Medical Claim Repricer
Client Need: Fast growing healthcare services company — operating at break even, relying on external resources for service delivery and back office functions — needed to develop its own internal processes to sustain its growth and scale rapidly and profitably.
Solution: Lcube provided CFO services, implemented the company’s internal accounting and finance functions, established policies and procedures, and developed the accounting policies. Lcube identified and gathered historical KPIs, automated revenue recognition, prepared and negotiated capital raising.
Results: The client’s revenues grew 400% in two years, EBITDA increased from breakeven to 35% of revenues and the company successfully raised capital from PE investors at attractive terms.