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Tag: Finance
Skilled nursing and long-term care’s new reality: workforce pressure, policy whiplash, and why financial visibility matters more than ever
If you lead a skilled nursing or long-term care organization today, it probably feels like the ground keeps shifting under your feet.
10 Must-Have Skills for Rural Healthcare CFOs
There’s been plenty written about what makes a modern CFO. Skills like strategic thinking, risk management, and communication keep showing up again and again in research from finance associations. And while we agree, we also know that rural healthcare CFOs live in a different world. Fewer resources. Broader responsibilities. Higher stakes.
Scaling with Purpose: What Growing FQHCs Need from Their ERP
When your community health center opens its third, fifth, or twelfth location, it’s a milestone worth celebrating. But behind every expansion ribbon-cutting is a finance team silently bracing for the next wave of operational complexity.
Understanding Financial Risk Management: Strategies to Safeguard Your Business
Business owners have been bombarded with unprecedented risks over the past few years. COVID-19 wreaked havoc on many operations, and the resulting supply chain issues and staffing shortages caused some businesses to close up shop.
Understanding Financial Statements: A Guide For Non-Accountants
Every quarter, publicly traded companies release their financial statements to the public. These reports are heavily scrutinized by analysts and investors who use these documents as a yardstick for the company’s current performance.
2022 CFO Survey: Most hospital finance teams still waiting for access to real-time data
One of the most significant findings was that 90 percent of respondents reported that data analysis is important to achieving their organizations’ financial goals, yet only 25 percent said they had access to robust real-time information to drive better financial performance. Multiview CEO Michael Johnson said these findings suggest antiquated technologies not tailored to healthcare…
Key Roles in Accounting
Just as there are different types of accounting, various finance and accounting roles correspond to these different categories.
Healthcare Finance KPIs You Should Be Tracking
The healthcare industry has gotten more regulated, competitive, and data-centric than ever. This means that your healthcare organization needs to do whatever it can to ensure that it is accurately tracking the necessary data.
Compliance in Accounting
In finance and accounting, rules, often known as standards, ensure that companies comply with the law and the practices of their particular industry. Most businesses need to comply with accounting and finance standards to keep accurate records and minimize the risk of wrong-doing.
ERP vs. Accounting Software
Enterprise resource planning (ERP) systems are becoming increasingly popular investments for many businesses. In some cases, ERP is replacing the accounting software that many have relied on for years.
What Are The Different Types of Healthcare Software?
Healthcare information technology is predicted to reach a value of $511 billion by 2027. Healthcare software is becoming even more prevalent and important as the COVID-19 pandemic continues. With healthcare IT becoming dominant in the healthcare industry, it is important for administrators to know the different options available and how they can assist in operations.
The Top Five Healthcare Blogs Finance Professionals Should be Following
It’s vital for finance healthcare professionals to stay abreast of what’s happening in their industry, especially since events like COVID-19 have dramatically reshaped how healthcare is delivered on a global scale. Currently, even things like policy, which often moved at a snail’s pace, can change in a matter of days.