Triumph Healthcare Finance President Jennifer Sheasgreen was featured in The Secured Lender, a publication devoted exclusively to the asset-based financial services and factoring industries. Sheasgreen contributed to a column titled, “What Keeps You Up at Night?” — a column that asks industry executives what is the one thing keeping them up at night right now … and how they plan to assuage this worry.
The following is the excerpt by Sheasgreen:
What keeps me up at night is making sure that the cash that goes out, comes back in. We are a prudent lender. We monitor our risks, we assess credit quality and collateral, we keep abreast of changes within the healthcare industry, and we continually strive to improve upon our processes to ensure we are maintaining cash dominion and structure transactions in a way to appropriately mitigate our risks. We developed a “Red Flag Roadmap” system that is at the core of our operations group. It’s a tool to help our relationship managers identify and assess potential risks and to be able to determine if a potential red flag is a bump in the road or a downward spiral. The framework gives our team the guidance to consider when identifying immediate steps and action plans, which include appropriate escalation. As a growing division, I find that these control points are increasingly important so that the entire team is on board with how we should be viewing our credits and we can all sleep well at night.
To view the entire column, click here.
To view the entire publication, click here.
Posted in Triumph Healthcare Finance