Phoenix takes control of the financial functions of an emergency physician service provider and improves the Company’s financial position.
A provider of contracted Emergency Physician Services on a national level with net revenues of $800M annually.
Suffering with financial underperformance and liquidity issues, the organization needed to restructure operations to materially improve margins and cash generation.
Phoenix personnel took control of operating budgets and cash forecasting functions in a crisis management intervention to stabilize short-term operations. The client improved its financial position sufficiently to allow for an eventual sale of the company’s assets.
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