The healthcare industry in the United States is rapidly transforming by adopting advanced technologies to improve patient care and navigate increasing complexities. To keep pace, the industry’s finance and accounting teams must innovate as well. Many financial processes in this sector are still being manually completed, and it’s putting financial stability for these companies at risk. These outdated systems are impacting the country’s healthcare administrative efficiency and it’s being reflected in national rankings. The latest Commonwealth Fund report ranks the U.S. healthcare administrative efficiency ninth out of 10 high-income nations, only ahead of Switzerland. By modernizing and transforming financial processes in the healthcare sector, the industry can be well-equipped to improve

See Full Page