Financial Management of Specialty Care Settings
Effective financial management is crucial for optimizing performance in specialty care settings. In the Australian healthcare system, proper allocation and management of financial resources play a significant role in ensuring the delivery of high-quality patient care. Specialty care settings, such as hospitals and clinics, face unique financial challenges that require strategic planning and careful decision-making. […]
Financial Management of Medical Practices
Sound financial management is vital for the success and sustainability of medical practices. Effective book-keeping, record-keeping, and tax and accounting practices can ensure smooth operations and sustainable financial growth. To navigate the complexities of financial management, medical practices can rely on resources like the RACGP guide on financial management, the Department of Health’s administrative record-keeping […]
Healthcare Investment and Capital Allocation in Australia
The healthcare industry in Australia is experiencing significant market forces as a result of the COVID-19 pandemic. CFOs and finance leaders are recognizing the importance of optimizing capital allocation decisions to generate long-term value. However, a recent survey revealed that 77% of provider CFOs and 78% of payer CFOs believe there is room for improvement […]