JTS' FinTech service line optimizes healthcare systems’, hospitals’ and physician practices’ cash flow and liquidity. This new offering leverages JTS’ core competencies, capabilities and proprietary nCREAS™ Analytics as a Service technology to help providers better manage their cash flow.
JTS’ nCREAS™ | FinTech solution applies predictive analytical tools and services to address the following:
- Maximize Cash Flow & Working Capital
- Enhance Liquidity & Loan Service Coverage Ratios
- Strengthen Balance Sheet & Informed Decisions
nCREAS™ = Cash Flow + Liquidity Improvements
To enable insightful financial decisions for CFOs and other administrative decision makers, this initiative utilizes nCREAS’ comprehensive financial health rating based on real time accounts receivable (A/R) valuation and metric-based data. nCREAS evaluates A/R data in a wholistic and timely fashion to enable better, smarter and faster decisions.
Working Capital Financing
Bankers are often uncomfortable with the unique aspects of the healthcare industry's accounts receivables, including reimbursement rates and longer payment cycles. These issues present barriers to accessing the working capital needed for providers to be successful.
Anticipate Liquidity Needs
For many hospitals, 75% of the work that goes into analyzing cash and liquidity is manual and time consuming - compiling source data and reviewing Excel models. Now you can proactively anticipate liquidity and funding needs with Hospital Liquidity Planning powered by nCREAS.
Healthcare providers require enhanced cash flow to accommodate the significant growth opportunities and challenges they currently face. Whether it is adding staff to meet demand, offering new products and services to improve the patient experience, expanding the bottom line, or simply being able to deal with fluctuation in reimbursement, the consistency of cash flow and access to capital remains critically important.