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MedTrust is a private Emergency Medical Services (EMS) company. Their business is focused on improving patient outcomes through excellence in mobile healthcare. They currently operate in three states; Florida, Georgia and South Carolina serving more than 60,000 patients a year originating from more than 13 hospital systems.
TGG began working with MedTrust after they experienced rapid growth from 2017 to the end of 2021. In a period of four years, they went from one base to three states of operation, and from 40 to 350 employees and multiple hospital systems. In order to handle the growth, MedTrust began to search for an outside resource at the end of 2021 that could be instantly available to support their finance department.
Grow and Scale
In the beginning, MedTrust thought they would augment their small finance department, but for a series of reasons they decided to engage with TGG as a fully outsourced finance department. TGG worked with MedTrust to handle internal revenue billing and collections and internal payments compiling financial information, presenting it in financial statement format, serving and providing board governance and reporting and assisting with their first 2021 financial audit.
The Future Ahead
As Medtrust continues to grow and scale, the complexities of the financial department will grow as well. It’s crucial for their CEO, Lenna MacDonald to focus on the high-level plan for the business without having to worry about their finance department. The growing complexity of revenue streams will require accurate revenue recognition methods and more complex cost accounting processes to understand profitability levels. Reporting on an entity level and a market level will give increased clarity not afforded in the current consolidated reporting.
Monthly TGG Way™ Financial Package
keeps everyone on the same page
Systems and Process
create a roadmap for future growth
A Team of Four Experts
ensures accuracy
Sophisticated Insights
allows our clients to plan for the future
What The Client Said
“I’ve been so pleased with the team, we are going to have more complexity, as we go forward rather than less, and we need a team that can help us grow and do all the things necessary to help us achieve that sort of growth profile and having the finance department, with the right skill set, is absolutely critical to being able to do it.”
-Lenna MacDonald, CEO
