Anthem Memory Care Gains Financial Continuity, Speed, and Executive Insight Through Fractional CFO Leadership

Anthem Memory Care Summary

The retirement of Anthem Memory Care’s CFO created an immediate need for senior financial leadership. While the company already had a full accounting team and a highly capable controller, replacing a CFO required time and careful consideration.

Preferred CFO was engaged to provide fractional CFO leadership during this transition. The assigned CFO brought executive-level experience and a proven perspective, helping leadership maintain momentum while also identifying opportunities to strengthen financial communication and internal structure.

The Challenge

Although Anthem Memory Care had a solid accounting foundation, the CFO transition revealed opportunities to improve speed, clarity, and executive-level financial insight. Leadership recognized that financial information often arrived too late to support timely decisions and that the organization could benefit from experienced perspective during the transition.

Key Financial Challenges

• Retirement of a long-time CFO created leadership continuity risk

• Needed immediate executive-level coverage without rushing a full-time hire

• Financial close timelines were too long to support timely decision-making

• Management reporting lacked speed and executive focus

• Opportunity to reassess communication flow and organizational structure

• Desire for experienced CFO perspective during a period of transition

Anthem Memory Care needed an interim CFO partner who could step in immediately, work effectively with the existing team, and elevate financial leadership without disruption.

The CFO Solution

Preferred CFO provided Anthem Memory Care with fractional CFO leadership focused on continuity, execution, and insight. Working alongside the internal accounting team and controller, the fractional CFO added executive-level oversight while improving how financial information was delivered and used.

Core CFO Solutions Implemented

Executive-level CFO leadership during transition
Provided immediate oversight and guidance while Anthem Memory Care searched for a permanent CFO or long term CFO solution.

Operational and organizational insight
Reviewed business practices and management structure, identifying opportunities for improved alignment and effectiveness.

Accelerated month-end close process
Reduced close timelines so leadership received timely, actionable financial information.

Improved management reporting
Delivered clearer, more concise management reports designed for executive decision-making.

Streamlined financial communication
Simplified how financial results were communicated, improving understanding and confidence across leadership.

The CFO engagement provided Anthem Memory Care with access to a CFO who had navigated similar transitions and brought perspective that was not previously available internally.

The CFO Results

With Preferred CFO’s support, Anthem Memory Care not only maintained continuity but improved the effectiveness of its financial operations during a critical transition.

Key CFO Success & Results

• Maintained uninterrupted CFO leadership during transition

• Gained immediate access to senior-level CFO expertise

• Significantly reduced month-end close timelines

• Improved executive visibility through timely management and KPI reporting

• Enabled faster, more informed decision-making

• Strengthened alignment between finance and leadership

• Identified opportunities to improve organizational structure

Preferred CFO became a trusted executive partner during a pivotal moment for the organization.

Looking Ahead

With a stronger financial foundation and improved executive visibility in place, Anthem Memory Care is well positioned to continue operating with confidence as leadership evolves. The improvements made during the fractional CFO engagement will continue to support timely decision-making and disciplined financial management.

Comprehensive Case Study Summary

Anthem Memory Care engaged Preferred CFO for fractional CFO leadership following the retirement of its CFO. Preferred CFO provided immediate executive-level support, ensured continuity during the transition, accelerated month-end close timelines, improved management reporting, and delivered experienced insight into financial communication and organizational structure. The result was improved visibility, faster decision-making, and a smooth leadership transition supported by trusted fractional CFO expertise.

At a Glance

Client: Anthem Memory Care
Partner: Preferred CFO
Industry: Senior Living / Memory Care
Services Provided: Fractional CFO leadership, executive transition support, management reporting, close process optimization
Key Outcomes: CFO continuity, faster closes, improved reporting, executive insight, organizational clarity
Location: United States