors
- Interim Chief Information Officers
- Interim operational executives (CEOs, COOs, and other operational executives)
Management of financial turnaround situations
Healthcare organizations sometimes find themselves in a downward spiral and are facing severe financial difficulty. The main challenges management faces in these organizations are to reverse the losses before they are fatal to the organization, stabilize a shaky situation, or sell or merge the organization with another organization. FRG has the experience to assist management in facing and conquering these challenges. Many times we are able to successfully turn these facilities around and improve their financial viability. We have also assisted hospitals in selling or merging with another organization that is to the benefit of all parties.