BLACKLINE FOR HEALTHCARE & LIFE SCIENCES
Delivering best practices with up to 338% annual ROI so healthcare accounting teams can focus on what matters most
The riskiest thing you can do is not change. In this modern world, digital transformation is a reality. Companies that don’t embrace change will be left behind. We have to take advantage of the technology available and the automation that it offers. And I believe BlackLine delivers that.”
In the face of unparalleled demands, the healthcare industry is constantly evolving and innovating—adopting new technologies and delivery models to improve the patient experience and manage increasing complexity.
Just as their organizations are innovating, so must healthcare accounting teams. With growing cost pressures and shifting consumer behavior, accounting teams must adapt by embracing technology that improves visibility, optimizes working capital, and creates capacity for strategic work.
See why leading companies like ThermoFisher Scientific, McKesson, and Covidien trust BlackLine for financial close automation, visibility, and control.
Pablo Baez
Sr. Manager, Centralized Accounting
Modern accounting use cases for healthcare & life sciences organizations
Improve cash flow and manage M&A integration
Centralize and standardize distributed close tasks, controls, and journal entries
Automatically reconcile billings, insurance claims, and payments
BlackLine is the Leader in G2’s Financial Close Software Grid
See how healthcare companies are unlocking capacity in Accounting
Reduced manual journal entries by 36%, increased global transparency and streamlined workflow using mobile access.
Achieved 338% ROI, reduced audit time by 400 hours, and deployed BlackLine without needing IT resources.
We’d been using the same spreadsheet-driven process for 15 years [to reconcile data across sources including Epic and ERPs], but it was very manual and tedious and employees were burning out. We wanted staff to be able to focus on more value-added activities. BlackLine has given us a foundation for growth and scalability.”
Senior Financial Management Analyst, Nonprofit Medical Center
The value of accounting automation
87%
less time spent on transaction matching
5x
faster close cycles
50%
more productivity from Accounting
BlackLine returns $2.77 for every dollar spent
Additional Resources
Medical Center Customer
Read how one medical center saved two days every month on manual transaction matching by automating manual reconciliations.
BlackLine for Healthcare: Aligning Healthcare Accounting Teams to Revenue Driving Activities
Learn how common challenges facing healthcare accounting teams can be addressed with modern accounting technology
3 Key Focus Areas for Healthcare Accounting Automation
Outdated accounting processes are not sustainable as the healthcare industry continues its ongoing evolution to become more efficient, transparent, patient-centric, and value-based.