View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
Sponsored by Sage Intacct

Consolidations for Multi-Entity Healthcare Organisations

White Paper

Consolidations for Multi-Entity Healthcare Organisations

By Sage Intacct

Consolidations for Multi-Entity Healthcare Organisations

By Sage Intacct
Enter your details to receive the free white paper:

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.

Consolidations–grouping together all related organisations under a single parent company’s control–is an essential requirement to create a single “operational” view of the entire organisation. Whether it’s a multi-practice clinic, a group of long-term-care providers, a network of hospitals, or a chain of imaging centres, stakeholders want and need to understand various lines and businesses, allocate capital and fund the organisation. Consolidation eliminates all inter-group activities and balances to report transactions with external third parties as if the entire group of companies was operating as a single entity.

Different legal entities (clinics, diagnostic centres, medical labs, and practices) are created by a parent company for a range of reasons and purposes. Some are legally driven to limit liability exposure, while others are created to optimise the tax profile or through strategically driven initiatives like mergers, and acquisitions.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.