It can occur on a spreadsheet or a scrap of paper. Or with a misplaced digit or a mistyped decimal point. A harmless accounting error becomes a harmful mistake. A simple discrepancy turns into a disaster. That’s what happened to a hospital network in Naperville, Illinois, which overestimated how...
It can occur on a spreadsheet or a scrap of paper. Or with a misplaced digit or a mistyped decimal point. A harmless accounting error becomes a harmful mistake. A simple discrepancy turns into a ...
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When looking for new business software, consider the two main options on the market. Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) are standard software types for ...
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Being able to explain the fundamentals of hospital financial accounting is important for a number of reasons. First, the healthcare accounting team needs to understand what systems and healthcare ...
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We are excited to announce we will be hosting virtual IMUG 2021 on September 21st & 22nd. We’re disappointed that we won’t be able to connect the Multiview community in person for the second ...
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Hospitals have one of the most complex accounting structures. In addition to multiple internal entities and closely integrated third-party partners, patient accounting has to deal with different ...
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One of the biggest challenges of multi-entity accounting is balancing the needs of empowered decentralized organizations with the efficiency gains of centralized operations and processes. The CFO for ...
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Agility in Healthcare The idea of being an agile healthcare organization is not a new concept. In 2017 McKinsey produced a significant amount of work that highlighted the importance of agility in a ...
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Consumers, business leaders, employees, investors, and communities all care about a company’s environmental, social, and governance (ESG) practices. The problem is that—unlike with profitability—it’s ...
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Enterprise resource planning (ERP) can be a powerful tool when businesses leverage it to manage data for core business processes. However, several common ERP myths can discourage companies from ...
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