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Healthcare Integration in Dental Practice, with Dr. Marc Cooper

January 27, 2021 by John Ray

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Dental Business Radio
Healthcare Integration in Dental Practice, with Dr. Marc Cooper
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Healthcare Integration in Dental Practice, with Dr. Marc Cooper (“Dental Business Radio,” Episode 12)

Host Patrick O’Rourke and Dr. Marc Cooper of MBC Consultants engage in a conversation both frank and vital on the integration of primary healthcare in dental practices. This conversation serves as an excellent prelude for an intensive conference on this subject Dr. Cooper will be leading in November 2021. “Dental Business Radio” is underwritten and presented by Practice Quotient: PPO Negotiations & Analysis and produced by the North Fulton studio of Business RadioX®.

Marc Cooper – DDS, MSD, CPC, Host and Producer – A Time That’s Come: The Integration of Primary Care in Dental Practice Conference

Through his consultancy, MBC Consultants Inc (Est. 1985), Dr. Cooper’s clients include solo private practice, small-partnered practices, and every range of DSO. Dr. Cooper was founder and president of the DEO until sold in 2018. 

Dr. Cooper has also worked with numbers of other health care entities such as insurance companies, clearing houses, bio-technical companies, and disease management companies, as well as senior executives and boards of large hospitals and hospital systems and a number of their related physician groups. 

In addition, Dr. Cooper has worked with Silicon Valley start-ups and Fortune 500 companies. He has spoken at dental conferences in 17 countries and has worked with dental clients in the U.S., U.K. Canada, Panama, Portugal, Italy, Greece, Dubai, Abu Dhabi, Brazil, Singapore, Australia, New Zealand and Israel. 

Dr. Cooper’s professional career includes private periodontist, academician, researcher, teacher, practice management consultant, corporate consultant, trainer, seminar director, board director, author, entrepreneur, and inventor. He has studied with masters in many disciplines, participated in formal business educational programs, and worked as an independent contractor with top-flight consulting companies. In 2012, Dr. Cooper was selected as a coach for the prestigious TED Fellows Program and is still active with the program. 

Dr. Cooper is author of eleven books, over 200 published articles and more than 2,000 blogs. Once he left the DEO, his focus took two paths.  One, bringing wisdom to leadership.  Two, a commitment to the integration of primary care in dental practice – a commitment which propelled Marc to create Integration of Primary Care in Dental Practice Conference for dentists, DSOs, physician groups, hospitals, investors, suppliers, and advisors in dental practices – the delivery side of the house. Dr. Cooper is known for his ability to recognize and appreciate when a context is the early stages of shifting, and he understands that context is decisive. 

A Time That’s Come: The Integration of Primary Care in Dental Practice Conference

A three-day conference examining the inevitable integration of healthcare in dental practice. For a list of speakers, agenda, ticket information and more, please follow this link. 

NextSIgnature

About Dental Business Radio

“Dental Business Radio” covers the business side of dentistry. Host Patrick O’Rourke and his guests cover industry trends, insights, success stories, and more in this wide-ranging show. The show’s guests will include successful doctors across the spectrum of dental practice providers, as well as trusted advisors and noted industry participants. “Dental Business Radio” is underwritten and presented by Practice Quotient and produced by John Ray and the North Fulton studio of Business RadioX®.

Practice Quotient

“Dental Business Radio” is sponsored by Practice Quotient. Practice Quotient, Inc. serves as a bridge between the payor and provider communities. Their clients include general dentist and dental specialty practices across the nation of all sizes, from completely fee-for-service-only to active network participation with every dental plan possible. They work with independent practices, emerging multi-practice entities, and various large ownership entities in the dental space. Their PPO negotiations and analysis projects evaluate the merits of the various in-network participation contract options specific to your Practice’s patient acquisition strategy. There is no one-size-fits-all solution.

