Treasurers play a critical role in healthcare companies by managing liquidity and influencing financial health. But how often is their expertise underutilized because of limited collaboration between departments? They report that there are significant barriers. What's the result? Cash flow becomes less predictable and financial optimization opportunities are missed.
Only 56% of healthcare finance executives claim to have significant influence over decisions in their companies, according to a new PYMNTS Intelligence report, “The Impact of Misunderstood Finance Professionals in Healthcare,” a collaboration with Citi. This is shown to be among the lowest in all fields. Furthermore, only 32% of department heads have a good understanding of the treasurer's role. This lack of knowledge and limited strategic engagement limits the influence of treasurers and hinders financial stability and growth across the company.
Our November report reveals the following barriers facing healthcare accountants:
Influence Gap: Find out why healthcare accountants report the lowest levels of influence compared to their peers in other sectors. Understanding the deficit: Explore how limited awareness of the treasurer's role among healthcare leaders limits strategic possibilities. Key challenges: Learn about the barriers faced by treasurers, including inaccessible leadership and inadequate collaboration. Strategic Opportunity: See how increasing treasurer engagement can improve cash flow predictability and financial resilience.
Download the report The impact of misunderstood financial executives on the healthcare sector
This report provides healthcare finance leaders and executives with valuable insights on optimizing finance functions and business outcomes. “The Impact of Misunderstood Finance Professionals in Healthcare” provides data-driven strategies and practical solutions. Get your copy now.
About the report
The PYMNTS Intelligence and Citi joint study, “The Impact of Misunderstood Treasurers in Healthcare,” helps healthcare companies overcome barriers to treasurer engagement and leverage their expertise to improve financial performance and stability. We are clarifying how to proceed. This report is based on research conducted from April 9th to May 28th. Our sample included 100 finance, strategy, and operations department heads and healthcare accountants. This provides an in-depth look at the barriers that limit treasurer engagement. In this edition, we explore how the healthcare accountant influence gap impacts cash flow predictability and broader financial outcomes.
