For growing healthcare organizations, the complexity of financial management across multiple locations can quickly escalate into a resource-consuming matter of financial logistics.
In addition, multiple locations can mean contending with decentralized payments, inter-entity transactions and possibly different currencies. Healthcare financial managers with multiple locations need a single financial management system that can help them close their books more efficiently while remaining HIPAA compliant. They also need an affordable system that provides easy accessibility and real-time visibility.
Sage Intacct cloud accounting software provides simplified data entry with improved visibility. By shifting to a cloud-based system like Sage Intacct, anyone, anywhere in an organization can input and access data in a timely manner. If you're a nonprofit, even volunteers can be given a login to enter their time and expense information.
Billing and collections can be accelerated – whether that revenue comes from sales, events or dues – thanks to the solution's automated revenue management and recognition capabilities.
Because Sage Intacct offers a multi-dimensional, multi-ledger system, data can be entered and reviewed so that it is aligned with how the organization is managed – by location, practice area, physician, patient, etc. – using real-time performance analysis. The Sage Intacct dashboard not only reduces reviews to a minimal number of clicks, it also allows for the customization of reports to the sophistication needs of whomever needs to see them, from board members to physicians. The result is improved visibility into the true cost of each action the organization takes at an individual level and as an entity.
Sage Intacct provides seamless integration with more than 30 commonly used systems from Salesforce and Avectra to systems like Fellowship Technologies. With open web services, it's also easy to connect to other cloud-based applications an organization may use or eventually want to add.
Sage Intacct allows you to set up your accounting method as "Accrual" or "Accrual and Cash." The latter provides both accrual-based and cash-based financial reports, and is a radio button option on the General Ledger Configuration screen for easy selection.
To find out how to redirect your organization's resources toward serving its core mission, rather than merely accounting for it, contact us.