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With ongoing statutory changes to healthcare coverage laws, it is vital for healthcare providers to establish a modern data-driven cash management approach to support patient care initiatives. With Oracle Modern Best Practice, you can leverage mobile, social, analytics, and the cloud to ensure an error-free account reconciliation and an efficient close. Use secure, role-based dashboards to review summative reimbursements, payroll, receivables, donations, investments, and borrowing. Import statements electronically to monitor and interact with the entire institution. Take advantage of the cloud for an easy platform to securely socialize bank transactions, reconcile statements to bank transactions, and reconcile balances. Create smarter, more streamlined processes for minimal cash leakage, maximizing cash reserves for the future.
Use secure, role-based dashboards to review automated aggregation of disbursements, payroll, receivables, donations, investments, and borrowing. View highlighted differences and variances to plan, such as the number of unreconciled statements.
Daily interfaces with banks featuring an automatic comparison of records, automatic adjustment of fees, and minor differences. Align daily balances.
Execute institution-wide cash management. Optimize balances across accounts using zero-balance schemes or other methods. Review real-time data on bank positions.
Automate month-end statement reconciliation. Optimize the balance sheet with automatic updates to forecasts and plans.