Community Behavioral Health is an outpatient mental health clinic in Maryland. In 2012, they had the ambitious project of growing their single clinic into a larger network of clinics so that they could serve more patients. They had the clinical expertise and passion for mental health required. But they felt completely lost when it came to handling the administrative and financial aspects of running a healthcare business.

They struggled with:

❌ Lack of financial knowledge: They lacked experience in financial oversight and struggled to achieve profitability without sacrificing quality.

❌ Clogged operations: They were already overwhelmed with handling admin for one location. The thought of expanding felt impossible.

❌ High tax burden: The client struggled with a huge tax liability. Every dollar they sent to the government weighed heavy in their minds. They wished they could reinvest it into the practice and their community.

❌ No growth strategy: They dreamed of serving more patients. But they had no idea which strategies could make this dream a reality.

❌ No time: DIYing their finances robbed them of time they could spend on patient care and strategic planning. They needed more free space on their calendars—not less.

They reached out to Sigma for help. Here’s what we did:

✅ Prepared a holistic tax strategy: We devised a comprehensive tax plan, identifying all possible deductions and credits they could claim to reduce their tax bill. This strategy cut their bill by 45%.

✅ Streamlined operations: We introduced modern accounting and operational software so that they could put administration on auto-pilot and find time to manage additional locations.

✅ Guided their expansion: We took on the role of part-time CFO. This included analysis and advisory on location selection, staffing, and service offerings that would make future locations profitable.

✅ Liberated their time: We handled the bulk of their financial and administrative burdens. So they could refocus on patient care and their broader vision for their practices.

Fast forward to 2024:

They’ve gone from bogged-down business owners to leaders of 14 new clinics across the state of Maryland.

The team behind Community Behavioral Health already possessed the passion and vision required to achieve such a feat. Sigma brought strategic financial planning and management expertise to push them across the finish line.

Similar goals?

Reach out to schedule your free consultation today to discover how Sigma can help you reach them.