Task

• Ensure solvency
• Make tax payments on time
• Clarify relationships between income and liquidity

Industry/ Function / Environment / Expert

• Healthcare
• Management of practice, focus on finance (operational)
• Tight liquidity situation, reconstruction of all treatment rooms

• Input and output flows analyzed in detail
• Liquidity planning tool developed
• Discussed cash flows with dental association and calculated resulting financing gaps
• Regular communication with tax advisor established
• Private withdrawals redesigned with corresponding documentation
• Remodeling project planned and resulting payment schedule established. Established target/actual comparison at least once a week.
• Foresightedly informed lenders of all significant payments and agreed thresholds (covenants).

• Partners have understood connections
• Liquidity management system and planning tool for the future established
• Tax payments made on time over the entire period

• Dental clinic in the Ruhr area with 100 employees, including 20 dentists, at one location.