In today’s climate of health system mergers and acquisitions, finance staff find themselves with not only one of the most important, but also one of the most complex roles in a healthcare organization.
Vital to the overall success of the health system, the areas that comprise healthcare finance departments – from contract management and legal affairs to patient accounting and revenue cycle management – have the responsibility to create, track, identify and disseminate trending financial data to managers and decision-makers. When these activities occur across a myriad of systems at multiple facilities in different locations, it gets really complicated.
To empower faster and more informed business decisions, OnBase delivers proven financial management solutions to help healthcare organizations:
- Maintain adequate cash flow to achieve organizational objectives
- Manage and control costs
- Establish and manage profitability levels
- Prepare financial documentation and reports