Is consolidating the accounts of multiple entities causing headaches in your healthcare or care home organisation?
This post examines how cloud accounting for healthcare could be the cure…
Financial consolidations in Healthcare organisations can prove to be a time-consuming challenge without a centralised accounting system in place.
Consolidating accounts for multiple practices , care homes, hospitals and clinics is proving challenging for Healthcare finance leaders because of factors like these:
- Waiting for sites to submit their reports to close the books.
- Needing to adapt to changing accounting rules and regs.
- Having to collate and consolidate information submitted in different ways (e.g. via spreadsheets or emails).
Adding to the stress load is trying to satisfy stakeholders’ demands for the information they need, so they can understand a variety of business lines.
Is there an easier way? Healthcare organisations are adopting cloud financial management platforms to simplify their accounting, helping them improve efficiency and gain greater visibility across their operations.
Is it time to move your accounting to the cloud?