Effectively Managing the Financial Close to Gain Efficiency and Effectiveness
Healthcare organizations— hospitals, clinics, and the networks they are a part of— are one of the most important industries in our society. But the accounting and revenue teams that keep these organizations functioning are unnecessarily overburdened due to outdated technology.
Unfortunately, for the many healthcare accounting teams that are still using manual processes and spreadsheets as the primary tool for their financial processes. This makes it nearly impossible to provide valuable insights to the organization while staying on top of your daily responsibilities. Investing in financial automation, especially in today’s constantly changing environment, will have significant, positive impacts for healthcare accounting teams in the long and short-term.
Explore the resources below to learn more about the benefits of implementing automation within the financial close process to increase the efficiency and effectiveness of your office of finance.
Resources for Healthcare Accounting Teams
3 Challenges Cadency Can Solve For Healthcare Accountants
4 Ways Financial Automation Helps Healthcare Accounting Teams Future-Proof Their Financial Processes
How Healthcare Accounting Teams Can Evolve to Gain Efficiency and Effectiveness In Their Financials
3 Ways Finance Teams Impact Their Healthcare Organizations
Healthcare Financial Close Best Practices: 5 Tips For Reducing Risk
Optimize the reconciliation process and effectively manage risk in healthcare accounting. After patient care takes place, the payments for all services rendered need to be...Read Now
Cadency Reconciliation Match
Reconciling transactions is one of the most time-consuming and manual parts of the financial close.
With Cadency Reconciliation Match (Match), your office of finance can quickly perform high-volume transaction matching and rapidly enhance the accuracy and regulatory compliance of all resulting financial statements.
Collaboration capabilities within Cadency Reconciliation Certify allow users to be added to preparer and reviewer user groups assigned to the same reconciliation, while still maintaining the segregation of duties for audibility. This reduces administrative work and time and cost of the close and also optimizes resource allocation.
Schedule A Demo Now
Want to learn more? Schedule a demo today to see why some of the world’s leading healthcare organizations trust Cadency.