Fractional CFO · Healthcare & Specialty Practices

Your numbers should tell you the truth, before it costs you something.

I'm Rob Freels, a 25-year operator-focused CFO. FreeRivers CFO Advisory brings real financial leadership to healthcare and specialty practices on a fractional basis, without the full-time price tag.

You can be busy, profitable on paper, and still one bad month away from a real problem.

Most practice owners don't find that out until it's expensive, because nobody's actually looking at the full picture. Bookkeeping tells you what happened. It rarely tells you what to do next.

That's the gap I fill: clear financials, real cash flow visibility, and a CFO-level read on what's actually driving (or draining) your margins.

Two ways to start

No long-term commitment required to find out what's really going on in your numbers.

Two-week engagement

Practice Financial Diagnostic

A focused, two-week look at your books. I'll surface the top issues quietly costing you money (pricing gaps, margin leaks, cash timing problems) and hand you a short, plain-English findings report. No jargon, no 40-page deck.

Flat feeScoped after a free intro call

Run a group therapy or psychiatry practice? I built a page just for you, including a free break-even calculator that shows what a new clinician has to bill before they pay for themselves.

See the group practice page
Selected Outcomes

What this looks like in practice

Results from a multi-provider specialty practice where I served as CFO and practice administrator. Every practice is different, and none of this is a promise about yours.

112%
Profit margin improvement, through budget discipline, provider productivity modeling and payer-mix analysis
29%
Reduction in days in A/R, via denial-trend analysis and a rebuilt billing workflow
20%
Reduction in total operating expense over four years
18→12
Days to close the month, after redesigning the reconciliation workflow and reporting calendar

A few principles I don't bend on

Cash flow is the truth

Everything starts there. Profit on paper means nothing if cash doesn't follow.

Finance and operations are one thing

Reporting without execution is just noise. The numbers should change what happens next.

Clarity beats more data

Leadership needs actionable insight, not another dashboard nobody opens.

Rob Freels, Founder of FreeRivers CFO Advisory

25 years on every side of the finance desk.

I've worked as a banker, an auditor, and for the last 16 years a CFO, across healthcare services, physician practice operations, product distribution, and public accounting. That mix gives me a practical lens on how capital, operations, and risk connect in real businesses, especially in regulated, high-friction environments.

I'm most effective in environments that require building, fixing, or scaling the financial engine behind the business. Right now, I'm taking on a select number of fractional CFO engagements with healthcare and specialty practices that want exactly that.

Lexington, KY. Working with practices nationwide.

If your numbers feel like a black box, let's open it up.

First conversation's on me. No pitch, just a straight look at where things stand.