Connect with Practice Quotient:

Website

LinkedIn

Facebook

Twitter

Tagged With: dental care, dentists, DSO, Marc Cooper, MBC Consultants, orthodontics, Pat O'Rourke, Patrick O'Rourke, PPO Negotiations & Analysis, PPO network contract analytics, Practice Quotient, primary care, primary healthcare, The Integration of Primary Care in Dental Practice Conference

Mark Lakis, Southern Dental Alliance

January 18, 2021 by John Ray

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Dental Business Radio
Mark Lakis, Southern Dental Alliance
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Mark Lakis, Southern Dental Alliance (“Dental Business Radio,” Episode 11)

Southern Dental Alliance CEO Mark Lakis joins host Patrick O’Rourke to discuss how his DSO allows doctors to be doctors and provide better access to care for patients. Mark also discusses the partnership operating model of Southern Dental Alliance and its advantages for both doctors and patients. “Dental Business Radio” is underwritten and presented by Practice Quotient: PPO Negotiations & Analysis and produced by the North Fulton studio of Business RadioX®.

Southern Dental Alliance

The mission of Southern Dental Alliance is to assist Founder Doctors with the day to day business functions of owning a company, without changing the integrity of the practices they have nurtured and developed. Our focus is to help great doctors, with great practices continue to grow and succeed. We want doctors to be doctors. We provide non-clinical support services to our Affiliated Dentists to enable them to focus on providing the highest quality of care to their patients.

The company has completed 14 acquisitions, expanded services in our affiliated practices, centralized administrative functions and built an exceptional management team to support further growth. We can help doctors run their offices more efficiently, make it possible for them to provide expanded care, increase access to care and make their teams life easier.

Website

Affiliate Practices:

  • Georgia:  Vital Smiles Georgia, Children’s Dental Center, PC, Aberdeen Dental Group, Coweta Dentistry Associates, Choice One Dental Care
  • South Carolina:  Carolina Dental Alliance, Carolina Dental Docs, Novus Orthodontics, Foster Orthodontics, Joseph Orthodontics, Choice One Dental Care of Greenville
  • Tennessee:  Zoo Crew Pediatric Dentistry

Mark Lakis, CEO, Southern Dental Alliance

In Mark’s current position as CEO of Southern Dental Alliance, he helped build the company from two dental practices with $7 million in revenue in one state to a fully functional regional DSO, with 43 practices in three states and over $70 million in revenue.

Prior to Southern Dental Alliance, Mark was President of Children’s Dentistry/Dentistry for Children, where we drove rapid revenue and EBITDA growth then led the company though a successful sale to private equity investors.

Prior to his experience in healthcare services, Mark had a highly successful career in the financial and operational management of global companies.

Connect with Mark on LinkedIn.

About Dental Business Radio

“Dental Business Radio” covers the business side of dentistry. Host Patrick O’Rourke and his guests cover industry trends, insights, success stories, and more in this wide-ranging show. The show’s guests will include successful doctors across the spectrum of dental practice providers, as well as trusted advisors and noted industry participants. “Dental Business Radio” is underwritten and presented by Practice Quotient and produced by John Ray and the North Fulton studio of Business RadioX®.

Practice Quotient

“Dental Business Radio” is sponsored by Practice Quotient. Practice Quotient, Inc. serves as a bridge between the payor and provider communities. Their clients include general dentist and dental specialty practices across the nation of all sizes, from completely fee-for-service-only to active network participation with every dental plan possible. They work with independent practices, emerging multi-practice entities, and various large ownership entities in the dental space. Their PPO negotiations and analysis projects evaluate the merits of the various in-network participation contract options specific to your Practice’s patient acquisition strategy. There is no one-size-fits-all solution.

Connect with Practice Quotient:

Website

LinkedIn

Facebook

Twitter

Tagged With: Aberdeen Dental Group, Carolina Dental Alliance, Carolina Dental Docs, Children's Dental Center, Choice One Dental Care, Choice One Dental Care of Greenville, Coweta Dentistry Associates, dental service organization, DSO, Foster Orthodontics, Joseph Orthodontics, Mark Lakis, Novus Orthodontics, pat o'rour, Pat O'Rourke, Patrick O'Rourke, PPO Negotiations & Analysis, PPO network contract, PPO network contract analytics, Practice Quotient, Southern Dental Alliance, Vital Smiles Georgia

Kevin Cumbus, TUSK Partners

September 4, 2020 by John Ray

KevinCumbusTUSKPartners
Dental Business Radio
Kevin Cumbus, TUSK Partners
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Kevin Cumbus

Kevin Cumbus, TUSK Partners (“Dental Business Radio,” Episode 4)

Kevin Cumbus, TUSK Partners, joined host Patrick O’Rourke to explain how dental practices are valued for purchase, the effect of insurance carriers on dental practice values, and various other factors impacting the value of a practice. Additionally, Kevin and Pat have a compelling discussion on the dilemma facing Delta Premier-only status contracted practices during a transition. “Dental Business Radio” is underwritten and presented by Practice Quotient: PPO Negotiations & Analysis and produced by the North Fulton studio of Business RadioX®.

