Liquidity management in hospitals
Know and decide the current liquidity
In day-to-day business, you can access a variety of often-unexpected demand requests for additional investments such as equipment, construction projects, or expensive medicines. Nevertheless, the financial result from the economic plan for the financial year should be adhered to. The funds are usually scarce and external donors (credit institutions, carriers) are not pleased with an unexpected additional financing needs.
In order to keep track of the liquidity and to be able to decide on inquiries, all information is needed reliably, meaningful and up-to-date. Would not it help you so much,
_ be able to query the funds actually available at any time simply and without effort?
_ to recognize whether these resources are sufficient and how optimal distribution should be?
_ to be able to see in advance what impact decisions have on liquidity in the short and medium term?
_ knowing what leeway you can hold in your lines of credit to offset risks?
Temporary support - through the 4C GROUP
The 4C GROUP supports you in answering the listed questions. We work with you and for you, starting with a sorting of the booked accounts in the financial accounting up to the development and mapping of the especially suitable for you key figures in the reporting. For this purpose, we usually analyze the initial situation in a standardized way and then work together with your team on the introduction and implementation of an information and control toolkit.
The following aspects are essential for understanding the previous reporting system and for orienting the new liquidity reporting:
_ Methodology / logic of reporting and preparation
_ Process and interfaces for report generation
_ Integration / delivery of the specialist departments and areas
_ Systems for creating and securing data quality
_ Integration of various subsystem and planning data
_ Frequency / horizon of coverage
_ Responsible / recipient of the reporting
_ Report Run and Decisions / Consequences from Reports
Approved standard procedures are used which are geared to your individual needs. The solutions can usually be mapped in your existing reporting tools. But we also offer you a ready-made, preconfigured tool that has been developed and implemented by 4C GROUP together with hospitals as a best practice solution. In addition to the "technical" introduction of a liquidity reporting, in which we summarize information "live" via an interface structured in a manageable representation and, for. aggregate to a meaningful cash flow statement, there is a great focus on the establishment of the necessary processes. The sustainable application of the steering instrument by your employees - that is our goal. The 4C GROUP will continuously involve your employees in the preparation and implementation and support and coach in the reception of the new reporting.
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