PYMNTS.com November 22, 2024
Treasurers play a vital role in healthcare firms by managing liquidity and influencing financial health. But how often is their expertise underutilized due to limited interdepartmental collaboration? Healthcare treasurers report significant barriers preventing them from fully contributing to strategic decisions. The consequences? Reduced cash flow predictability and missed opportunities for financial optimization.
The latest PYMNTS Intelligence report, “The Impact of Misunderstood Treasurers in Healthcare,” a collaboration with Citi, shows that only 56% of healthcare treasurers claim substantial influence in their firms’ decisions, ranking among the lowest across sectors. Furthermore, just 32% of department heads understand the treasurer’s role well. This lack of knowledge and limited strategic involvement restricts treasurers’ impact, impeding companywide financial stability and growth.
Here’s what the November...
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