Treasurers play a critical role in healthcare companies by managing liquidity and influencing financial health. But how often is their expertise underutilized due to limited collaboration between departments? Healthcare treasurers report that there are significant barriers that prevent them from fully contributing to strategic decisions. The consequences? Reduced cash flow predictability and missed opportunities for financial optimization.
The newest PYMNTS Intelligence report,”The impact of misunderstood health care treasurers”, a collaboration with CitiResearch shows that only 56% of healthcare treasurers claim substantial influence over their company’s decisions, which is among the lowest of any industry. Furthermore, only 32% of department heads clearly understand the role of the treasurer. This lack of knowledge and limited strategic involvement limits treasurers’ impact and hinders financial stability and growth across the company.
Here’s what the November report reveals about the barriers healthcare treasurers face:
- Influence gap: Find out why healthcare treasurers report some of the lowest levels of influence compared to colleagues in other industries.
- Understanding the shortage: Learn how limited awareness of the role of treasurers among healthcare leaders is curtailing strategic potential.
- Main challenges: Learn about the barriers treasurers face, such as inaccessible leadership and inadequate collaboration.
- Strategic opportunities: Discover how greater treasurer involvement can increase cash flow predictability and financial resilience.
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The impact of misunderstood health care treasurers
For financial and healthcare executives, this report provides valuable insights into optimizing treasury functions and business results. “The Impact of Misunderstood Treasurers in Healthcare” offers data-driven strategies and actionable solutions. Get your copy today.
About the report
“The impact of misunderstood health care treasurers,”A PYMNTS Intelligence And Citi collaboration, unfolds how healthcare companies can overcome barriers to treasurer engagement and leverage their expertise to drive financial performance and stability. This report is based on a survey conducted between April 9 and May 28. Our sample includes 100 treasurers and department heads from healthcare, finance, strategy and operations. It provides a detailed examination of the barriers that limit treasurers’ involvement. This edition explores how the healthcare treasurers’ influence gap impacts cash flow predictability and broader financial results.