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5 Unique Challenges of Managing Healthcare Spend
1reports1reporting sources2022-06-29Update
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Healthcare organizations have distinct expense management needs that generic software may not meet, potentially affecting cost control and fiduciary responsibility.
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6月29日
- SAP Concur Blog5 Unique Challenges of Managing Healthcare Spend
The SAP Concur blog analyzes five differences in healthcare travel and expense management: less frequent but longer air travel, higher mileage expenses, a non-mandate culture, amplified fiduciary responsibility, and complex not-for-profit or religious affiliation rules. It cites a survey showing an average of 45% of hotel bookings are direct bookings and 64% of customers say physicians exceed budgets annually. These factors make expense visibility and compliance especially difficult for healthcare organizations.