In 2020, Texican in partnership with its client was able to achieve something remarkable in the industry that most hospital financial executives could only hope for during the COVID-19 pandemic – growth in net cash. Even with significant declines in charges, there were no layoffs or need for additional debt to bolster cash reserves. This is in stark contrast to the industry that saw a decline in operating margins of 55.6%. #1
|COVID Impacts||Texican Client||Health Sistem
(#2 & #3)
|Cash Flow Hit|
Texican Inc. specializes in achieving positive cash results through revenue cycle operations transformation. Established in 1991, we have been focused on delivering sustainable cash flow and operational improvement year over year. We have produced an equivalent average of an extra month of cash collections per engagement. As well as develop the performance metrics to continue the trend. Based on our experience clients achieve incremental cash improvement of $12 for every $1 spent on the engagement. For more information, please contact Juliana Costa, at Juliana_Costa@texicaninc.com or at 850-225-9376.
# 1 Kaufman Hall study
# 2 May 2020 AHA article “Hospitals and Health Systems Face Unprecedented Financial Pressures Due to COVID-19” #3 July 2020 AHA article “New AHA Report Finds Losses Deepen for Hospitals and Health Systems Due to COVID-19).