TUSK Partners

TUSK Partners sells large solo practices and Groups to silent investors, DSOs and Private Equity Groups for well over 100% of collections. TUSK currently has over $100M of transactions under LOI and another $50M coming to market in the next 6 months.

Kevin Cumbus, President

Kevin Cumbus is President and Co-Founder of TUSK Partners. TUSK Partners helps dentists START, GROW and SELL their DSO or Group Practice. TUSK provides Sell-Side Advisory Services, Capital Solutions and Strategic Consulting. Since 2016, TUSK has worked with over 120 Group Practices and DSOs nationwide with over 1,000 locations and over $1 Billion in revenue.

Connect with Kevin: Kevin on LinkedIn TUSK Partners on LinkedIn Facebook

Patrick O’Rourke, Host of Dental Business Radio

Patrick O’Rourke began his career in operations management at a dental & vision insurance company in Florida, which after several acquisitions and mergers, is now MetLife. He spent five years at Humana in Atlanta selling in the large group segment (100+ employees). In addition to several awards throughout his career, he has earned many professional certifications.

Understanding the nuances involved with all aspects of risk management helped business partners rely on his expertise to guide client recommendations. He is an insurance insider that has built dental networks, worked in operations management, designed dental plans, and opened markets.

In 2013, he founded Practice Quotient, which specializes in dental insurance PPO network contract analytics and reimbursement guidance, representing the dental provider.

As a national public speaker, Patrick educates doctors on how dental managed care participation impacts more than 50% of practice revenue, the importance of diligent contract management, and how to develop criteria specific to a patient acquisition strategy for choosing the best carrier business partners.

About Dental Business Radio

“Dental Business Radio” covers the business side of dentistry. Host Patrick O’Rourke and his guests cover industry trends, insights, success stories, and more in this wide-ranging show. The show’s guests will include successful doctors across the spectrum of dental practice providers, as well as trusted advisors and noted industry participants. “Dental Business Radio” is underwritten and presented by Practice Quotient and produced by the North Fulton studio of Business RadioX®.

Practice Quotient

“Dental Business Radio” is sponsored by Practice Quotient. Practice Quotient, Inc. serves as a bridge between the payor and provider communities. Their clients include general dentist and dental specialty practices across the nation of all sizes, from completely fee-for-service-only to active network participation with every dental plan possible. They work with independent practices, emerging multi-practice entities, and various large ownership entities in the dental space. Their PPO negotiations and analysis projects evaluate the merits of the various in-network participation contract options specific to your Practice’s patient acquisition strategy. There is no one-size-fits-all solution.

Connect with Practice Quotient:

Website

LinkedIn

Facebook

Twitter

Tagged With: Delta Dental Insurance, Delta Premier, dental industry, dental practice valuations, dental practices, DSO, Kevin Cumbus, Pat O'Rourke, Patrick O'Rourke, PPO Negotiations & Analysis, PPO network contract, PPO network contract analytics, Practice Quotient, specialty dental practices, TUSK Partners

Leadership and Communication for DSOs, with Janet Hagerman, DSOs Done Right ℠

August 14, 2020 by John Ray

Janet Hagerman
North Fulton Business Radio
Leadership and Communication for DSOs, with Janet Hagerman, DSOs Done Right ℠
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Leadership and Communication for DSOs, with Janet Hagerman, DSOs Done Right ℠ (North Fulton Business Radio, Episode 270)

Janet Hagerman joins host John Ray to discuss the challenges and opportunities of scaling a dental service organization, good patient communication, and more. It’s must listening for dental industry practitioners, but anyone challenged by scaling their business will find value from what Janet offers in this show. “North Fulton Business Radio” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Janet Hagerman

Janet Hagerman is an international speaker, author and consultant.  A graduate of the Medical College of Georgia, Janet is a health industry thought leader known for her creative expertise in communication, leadership and motivation.  Janet’s experience includes over 15 years of clinical experience, 20 years coaching experience with both solo practices and small to large dental groups, past corporate Dental Hygiene Director for a 150+ DSO, PennWell Editorial Advisory Board member, and author of several books, as well as numerous articles and courses.  She provides customized coaching programs for individuals, practices and growing dental groups.  Janet’s focus on soft skills, creative communication and leadership empowers health professionals worldwide providing them with proven, effective and easy to implement strategies for success.

