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Belgian hospitals face significant financial challenges.Sector-wide or hospital-specific, the difference must be made through navigating complex regulations, optimizing operational efficiency, ensuring sustainable growth, maintaining a structurally sound balance sheet, and engaging all stakeholders in the financial story for the future.

Regarding these financial challenges, Hict provides tailored solutions to healthcare organizations through the following services:

  1. Financial modeling of strategic and operational plans, and scenario analysis
  2. Analysis and optimization of financial arrangements between doctors and hospitals
  3. Financial audits
  4. Preparation of bank files
  5. Interim CFO services

Hict combines extensive expertise in healthcare projects, strategic planning, and financial analysis to support you in integrated decision-making. Thanks to our in-depth knowledge of the sector, we deliver concrete insights, tangible results, and validated options.

Read on to discover how we can help make your hospital financially robust.

Financial Services Hict EN

Financial modeling of strategic and operational plans, and scenario analysis

We develop comprehensive and fully integrated financial plans and perform scenario analyses that are fully aligned with the reality, needs, and context of your organization. The decisive key figures are presented clearly in dashboards. These plans and analyses provide essential input for:

  • Financial feasibility studies in the context of new construction projects, renovations, refurbishments, and large-scale operational changes.
  • Evaluation of investment options to arrive at the best possible financial structures.
  • Discussions about operational efficiency.
  • Exploring opportunities for collaborations or mergers between hospitals.
  • Facilitating discussions between management and physicians about sustainable financial agreements.

Analysis of financial arrangements between doctors and hospitals and facilitating discussions with the Medical Council

We analyze financial agreements between doctors and hospitals, as well as the accounting flows between them, to ensure synchronization. Accuracy and transparency foster trust among organizational stakeholders.

Hict facilitates structured financial discussions between the medical council and management to align objectives and clarify financial implications.

As an independent and experienced party, we help achieve sustainable balances between medical priorities and financial realities, considering contextual challenges, limitations, and uncertainties. We organize and guide discussions, provide data-driven insights, and address key topics such as budget allocation and resource utilization, leading to better-informed and collaborative decision-making. On this topic, Hict already connects 10% of hospital CFOs today.

  • Analysis of financial arrangements to correctly document financial flows and vice versa.
  • Promotion of transparent and fair agreements.
  • Benchmarking of services to expand best practices.
  • Comparison of hospital performance on key financial indicators.
  • Discussions between the medical council and management regarding finances.
  • Alignment of objectives and clarification of financial implications.
  • Data-driven insights for budget allocation, innovation, and resource utilization.

Financial audits

During a financial audit, we delve deeply into the details of your accounting. Using a dataset built from your ERP system, we provide accurate insights into actual operational performance. We achieve this by:

  • Separating non-recurring elements from recurring results
  • Matching revenues and expenses to the correct financial years
  • Consistently applying allocation keys for general costs and revenues

In this way, we "restate" your accounts where necessary to optimize the quality of management reporting and, consequently, decision-making.

With the findings, we go a step further. We provide concrete recommendations to optimize accounting processes and methods. These can lead to greater efficiency within accounting, more consistent financial reporting, and increased transparency at the decision-making level. Through this approach, Hict supports you in making strategic and well-founded decisions.

  • Separation of non-recurring items, independent of their accounting treatment.
  • Clear and reliable view of the financial situation.
  • Optimization of accounting processes and methods.
  • Consistent and accurate financial reporting.
  • Support for strategic and well-founded decisions.

Preparation of banking dossiers

Depending on your needs, we assist with or take the lead in preparing bank files related to the financing of your strategic or operational projects. Securing favorable financing terms, and above all, obtaining financing itself, is essential to ensuring the continued provision of high-quality healthcare.

Based on your existing financial structure and future financial plan, we model options for a future financial structure, which serve as the foundation for a credit file.

We can also add value by leading or facilitating interactions with banks. We advocate for your file within our network of the most relevant banks.

  • Modeling an optimal financial structure.
  • Preparing bank files tailored to specific needs.
  • Support during negotiations with banks.
  • Proven track record with the most relevant banks in Belgium.

CFO ad interim

In the absence of your CFO, Hict offers interim CFO services to ensure continuity in financial leadership. We provide strategic and operational financial leadership and maintain the stable functioning of your financial processes. Even within a temporary assignment, we develop and implement long-term strategies to keep your organization on track. These interim assignments are available for periods ranging from 3 months to 2 years.

  • Leadership over the organization during transition phases.
  • Strategic financial guidance to ensure continuity.
  • Stable operation of financial processes.
  • Development and implementation of long-term strategies.

Choose Hict

As your trusted partner with a proven track record in healthcare and finance.

We combine strategic vision with operational expertise to help you overcome challenges and seize opportunities. Together, we can achieve sustainable growth and operational excellence.

  • Proven expertise in healthcare and finance.
  • 100% focus on healthcare.
  • Combination of strategic vision and operational knowledge.
  • Experience in multi-stakeholder project management.
  • Solutions for challenges and opportunities.

Focus on sustainable growth and operational excellence

Pieter Vanleenhove
CONTACT PIETER VANLEENHOVE

Senior Manager

Would you like more information or do you wish to work with Hict, contact Pieter via e-mail: pieter.vanleenhove@hict.be.

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