Profitable payers approach treasury and working capital management with a goal to lower costs and free up resources for investment and growth. They take full advantage of myriad opportunities to improve their organization's financial performance. Accelerating cash flow. Settling payments swiftly. Reducing working capital liabilities. Negotiating favorable payment terms with suppliers. Establishing clear accountability in accounts payable and receivable. Increasing the value of collections personnel. Gathering better information to support more accurate and strategic decision making.
CFOs are increasingly focusing upon improving overall financial reporting and information management to consolidate and close the financials, compare budgets to expenditures and identify, capture, analyze and leverage the right information to run the business.
You should improve your revenue cycle processes to accelerate cash flow. We can help you improve processes for bill generation, payment and reconciliation. Good performance management of financial processes and practices can improve overall financial performance. We can help you assess and improve your front-end budgeting processes and tools. We can help you identify the right performance metrics and set up processes and systems to capture them. We can assist you in implementing budgeting, planning, consolidation and other performance management systems, focusing on process, configuration and controls.
You should investigate better ways to manage your treasury. We can help improve your treasury processes and controls and your use of cash. We can show you how to reduce the costs of managing cash and banking activities, and gain a better understanding of financial risks.
Subject matter specialist
US Healthcare Payer Practice