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Transforming Healthcare for Treasury

Digitizing the Office of the CFO for Healthcare

The world of treasury is at an inflection point. Legacy and install systems get the job done, but do they give you the strategic advantage?

The need for streamlined treasury operations, especially in healthcare, has never been greater.

The healthcare treasury scenario is grounded in operations and rebalancing the volume-revenue-expense equation. Managing your cash and balances can be manual and time-consuming. More than often, it will heighten the possibility for errors. With this in mind, having a proper liquidity strategy for managing your data is crucial to the lifeblood of your business

And that’s where we can help. We know how delicate and complex the process of managing global finances is. With Treasury and Risk Management Solutions (TRMS), treasury and finance teams can work smarter, not harder, to make informed business decisions.

We help our Healthcare clients with:

GTreasury believes there is opportunity in complexity. By simplifying complexity, teams can unleash their organization’s potential to gain strategic advantages and grow. At GTreasury we give you the tools to unify all your data, empowering you with the insight to drive bottom-line growth.

We’d love to chat more to learn how GTreasury can help with your specific treasury needs. Fill in the form to book time with one of our Healthcare Treasury Experts.

Let’s transform treasury together. 

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Adapting to Cyber Risks: How Healthcare CFOs Can Protect Liquidity

Cyberattacks on the healthcare industry are impacting up to $100M a day in cash flow. The most recent attack on Change Healthcare, a critical player in healthcare financial systems, was forced to take its systems offline due to the cyberattack. As a result, providers faced delays in processing claims for payment, which significantly impacted cash flows. This also puts CFOs in an untenable position and their companies at risk of liquidity shortages, missed payments, overdrafts, and an over-reliance on costly short-term debt to fill liquidity gaps. However, a Treasury Management System (TMS) can help you prepare and navigate such external disruptions.

healthcare treasury management

GTreasury’s Treasury Management platform, the most comprehensive in the industry, automates connectivity with critical operational data from banks and ERPs to gain a comprehensive view of your cash, payments, debt, derivatives, investments, and exposures. This visibility enables CFOs to forecast and scenario plan for operational disruptions and confidently navigate them when they occur.

What healthcare CFOs gain from adopting GTreasury: 

  • Centralized, full cash visibility from banks and ERPs using GTreasury’s ClearConnect connectivity suite. 
  • Immediately compile current cash positions and payment flows to forecast and act on current and “what-if scenarios.” 
  • The most comprehensive, all-in-one Treasury Management platform on the market; spanning cash, payments, netting, exposures, debt, investments, derivatives, audit, hedge accounting and reporting.  
  • Over 30 years of experience serving hundreds of clients’ mission-critical financial and operational needs. 

Whether you are currently dealing with operational impacts due to recent cyber-attacks or want to better prepare yourself for future resilience, GTreasury’s team is here to help you confidently navigate an uncertain future.  


Are Your Treasury & Accounting Teams Disconnected?

Treasurers are tasked with protecting the gain/loss line as well as foreign revenue, expenses and/or margins. So, it’s not unusual for Treasury departments to want to implement a foreign currency hedge program.

A balance sheet hedge program is usually the first hedge program Treasury will implement. There’s a lot to consider on the risk management side of this hedge strategy, but the accounting treatment of the derivatives is quite clear cut – fair value the derivative and record the offset to income each period.

8 Risks of Spreadsheets in Treasury & How a TMS Can Help

In the late 1990s and into the early 2000s, the spreadsheet was the treasury and accounting tool of choice. Computer programs were still relatively primitive, and the smart phone had not yet arrived. Business professionals leaned heavily on spreadsheets due to their flexibility, powerful set of available formulas and relative ease of use.

But the business climate has changed since then. Sarbanes-Oxley Section 404 was introduced following Worldcom and Enron scandals. Cloud based computing has replaced the in-house server, and software-as-a-service (SaaS) has taken the torch from client server based applications and spreadsheets.