Financial Consolidations for Multi-Entity Healthcare Organisations

In virtually any healthcare organisation, corporate accounting is the custodian and curator of financial data to monitor and manage the organisation and drive it forward to new levels of success. But as any controller or CFO of a multi-entity healthcare organisation can tell you, financial consolidations remain one of the key hurdles. The time-intensive nature of information assembly, validation, and reporting for many accounting groups can sometimes be measured in weeks–rarely just days. This whitepaper explains the importance of consolidations in grouping together all related organisations under a single parent company’s control as an essential requirement to create a single “operational” view of the entire organisation.