This week, Stephanie Rodin talks with her guest, Sarah Webb. They discuss real-world financial challenges faced by private medical practices, best practices for accounting and cash flow management, and strategies to prevent and detect both internal and external fraud.

In this episode, we discuss:

• Sarah's team assists with fraud prevention and cyber risk mitigation, outlining best practices for internal controls, detection of cybercrime, and real-world examples of risk management in professional settings.

• What common financial challenges arise for physicians and practice owners, including issues related to cash flow, budgeting, compensation structures, and benefit planning; and how expert guidance can ensure sustainable business growth and regulatory compliance.

• Medical and business clients should seek financial advisory services, with emphasis on the importance of proactive planning and profit assessments to identify operational risks before they escalate.

• Why accurate, accrual-based accounting is essential for healthcare organizations to gain clarity on their revenue streams, expense cycles, and to maintain compliance with industry standards and legal requirements.

• When significant financial concerns arise, such as fraud investigations or major tax issues, Sarah describes her methodical approach—offering analysis, legal collaboration, and coordinated responses for optimal client results.

Sarah Webb

Sarah founded Webb CFO to provide accounting assistance and long-term financial planning guidance to licensed physicians and their private practice small businesses. Though Sarah and her team are happy to address the fundamental aspects of day-to-day accounting, such as cash flow management and budgeting, they take client financials a step further by adopting a strategic approach: leveraging numerical data for forecasting and planning, and offering a broader management-oriented perspective.

• https://www.webbcfo.com/