Janet’s international and domestic experience has taught her that worldwide people and practices encounter similar challenges, and enjoy the benefits of stronger communication skills.  Her expertise in coaching health care professionals and management worldwide on communication and leadership “soft skills” provides effective and easy to implement strategies for success. Janet’s proven process and programs make an immediate impact on the delivery of patient care and financial results.

Janet assists dental groups establish a foundation for comprehensive and profitable growth, with efficient and consistent clinical and business systems. As DSOs [Dental Support Organization] continue to focus on improving patient experience and employee retention, Janet’s passion is to help DSO groups become known for a reputation of outstanding patient care and loyal patients and employees, resulting in sustained profitability.

Janet’s DSO experience enables her to help growing DSOs to:

  • -Develop their organizational structure based on their unique character 
  • -Build dynamic self-sustaining teams
  • -Grow production predictably
  • -Create dependable, duplicatable systems that support growth and acquisition
  • -Design a stellar patient experience that nurtures brand reputation

Company website

LinkedIn

Questions/Topics Discussed in this Show

  • How has the dental world changed?
  • You mention DSO. What is a DSO?
  • The benefits and pitfalls of scaling a dental service organization
  • Are there commonalities to the work you do for DSOs and other service industries?
  • Where do you see the industry 10 years from now?
  • Who do you work with? What happens when someone works with you?

North Fulton Business Radio” is hosted by John Ray and produced virtually from the North Fulton studio of Business RadioX® in Alpharetta. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, iHeart Radio, Stitcher, TuneIn, and others.

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.

Tagged With: Coaching, communication, dental groups, dental hygiene, dental industry, dental service organization, dentists, DSO, DSOs Done Right, employee retention, Janet Hagerman, John Ray, motivation, North Fulton Business Radio, Patient Care, patient communications, patient experience, Profitable Growth

Transition Planning

June 23, 2015 by angishields

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Transition Planning
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NOWaccount
Archie Jones CFO of NOWaccount
NOWaccount
NOWaccount Chairman, John Hayes

Transition Planning

I sat down with NOWaccount CFO, Archie Jones and his colleague, NOWaccount Chairman, John Hayes.  They stopped by to share some thoughts on how business owners need to start planning for how they intend to transition their business when it comes time, whether that’s selling it to a buyer or passing it to family members.

John and Archie talked about some of the common missteps business owners make that can complicate or delay sale of a business, or even cause the sale to fail.  We talked about how important it is to choose capital sources carefully, taking a few minutes to discuss factoring, business loans, and NOWaccount’s innovative merchant services option that gives the business access to their accounts receivable cash and preventing the need to acquire debt.

We discussed how important it is for business owners to insure they are on the same page with all partners with regard to what the plan is for the “end game”—sell or transition the business to family.  Archie and John shared the pros and cons of various business structures such as LLC’s versus C Corp, for example.  Three topics of conversation that owners need to have:  How will the company be operated?  Will all members/partners have roles or equal votes in decisions?  How much revenue will be taken for salaries for partners?  What is the “horizon” for deciding if/when to sell if that’s the goal?

John and Archie shared a number of critical points that make a business very attractive for a seller (or unattractive).  Archie talked about how important it is for business owners to educate themselves on the potential market for buyers of their business when they go to sell.

