Challenge: Maximizing Returns on Working Capital
Historically healthcare providers have struggled to maximize returns on or unlock their Working Capital even though they operate in a high cash volume market where most of their suppliers’ DSOs are greater than 45 days. This is attributed to a variety of reasons:
- A lack of an overall strategy due to different groups of the business having different priorities and initiatives.
- An organization has adopted a single payment solution, typically from their banking partner, that most suppliers will not adopt limiting a majority of their spend from the equation.
- In some instances, organizations are just not aware of all the available options on the market, their benefits or how they might fit in an overall Payment Optimization program.
Solution/Case Study: We have assisted several clients develop Payment Optimization strategies to overcome roadblocks and accomplish their goals for Working Capital. Our approach is to foster alignment between Finance, Treasury and Supply Chain to develop a strategy and then evaluate, select and implement the appropriate policies and solutions to attain the targeted goals.Â
 Results: Alll of our clients within the first year of implementation have seen the following benefits:
- Returns of 6 figures with most increasing to 7 figure in subsequent years.Â
- Working Capital unlocked for other investment and growth opportunities.
- Increased digital payments leading to lower payment costs and DSOs for suppliers.
- All while reducing payment fraud and duplicate payments.
Learn More and Discover your ROI Opportunity
If you would like to learn more on how we can help you build a Payment Optimization Strategy that increases your Returns on Working Capital and reduces both payment costs and fraud, please click on the link below and complete the ROI Assessment form. We will provide you with your estimated opportunity!
Calculate your ROI Potential