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Strong Healthcare FP&A & Accounting Key Amid Stressed Physician Practice Bottom Lines

Inflation and challenging labor markets continue to present financial challenges to physician practices. Leadership decision-making and action-taking in response to financial results are heavily impacted by the quality of financial, planning, and analysis and accounting data. Precise and timely forecasting, re-forecasting, and financial reporting, in addition to healthcare finance expertise in these areas support agile and effective management strategies by CFOs and other finance leaders. Financial dashboarding, accounting, and process automation are key in order to maximize resource utilization and efficiencies and decrease non-clinical costs, while truly adding value.  


 

© Copyright 2022. The views expressed herein are those of the author(s) and not necessarily the views of Ankura Consulting Group, LLC., its management, its subsidiaries, its affiliates, or its other professionals. Ankura is not a law firm and cannot provide legal advice.

“Given the trends in the data, physician practices need to focus on efficiency in the second half of 2022,”

Tags

perspective, office of the cfo, finance

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