Healthcare organizations have all the same financial pressures as other businesses, but they also face unique challenges and complexities in compliance, security, and other areas.
To meet these challenges, organizations require modern financial management software that caters to their unique needs.
Of the many options available, Sage Intacct—the cloud-based, best-in-class financial management and accounting software solution—stands out as the ideal choice with its advanced features, scalability, and industry-specific capabilities. Let’s look at five of the many reasons why.
Compliance and security
Sage Intacct is the only healthcare accounting software solution endorsed by the AICPA (the professional organization for CPAs) and Healthcare Financial Management Association Peer Reviewed. The software’s security safeguards have also been certified as HIPAA- and HITECH-compliant by Avertium (formerly Sword & Shield).
Sage Intacct seamlessly integrates with healthcare-specific solutions such as electronic health record (EHR) systems, patient billing systems, and supply chain management software. This integration enables smooth, secure data flow across systems, eliminating manual data entry and reducing the chance of errors.
With Sage Intacct, multi-location or multi-entity healthcare organizations can use a shared chart of accounts, perform instant and continuous consolidations, centralize payables, and eliminate manual processes for payments and intercompany accounting.
Through intuitive dashboards and reports, Sage Intacct provides real-time access to key metrics such as profitability per location, treatment, CPT code, or physician. Dashboards and interactive reports enable stakeholders to access the information they need, when they need it, facilitating strategic planning and enhancing financial transparency.
Enhanced operational efficiency
Sage Intacct automates time-consuming processes such as accounts payable and receivable, expense management, and revenue recognition, so organizations can focus on delivering quality patient care instead of getting bogged down by administrative tasks. The increased efficiency translates into cost savings, improved cash flow, and enhanced overall productivity.
Ease of use
Sage Intacct is rated by G2 as the top accounting software product in customer satisfaction, due in part to how easy the software is to learn and use, as well as the benefits it delivers. Research consistently shows that organizations that employ Sage Intacct increase productivity, reduce AP processing time, and shorten monthly closes.
Choose the right solution for your nonprofit
Sage Intacct offers healthcare organizations a comprehensive financial management solution that addresses their unique challenges. The experienced professionals at ACI Consulting can help you with software implementations and integrations to help your organization improve its operational and financial performance. Contact us to learn more about our team and the services and solutions we offer.