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News 10/9/20
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As Hospital Revenue Continues to Drop and Expenses Rise, Advanced Cost Accounting Becomes More Critical
As the COVID-19 pandemic stretches on, Finance teams in hospitals and health systems continue to face unprecedented waves of challenges. Hit hard by low volumes, high per-patient costs, and rising revenues, it’s difficult to manage and anticipate costs today — and even more daunting to prepare for what’s around the corner.
Prevea Health Selects Syntellis as Financial Planning Partner to Navigate COVID-19 Market Volatility
CHICAGO – October 6, 2020 – Prevea Health announced plans today to adopt Syntellis Performance Solutions’ award-winning Axiom software platform for financial planning and analysis (FP&A) to improve forecasting, capital planning and annual budgeting. Prevea Health, which provides high-quality, primary and specialty healthcare at more than 80 locations across Wisconsin in clinics and hospitals, plans to use its new Axiom capabilities to establish both agility and increased financial certainty during and following the COVID-19 pandemic.