Special Guests:

Archie Jones,  VP of Finance/CFO of NOWaccount  facebook_logo_small3  twitter_logo_small  youtube logo  linkedin_small1

NOWaccount

  • MBA General Management, Harvard Business School
  • Previous Principal and Charter Member, Parthenon Capital
  • Member, Board of Directors, AIT Worldwide Logistics
  • Founder, Tubman Ventures

John Hayes, Chairman of NOWaccount  linkedin_small1

NOWaccount

  • JD, Law, Emory University School of Law
  • Previous CEO/Chairman, FTRANS Corp.
  • Founder and Former CEO, OneCoast Network
  • Founded Advanced Technology Development Center (ATDC) at Georgia Tech

 

Tagged With: CW Hall, DSO, factoring, merchant services, Midtown Business Radio, NOWaccount

Three Fantastic Female Entrepreneurs

December 16, 2014 by angishields

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Three Fantastic Female Entrepreneurs
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Three Fantastic Female Entrepreneurs

This week I got to sit down with Three Fantastic Entrepreneurs from the Atlanta area. Diana Keough, CEO and founder of ShareWIK Media Group (Share What I Know), LeeAnn Maxwell, Co-Founder of Vixen Vodka, and Lara Hodgson, multiple-time successful entrepreneur and CEO/Founder of NOWaccount.  We talked about some of the challenges they faced as women launching their own businesses, hear what they believe helped them succeed as entrepreneurs, and advice they offer for women contemplating starting a business of their own.  For the longest time most of us would envision a man when thinking “CEO” or “Doctor”, or even “Entrepreneur”.  And, as our guests shared, many times they’re the only female CEO/Entrepreneur in a room full of men.  Times are slowly but surely changing.  And today many women are launching successful brands and businesses, some of which are now global brands.

ShareWIK Media Group is a licensed content-generating group, producing high quality, interesting content across all media types for use in population health management efforts, inbound marketing/branding, testimonial content, and pertinent health optimization content.  Diana talked about her transition from a journalist for the Plains Dealer newspaper to a Chief Executive Officer in a leadership role.  She says, “If you are not surrounding yourself with people who are better than you and open to the fact that you might be wrong; or they might have a better idea on how to do things, then you’re not going to grow.”  Over the weeks since I met Diana I’ve had the opportunity to meet several of the folks who make up the team at ShareWIK and seen some of their work.  I can tell you: if your organization or agency needs to move an initiative or your business forward and you rely heavily on engaging your target audience to drive awareness you MUST include ShareWIK Media Group on your shortlist of content providers.  At their core, the people at ShareWIK Media Group are journalists with expertise across all media types.  On top of journalistic skills they bring knowledge and expertise within the healthcare journalism space as well.

Vixen Vodka is an EXCELLENT vodka that was born out of a trip to St. Simons Island, GA where two friends, drinking cocktails by the pool, decided they should launch their own vodka, branded and tailored for women.  As LeeAnn says, “We came home, sobered up, and remembered it was a great idea.”  “A dream without action is merely a fantasy.”  It took them 2 years from beach to shelf.  She shared how she and her good friend (also a woman) broke into the spirits business, starting with ZERO knowledge of how to make vodka much less how to bring one to market.  After being told her idea was fantastic by a business consultant he turned around and told them, “I’ll never work.  The spirits industry is a Good Ol’ Boys network.  Those men will chew you up and spit  you out!”  That was several years ago and now the brand is adding more states to the seven states where they’re currently sold.

NOWaccount got started as a solution to a problem Lara Hodgson encountered as an entrepreneur with an earlier business, the impact of not having access to cash that is tied up holding unpaid invoices, particularly when they aged for several weeks (or more).  She firmly believes that a successful business needs to have people behind them who are providing the product/service to solve a particular problem for their customer more so than “to sell lots of ‘X’ and make lots of money because it’s a great product”.  She said, “So many people come up with a great idea and they fall in love with the ‘What’.  They fall in love with the widget or the product.  And if your ego and your passion is in the product then they are going to woefully un-deliver.  But if your ego and your passion are in the “So What?” and the impact and the problem you’re solving then the sky’s the limit.”  NOWaccount is a merchant services company that provides the B2B company with access to capital by selling slower-paying invoice accounts within 2-5 days for basically the same cost as accepting a credit card.  Their solution is invisible to their client’s customers, has no minimum time commitment, and includes only those accounts selected by the B2B they’re helping.  The NOWaccount option gives businesses the capital they need to accept larger orders, add staff, often enabling them grow larger and faster than was possible before.

