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The complete guide to financial management in healthcare

WebThe business of healthcare increases in complexity as the industry continues to grow. Teams must navigate increased regulations, make sense of oceans of data, juggle …

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URL: https://knowledge.binarystream.com/the-complete-guide-to-financial-management-in-healthcare

Creating a culture of healthcare compliance in your …

Web1. Create comprehensive written policies and procedures that cover every level of the company’s commitment to complying with regulations. 2. Develop a code of …

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Navigating the rising administrative challenges healthcare …

WebThe healthcare industry is undergoing a rapid and substantial expansion, with projections indicating that the global healthcare budget will surge to an astounding $15 …

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Case study Signature HealthCARE saves $120,000 a year while …

WebSignature HealthCARE saves $120,000 a year while scaling from 55 to 239 entities Case study The problem Signature HealthCARE were operating over 55 unique entities and …

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How healthcare providers benefit from implementing an …

WebERP implementation in healthcare organizations modernizes your processes and operations, helps reduce costs, improve strategic and financial planning, and most …

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Unlock the secrets to healthcare mergers and acquisitions …

WebRecent years have seen the trend of healthcare mergers and acquisitions continue to grow. In 2020 at least ten “ mega mergers ” (i.e. mergers with at least $1 …

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Fix inventory management issues in healthcare supply …

WebCommon inventory management issues in healthcare: Expensive supplies and materials. High costs for storage of supplies. Consistent stockouts. Static inventory or …

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Pros and cons of centralized vs decentralized accounts …

Web4. Increased risk of errors, fraud, and compliance issues. Decentralized accounts payable processes can increase the risk of errors, fraud, and compliance …

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ERP software for the healthcare industry Binary Stream

WebHealthcare Materials Management. Lower overhead and eliminate the need for last-minute delivery with streamlined inventory counts and automated replenishment. Gain complete …

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Healthcare Materials Management

WebEffective supply chain management. Manage your entire inventory supply chain management from a single system and eliminate redundancies at every step within …

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Give your finance function a health check with this simple …

WebBelow is a quick health check to help you determine the robustness of your current finance function. This questionnaire is taken from our whitepaper “ The finance …

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Your FAQs about intercompany accounting for multi-entities …

WebThe five core intercompany accounting challenges multi-entities face include: Resource draining, time-consuming processes. Complications due to inconsistent …

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Financial consolidation for multi-companies (FAQs answered)

WebA multi-company business must consolidate when one company has a majority of the voting power in another company, with over 50% of the subsidiary’s …

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Multi-entity accounting solutions for Dynamics GP

WebIn 2004, Binary Stream introduced Multi-Entity Management (MEM) for Microsoft Dynamics GP. MEM is a mid-market solution that has helped organizations …

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5 ways to use subscription data to scale your business

WebIn this blog, explore five ways you should be using your subscription data to scale your company in an increasingly competitive environment. 1. Use recurring billing …

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Subscription revenue recognition The complete guide

WebSubscription revenue recognition has evolved in line with the advent of modern billing models introduced by the growth of subscription services. The ubiquity of …

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7 financial consolidation challenges companies face (with solutions)

WebThe 7 most common financial consolidation challenges. 1. Low quality or inaccurate data caused by manual data entry. Unreliable data is one of the most …

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