Strategic Revenue Initiatives & Sponsored Invoicing (VCHS SRI) is part of the Controller’s Office of the Vice Chancellor Health Sciences (VCHS) and assists with accounts receivable solutions to university departments who bill external organizations for sales of goods and services, sponsored programs and contractual billings. External customers include individuals, corporations, foundations, state and federal agencies, or other groups outside of the university. VCHS SRI does not assist with interdepartmental, student or patient billing and collection. The Office of Post Award Financial Services also handles invoices for Health Sciences departments for many types of agreements.
We partner actively with internal customers to provide innovative and sustainable Accounts Receivable solutions using best practices available for billing and collection. We are committed to provide accurate billing and collection to university customers and constituents while complying with university, state, and federal policies and regulations.
What we provide...
Accounts Receivable Services | Centralized billing services for Health Sciences Service Agreements (i.e. lab, clinical, consulting, teaching, etc.) and Industry-sponsored Clinical Trials.
Accounts Receivable Tool Implementation | Partner with university departments to meet their accounts receivable and collection management needs by providing innovative solutions and best practices.
These services allow many departments across campus to manage their receivables more effectively and efficiently. This process allows a centralized approach and central point of contact for our valued customers. Our approach will be realized through our core values.
- Continuous Improvement
Benefits of our services
- Invoice visibility and tracking
- Automated billing and receivables follow-up
- Consistent payment process
- Increased cash flow
- Enhanced internal control of A/R assets
- Serve as a central point of contact for A/R and collection matters for external customers