Hospital client grown by 5X over 8 years due to tax savings and concurrent business review.

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

How PKC can help you

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