The healthcare industry is rapidly growing. It’s estimated that the will reach $15 trillion by 2030. The following content explores solutions to common challenges administrators face in the healthcare industry. We published the complete guide to financial consolidation and covered a range of topics addressing issues surrounding healthcare administration, such as balancing costs and creating a culture of compliance. Check out the following resources to learn more.
The complete guide to financial consolidation
Without the proper tools and processes, financial consolidation can be riddled with confusing operations and complex accounting. This complete guide offers checklists, resources, and steps that will enable you to optimize your administration processes. It even comes with a refresher of relevant global accounting standards like ASC 810 and IFRS 10.
A guide to creating a culture of healthcare compliance in your organization
This blog serves as an introduction to healthcare compliance. It offers guidelines and best practices, as well as common hurdles you might face as you define and implement your plans for complying with relevant accounting standards.
Case study | MoxiWorks saves 80 days annually by automating recurring billing processes
MoxiWorks is a real estate software provider based in Seattle, Washington, with a team of 150 employees and revenue of $150 million. With over 340,000 active users on their platform, monthly payments processing became increasingly complex. Period-ends required working with spreadsheets, PDFs, and emails outside of their accounting system, resulting in errors and unreliable invoicing. This case study examines how they were able to transform their recurring billing processes and most obsolete tasks.
How healthcare providers benefit from implementing an ERP
Healthcare organizations are dependent on accurate and reliable information so they can provide the best possible care for their patients. Enterprise resource planning (ERP) software acts as the central nervous system within your organization. It gives you the power to manage and direct the different functions that need to occur to keep your organization healthy by integrating information from other departments into a centralized database. Read this blog to learn about the benefits of implementing the right ERP in your healthcare organization.
Video | Is technology the answer? The rise of healthcare administration challenges (2 minutes)
Administrative costs take up 34% of US healthcare’s total spending. It’s not surprising, given the unprecedented growth of the industry and the fact that most days, healthcare administrators tackle everything from supply chains to regulatory changes. The video below covers three of the biggest healthcare challenges you might be facing and how technology can help.
