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To pay off claims, healthcare payers must be certain of their cash on-hand. With Oracle Modern Best Practice for Healthcare Payer—Finance, you can leverage mobile, social, and analytics to ensure the right amount of cash holding, with error-free account reconciliation. Import statements electronically to monitor payroll, collections, investments, borrowing, and disbursements (such as claims and dividends). Take advantage of the cloud to securely socialize bank transactions, reconcile statements to bank transactions, and reconcile balances.
Use secure, role-based dashboards to review automated aggregation of disbursements (such as dividends), payroll, investments, and borrowing. View highlighted differences and variances to plan (such as the number of unreconciled statements).
Daily updates with banks featuring an automatic comparison of records and an automatic adjustment of fees and minor differences. Align daily balances.
Execute global cash management. Optimize balances across accounts using zero balance schemes or other methods. Review real-time data on bank positions.
Automated month-end statement reconciliation. Balance sheet optimization with automatic updates to forecasts and plans.