Fractional CFO Services

Marc Egort Delivers as Fractional CFO

A South Florida Hospital News profile on what CFO-level support looks like when you do not need a full-time CFO.  

Featured in: South Florida Hospital News, December 2025. By Lois Thomson.  

Read the original article:  https://southfloridahospitalnews.com/marc-egort-delivers-as-fractional-cfo/

‍

As described by Marc Egort, a chief financial officer (CFO) is someone hired to assist the executive team in making decisions that impact them financially. Their job is not necessarily to do the financials, but more to interpret and help use the information as a planning tool. But what if a company isn’t ready to make a fulltime investment in a CFO? That’s where Egort can step in – as a fractional CFO.

Egort explained, “We hire ourselves out to provide fractional CFO services to companies that may not need the services fulltime.” He said reasons for that decision could include that the company would be required to give a fulltime financial officer not just sizable compensation, but also benefits; stock options could be involved as well, and a company may not want to or may not be in a position to do that. That’s when his firm can step in.

“We make ourselves available to provide some pretty specific components, so once financial statements are prepared, we will go in and do some analytics.” He said, for example, they can provide information on the relationship to the client’s budget, in terms of how they performed, or are able to provide information on a cash flow projection – whether there might be a potential deficit over the next six months, so the company can prepare for that.

Egort founded his own public accounting firm, Marc Egort CPA, P.A., in 1999, after having been in public accounting since 1991. His background has been in home health and healthcare since 1989. He said that in going from being a healthcare consultant to financial reporting and tax compliance – his work over the years has evolved into a tax practice, and tax mitigation is one element of it. He has considerable background in cost finding, financial reporting, and analyzing balance sheets, and understanding what moving parts are for all types of businesses. “Our job is then to help educate the business owners along the way.”

He pointed out that he is able to format a financial statement in any way that best suits a business owner’s needs. “For physicians, we remind them that you’re not just the doctor, you’re also a business owner, and as a business owner you have certain tenets of responsibility that require you to understand what your compliance requirements are – such as deadlines, among other things. But physicians don’t need to know how to do it, they just need to know that it exists, and that it has to be done.”

Egort continued by saying his firm can give clients a different way to view their profit-and-loss statement, and can provide them with a different way of understanding how those drivers work in their favor – or if they don’t. “In a physician’s particular case, what is the revenue per patient? Not only is there a direct cost of providing care to the patient, but there is also the cost of patient acquisition: do they know the cost of acquiring a patient, whether it’s through marketing and advertising or referral costs? They need to have an understanding of how decisions impact their financial picture.”

Egort said he works with clients either in a limited engagement or a longstanding arrangement. The limited ones could involve just getting a company in a good financial reporting position. “The longstanding ones, on the other hand, could be the client saying, ‘We’re expanding, I need someone to get me in front of a lender, I’m looking to sell in a few years, I need my financial statements to be industry-standard, I need a balance sheet supported by some paperwork.’

“So there’s a variety of engagements that (fractional CFOs) could be used for. It could be expansion opportunity, and I’ll put them in front of a lender resource that will help them get to the next plan. My job would be to help them with the budget process, help them with projections, help them get that funding.”

So whether it’s healthcare or other types of businesses, Egort said he can, from ground floor operations, “take their entire financial operations and put it into our office so they don’t have to worry about it. All (physicians) need to do is practice medicine and we’ll pay their bills, we’ll do the payroll, we’ll do their reconciliations, we’ll take care of the general ledger, so they don’t have to bother with it, and so they know everything is done on time.”

For more information, call (754) 301-2183 or visit www.egortcpa.com.

‍

Source: “Marc Egort Delivers as Fractional CFO,” South Florida Hospital News, December 2025.