Healthcare Financial Performance Metrics: A Comprehensive Guide to Boost Efficiency
Healthcare organizations face the ongoing challenge of managing their financial performance while providing quality patient care. In today’s rapidly changing healthcare landscape, it is more critical than ever for these organizations to have a comprehensive understanding of their financial metrics in order to make informed decisions and drive efficiency. Tracking healthcare financial performance metrics, also […]
Cash Flow Management in Healthcare
Cash flow management is crucial for healthcare organizations to ensure financial stability and provide optimal patient care. It involves maintaining a steady flow of money in and out of the practice, effectively managing expenses, and planning for unforeseen costs. In Australia, healthcare providers face factors such as fluctuations in patient base, seasonal expenses, and tax […]
Accounting for Third-Party Payers
With the rise of e-commerce and the use of third-party payment providers, businesses need to consider and account for various elements of the transaction. This includes handling bank holding accounts, accounting for businesses offering cashback, utilizing SBCA bank feeds, and properly accounting for 3rd party payments in accounting systems like SBCA. Key Takeaways: Businesses must […]