What are Shared Services in Healthcare?

Shared services in healthcare refer to centralized units or departments within healthcare organizations that provide common support functions to multiple facilities or departments. These services can include functions such as human resources, finance, supply chain management, and IT, aimed at achieving efficiency, standardization, and cost savings across the organization. By consolidating these services, healthcare providers can optimize resource utilization, streamline processes, and improve overall operational performance, ultimately enhancing patient care delivery and organizational effectiveness.

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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Enterprise Receivables Management System to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.

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