Client Challenges
A client engaged in health care services approached PKC with the following challenges:
- Huge income tax liability due to statutory non compliances
- Unorganised accounting system
- Huge cash transactions due to ignorance
- Not aware about the insurance patient collections & accounting
- No business growth despite the potential
PKC Solutions
PKC helped the client with the following solutions:
- Analysed the income tax liability
- Provided solution to resolve the income tax liability with minimum damage
- Full time support is deployed to strengthen the finance team
- Defined accounting procedures to handle special aspects like insurance
- Back end operations are taken over by us so that client’s management team can focus on the core business operations
Results
- 5X GROWTH- Client grown 1 clinic (60 beds) to chain of 5 hospitals ( 350 beds) over 8 years
- Reliable & strong finance team which can handle the business expansion at high pace
- 95% reduction in cash transactions
- Handled the tax scrutiny (Y-o-Y) with zero liability
- Real time rectification of the accounting issues
- Effective MIS reports for business decisions
