MPact Health & Wellness

Introduction

MPact Health & Wellness is a leading integrative practice that provides personalized, data-driven care by combining traditional medical diagnostics with advanced functional medicine techniques. Their services are rooted in prevention, lifestyle modification, and proactive health management. With a team of multidisciplinary providers—including MDs, nurse practitioners, chiropractors, and health coaches—MPact helps clients achieve optimal wellness by addressing the root cause of health concerns rather than just symptoms.

Challenge: Managing Financial Operations Amidst Rapid Growth

As MPact Health & Wellness scaled their services and expanded their client base, they faced several financial and operational challenges that required dedicated accounting expertise:

1. Increased Financial Complexity Across Services

With a wide range of services and health programs, MPact needed consistent categorization of revenue streams and expenses to understand operational performance accurately.

2. Lack of Dedicated In-House Accounting Team

The absence of full-time accountants meant that billing, reconciliation, and financial reporting tasks were handled by administrative staff, increasing the risk of errors and inconsistencies.

3. Delays in Month-End Closing & Financial Visibility

Timely month-end closing and real-time visibility into cash flow, revenue, and outstanding invoices were critical to maintaining healthy operations and planning future growth.

Solution: Dedicated Accounting Professionals for Accurate Financial Management

Dotcomsourcing provided MPact Health & Wellness with two highly experienced accounting professionals, ensuring accurate bookkeeping, efficient month-end processes, and clear financial oversight.

Accounting Professionals

  • ● Managed day-to-day bookkeeping, ensuring all transactions were recorded accurately and categorized properly in QuickBooks.
  • ● Conducted reconciliations of bank accounts, credit cards, and vendor accounts on a regular basis.
  • ● Prepared monthly financial statements, enabling the leadership team to make informed decisions based on real-time performance metrics.
  • ● Streamlined accounts receivable and payable tracking, reducing outstanding invoices and late payments.
  • ● Supported compliance by maintaining clean records in preparation for tax filings and audits.

Impact: Financial Clarity and Operational Efficiency

  • ● Achieved 100% accuracy in daily financial entries.
  • ● Completed month-end closing within 3 business days, compared to the previous average of 10+ days.
  • ● Improved visibility into cash flow and revenue trends across various service lines.
  • ● Freed up internal staff from financial tasks, allowing them to focus on client care and wellness operations.
  • ● Laid the foundation for scalable financial processes aligned with MPact’s growing business.

Conclusion: Empowering Wellness with Back-Office Precision

By integrating Dotcomsourcing’s accounting professionals into their workflow, MPact Health & Wellness gained the financial clarity and operational control needed to support their mission of transforming health through personalized care. Our accountants continue to provide reliable financial support, allowing MPact Health & Wellness to focus on delivering exceptional care and building meaningful connections with their patients.

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