Today we’d like to introduce you to Christian Castro.
Thanks for sharing your story with us Christian. So, let’s start at the beginning and we can move on from there.
Graduated from the University of Florida in 2002 with a bachelor and masters in accounting. Went to work for Deloitte and Touche right after graduation. Worked there for 2 years but it wasn’t my cup of tea. The big corporate had too much politics and the hours were way too long. It wasn’t something I saw myself doing for the rest of my life. When left Deloitte I knew I wanted to work with more small and medium-sized businesses, instead of the large public companies. I felt like I could make more of an impact and it was a lot more personable.
So in my search, I came across a healthcare consulting firm looking for a VP of Finance and Accounting. Florida Medical Management Consultants was a firm with over 30 years serving the healthcare industry. The majority of the clients were physicians and the owner was Joseph Cobo. The company did an array of services for physicians, from practice startup to accounting, taxes, operational assessments, staffing, valuation, mergers, buy-in/buy-out. every aspect of a doctors practice was being serviced. I immediately was intrigued with the idea of dealing in the healthcare industry. Lucky enough I applied and was hired in 2005.
From there on out, I was immersed in the everyday workings of physician practices. Fast forward to 2012 when my boss Joe Cobo approaches me and lets me know that he will be going on disability and he is planning on selling the business. However, before he puts it on the market he offered it to me. Without hesitation, I purchased the practice at the beginning of 2013 and he we are 5 years later strong and still growing.
Has it been a smooth road?
Being an owner has it and pros and cons of course, but the hardest thing is always like any other small business is managing employees. Luckily I have been fortunate, healthcare is a very steady industry and doesn’t have some of the highs and lows as you see sometimes in other industries.
So let’s switch gears a bit and go into the TriCPS-CPAs and Healthcare Consultants story. Tell us more about the business.
We are not just CPAs but we are healthcare consultants. I only service physicians or people the healthcare industry. we get involved in every aspect of a physician practice. Accounting, taxes, staffing, credentialing, recruiting, mergers, valuations, buy-ins/out, practice startups. I also represent my buyers of healthcare practices, so helping doctors sell their practice has been a good portion of the business in recent times.
We are very in tune with what is going on in the healthcare industry and our knowledge will differentiate us from just another CPA. I think in this day of the era you have to specialize in order to show value to your clients. Helping start up a practice from scratch and seeing them grow and succeed and assisting them along the way is a very gratifying feeling.
How do you think the industry will change over the next decade?
Healthcare is not going anywhere it will only get bigger, especially with the amount of baby boomers on the verge of retirement. There is a lot of changes going on now in the industry especially with Medicare. MACRA, MIPS, ACO, MSO, and HMO these are just some of the acronyms that most healthcare professionals are dealing with right now and who knows what new acronyms will be out in 5 or 10 years. Either way, healthcare is here to stay and is only getting bigger.
Contact Info:
- Address: 1600 S. Federal Hwy, Ste 420, Pompano Beach, FL 33062
- Website: www.tricps.com
- Phone: 9543510336
- Email: ccastro@tricps.com
- Facebook: https://www.facebook.com/TriCPSMedicalAccounting/?hc_ref=ARSQJHoLmznHYzywcuDS8LOlxJx8Fqp_1Q1aEXAvRUvYkucnb8gNCNkkaxOz2l0H7_M&fref=nf
Image Credit:
Christian Castro (39), Gabriella Castro (38), Charllote Castro (Daugter 3 years), Olivia Castro (Daugter 7 months)
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