Flychain provides an integrated financial control tower specifically for healthcare practices, combining bookkeeping, tax services, and capital access on a single platform. The service utilizes healthcare-specialized bookkeepers and CPAs to ensure accurate accounting and tax compliance tailored to the industry's unique needs. Furthermore, it offers CFO intelligence tools for benchmarking contracted rates and peer comparisons, alongside access to various forms of capital financing.
Funding
Funding not disclosed
HEFounders
Product
Problem
Small to medium-sized healthcare providers face complexities in financial management, including accounting, accessing capital, managing treasury, and gaining revenue cycle intelligence. These challenges can hinder their ability to streamline operations, optimize cash flow, and maintain overall financial health.
Solution
Flychain provides a financial operating system designed specifically for small to medium-sized healthcare providers. The platform offers a suite of tools encompassing accounting, capital access, valuation services, treasury management, savings optimization, and revenue cycle intelligence. By consolidating these functions into a single platform, Flychain enables healthcare providers to optimize their financial health, improve cash flow, and make informed decisions. The platform's healthcare-specialized bookkeepers provide consolidated financials, while access to various forms of capital caters to specific needs.
Target Audience
The primary target audience consists of small to medium-sized healthcare providers across various specialties, including behavioral health, home health, hospice, and primary care.
Features
- Healthcare-specific bookkeeping services providing consolidated financials across multiple locations.
- Access to capital, including receivables financing, lines of credit, and SBA programs.
- Valuation services to assess business value and develop improvement strategies.
- Treasury management tools to optimize yield on idle cash through institutional assets.
- Savings strategies to minimize expenses, including insurance premiums, tax savings, and state grants.
- Revenue cycle intelligence to monitor key metrics and identify areas for improvement.
- Consolidated financials and uniform reporting across multiple entities.