Case Study: Prospect Medical Holdings streamlines cash management and reporting with Cliq

Prospect Medical Holdings streamlines operations across 215+ locations with Cliq

Prospect Medical Holdings, a healthcare services company, faced significant business challenges due to complexity from multiple acquisitions and disparate financial systems across its 215+ locations. This led to hours of tedious manual work to reconcile over $100 million in transactions. They partnered with fintech vendor Cliq to address these payment processing and cash management issues.

Cliq implemented a tailored technology solution that acted as a middleman between IT and finance, synthesizing data from multiple sources for accurate, real-time reporting. This system from Cliq significantly reduced administrative costs, provided once-daily cash sweeps, and offered superior tools to track cash and monitor payments, which helped drive further growth for Prospect.

Prospect Medical Holdings