Helping a Start-Up Transition Accounting Methods and Enhance Operations

Facing a Significant Change in Accounting, a Healthcare Company Required Extensive Process Improvements

  • Client

    Healthcare startup company

  • Services

    Consulting

  • Areas of Expertise

    Accounting & Finance

  • Industry

    Healthcare

Our Challenge

Healthcare Client Going Through an Accounting Transition

As a rapidly growing healthcare client planned to change its accounting from a cash to accrual basis, they quickly realized a need for outside help. Changing accounting methods would require process improvements throughout the finance department that would create an organization-wide ripple effect. In addition, someone would need to hire, train, and supervise a team to make the vision a reality.

Our Solution

Prepared Statements in Accordance with US GAAP

Vaco provided a senior-level consultant with deep expertise in accounting, process development and integration, training, team building, and financial reporting to design and implement a process to meet the management’s specific needs. In the role of Interim Controller, our consultant worked closely with private equity and management to ensure timely and accurate financial statements were prepared in accordance with US GAAP.