Healthcare

Delivering high-quality care isn’t just about having the latest medical technology. Your ability to serve patients also requires modern accounting technology to ensure a strong financial foundation. Yet if you’re still relying on manual processes to manage your close, your financial foundation is shaky at best. Keeping up with the need for more care means knowing exactly what you can spend and when. Yet a spreadsheet-driven close hampers visibility and transparency—bad news for growing healthcare systems with ever-expanding patient loads. A complex, manual close also increases errors. Relying on spreadsheets to close the books every month is like using file folders for patient records. It’s both inefficient and risky. One transcribed number in one cell, multiplied by 100 or even a 1,000, not only increases scrutiny but can reduce your organization’s ability to cost-effectively care for patients over time. Spreadsheets aren’t efficiently scalable. Healthcare organizations are merging rapidly. This translates to more patient accounts, but adding more spreadsheets and even more accounting personnel isn’t the answer. BlackLine helps healthcare organizations close faster, more accurately, and create a stronger, more visible financial foundation. BlackLine Finance Controls and Automation platform automatically imports data from bank files, POS systems, sub-ledgers, and ERPs. Transactions are matched faster—one million per minute—yet with fewer errors, leaving accountants time to focus on analysis and discrepancies. And internal and external auditors can access records in real time, from anywhere in the world, without asking for files or waiting on emails.

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