Operational Financial Management in Healthcare

Operational and Financial Management for Healthcare Organizations – Aristotle ConsultancyHealthcare is the diagnosis, treatment and prevention of various illnesses, injuries and impairments of mental and physical health in human beings. Healthcare is provided by professionals in medicine, psychology, physiotherapy and allied health terminology.

India is at the crossroads of a growing yet challenging period of healthcare. The central government of India has given priority to healthcare and is making sufficient investments in this field. With this, business of healthcare has also curved a new phase. Young and rousing entrepreneurs are getting along this field. Healthcare has become a rising platform for business. Customers are now more relaxed with the evolution of healthcare facilities. Companies dealing in healthcare compete among each other to provide their best services to the customers in an affordable and accessible manner. In this huddle to be the best, they often forget operational finance management which is critical for survival and growth of any business. Operational finance refers to day-to-day financial activities required to run a business. It includes revenue and expense reports, cash flows, compliances, fund management, profit and loss statements etc.

Low cash reserves or outstanding expenses may prove to be big hassle in the growth of healthcare business. Also, mismanagement of day-to-day book keeping creates a gap in the management process. Improper operational finance management may lead to additional cost and loss of cash reserves. Maintaining a flawless framework of financial management requires expertise and capabilities in the financial domains. Businesses providing healthcare services are often short of accounting and financial based knowledge. Hence, outsourcing these services may prove to be advantageous for them.

Aristotle Consultancy understands the need of a sound operational finance management. With great expertise and capabilities, we hereby provide our clients various services in the financial domains. We offer not only accurate and timely day-to-day book keeping but also varied services such as payroll, budgeting, planning, advisory, secretarial etc. We make sure to offer and review regular finance performance and analysis on cost and profitability to support decision making and provide advice from our expert financial advisors at a fraction of cost. We support businesses grow and survive in this competitive business environment.

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