Special Guests:

Lara O’Connor-Hodgson, CEO of Nowaccount Network Corporation  Twitter  LinkedIn  Facebook

Nowaccount Network Corporation
Lara O’Connor-Hodgson of Nowaccount Network Corporation
  • MBA Harvard Business School
  • Former Adjunct Professor of Finance, Georgia Institute of Technology
  • Board of Directors, Georgia Regional Transportation Authority
  • Owner, Insomnia Group
  • Chairman of the Board, Atlanta Heights Charter School
  • Second Language–Japanese

Diana Keough, CEO/Founder of ShareWIK.com  facebook_logo_small3  twitter_logo_small  linkedin_small1  Pinterest-logo  google-plus-logo-red-265px  

ShareWIK.com

  • Journalism Instructor/Guest Lecturer, Emory University
  • Member, Koles College of Business Advisory Board, Kennsaw State University
  • Former Front Page Series Writer, The Plain Dealer
  • Former Reporter/Commentator, WKSU
  • Co-author, “Building a Business, Building a Life: The Incredible Life of a Woman Business Owner”

LeeAnn Maxwell, CEO/Co-Founder of Vixen Vodka  Facebook  Twitter  LinkedIn  Pinterest

Vixen Vodka

  • 28 years experience in finance sector
  • former Director, Client Services of AccousTech Music Productions
  • Crossfit fan
  • 50% Firecracker
  • 50% Do-It-Yourself Woman

Tagged With: content generation, CW Hall, DSO, Entrepreneurs, factoring, GE Healthcare, healthcare journalism, healthcare journalist, insuror, Lara Hodgson, licensed content, liquor, merchant services, Midtown Business Radio, National Public Radio, NOWaccount, NPR, payer, Plain Dealer Newspaper, ShareWIK Media Group, ShareWIK.com, small business loans, Spirits, start up, storytelling, Vixen Vodka, vodka

CimCo, Voice At Large, and Fountainhead Consulting Group

December 9, 2014 by angishields

Midtown Business Radio
Midtown Business Radio
CimCo, Voice At Large, and Fountainhead Consulting Group
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Midtown Business Radio

CimCo, Voice At Large, and Fountainhead Consulting Group

This week we sat down with B2B experts from CimCo, Voice At Large, and Fountainhead Consulting Group. Bill Plunk and wife, Deidre, founded CimCo Commercial Collections. After teaching in public school for a number of years, Bill made a professional change and entered the banking world. Early on he was tasked with collecting money on loan accounts that were delinquent. Prior to this assignment he had received no training in how to conduct collections calls so he decided he would try to do so in a manner he would hope someone would use if they called HIM to collect on a debt. It quickly became apparent his approach to contacting persons and businesses behind on payments was very effective. He was able to bring many accounts current that had been months (or more) behind, avoiding significant write-offs. He ultimately broke off and started his own company, CimCo Commercial Collections, providing the same courteous, respectful service to his clients and their delinquent customers. His typical results bring resolution on delinquent accounts within 90 days. And his approach to collections has inspired several of the businesses he was collecting on to become customers themselves; a true testament to how he goes about this challenging business.

Bill was kind enough to introduce us to our other guests, Randy Reeves and George Horrigan of Fountainhead Consulting Group. Randy comes from a long background as a dj and voice talent in broadcast radio, spending time in a number of radio stations. He saw an opportunity to become an independent voice actor for stations and various advertisers and for the last few years he has done just that. Listening to the broadcast it’s quickly apparent he has a voice that lends itself to radio and voice over functions. Along with a voice with qualities that make it right for voice talent work, he also brings a pleasant, professional demeanor, making him a great choice as a business partner for the company seeking voice-over talent.

George Horrigan is Founder and CEO of Fountainhead Consulting Group, Inc. which provides consultations on a full range of business planning and operation issues thus enabling you to “Work Less, Make More and Have Fun in Your Business” (the title of his soon-to-be-released book). George has personally has started and operated seven companies and understands the mindset and mentality of an entrepreneur thus giving him both professional and personal perspectives on creating a thriving business. From his over 25 years of experience of being a CPA and a business planner he has a proven track record of showing people step by step, how to grow and take their businesses to the next level by eliminating the guesswork, trial and error, and uncertainty that plague so many business owners. George also introduced us to his book, “Creating a Thriving Business”, aimed at helping the entrepreneurs reading it to do just that by addressing several key data points and strategies that he believes are vital to a successful business venture.

Special Guests:

Bill and Diedre Plunk of CimCo Commercial Collections  Linkedin 

CimCo Commercial Collection

  • BS in Education, Minor in Business, Northeastern State University
  • Former Teacher and Coach, Oklahoma Public Schools
  • Board Member, River of Praise Ministries

Randy Reeves of Voice At Large  Linkedin 

Voice At Large

  • Can be heard frequently on Adult Contemporary and Country Stations
  • Voice talent for numerous TV and Radio ads
  • Recently ranked #14 on Benztown’s Top 50 Biggest Radio Voices of 2014

George Horrigan, Founder and CEO of Fountainhead Consulting Group  Linkedin  Facebook feed logo

Horrigan

  • BBA Accounting, Cleveland State University
  • MS, Financial Information Systems, Cleveland State University
  • Author, “Creating a Thriving Business” and “Work Less, Make More, and Have Fun In Your Business”
  • Former Director of Information Systems, BET
  • Former Financial Services Consulting Manager, HBO & Company

Tagged With: CPa, creating a thriving business, CW Hall, day sales outstanding, delinquent accounts, DSO, Fountainhead Consulting Group, George Horrigan, loans, Midtown Business Radio, public speaking, Randy Reeves, voice acting, voice at large, voice over, Voice Talent

NowAccount Network Corporation

September 2, 2014 by angishields

Midtown Business Radio
Midtown Business Radio
NowAccount Network Corporation
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Nowaccounts Network Corproation
Kim Humphreys and Lara Hodgson of NowAccount Network Corporation

Nowaccount Network Corporation Eliminates DSO Aging for Small to Medium-sized B2B Companies

Today on Midtown Business Radio we were joined by Lara Hodgson and Kim Humphreys of Nowaccount Network Corporation.  In the business world, companies can encounter significant risk related to prolonged aging of their Accounts Receivable.  It’s not uncommon for some businesses to have a Day Sales Outstanding of nearly 60 days.  With so much capital unavailable to cover costs such as payroll, necessary production materials, and capital equipment, many companies are forced to avoid taking on larger contracts/client orders or even close their doors due to capital short-fall.  Until now, B2B companies were forced to try to secure capital through onerous loans (if they could obtain one), factoring agreements (which require disclosure to all clients), and other less-than-optimal sources of funds.  Service companies that provide a service versus selling goods/products can have a particularly difficult time gaining access to loans or other options due to a lack of inventory/capital equipment that could be used as collateral.

Nowaccount serves the B2B space and provides access to AR pending capital within 2-5 days for a 2.5% fee.  In essence the service is akin to being able to accept a credit card for invoices.  Their clients can select which of their customers’ accounts they wish to include in their program rather than requiring them to enroll ALL AR.  Additionally, Nowaccount Network Corporation doesn’t force a long-term contract on their clients, giving them even greater flexibility.  Nowaccount does not require disclosure to their clients’ customers of their relationship so engaging in Nowaccount’s services is completely invisible to the B2B’s customers.  With access to their capital in such a timely fashion, many of the company’s clients have been able to leverage their quick access to pending AR capital into securing large contracts that would have been previously-inaccessible.  Some Nowaccount customers have been able to use their newly-acquired AR Cash in hand to gain bulk buying discounts on supplies/production materials and even improved company valuation prior to selling their company.  If your company is a B2B company that doesn’t have access to capital sources the Big Boys have there is no good reason to not be taking advantage of Nowaccount Network Corporation’s elegant solution to aging DSO!

Special guest:

Lara O’Connor-Hodgson, CEO of Nowaccount Network Corporation  Twitter  LinkedIn  Facebook

Nowaccount Network Corporation
Lara O’Connor-Hodgson of Nowaccount Network Corporation
  • MBA Harvard Business School
  • Former Adjunct Professor of Finance, Georgia Institute of Technology
  • Board of Directors, Georgia Regional Transportation Authority
  • Owner, Insomnia Group
  • Chairman of the Board, Atlanta Heights Charter School
  • Second Language–Japanese

Tagged With: CW Hall, david schwegman, day sales outstanding, dr. david schwegman, DSO, factoring, financial services, Kim Humphreys, Lara Hodgson, Lara O'Connor Hodgson, medium-sized business, NOWaccount, NOWaccount Network Corporation, small business

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