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Medical Practice Financial Software Enables Growth

Written by Adrian Montgomery on 16 Oct, 2019
Medical Practice Accounting Software

Scale Business Growth with Medical Practice Financial Software

Growing your organization with the right medical practice financial software can help you overcome the challenges of your existing on-premise antiquated software and manual processes. It's possible to strategically prepare for new growth and to scale up quickly without adding new finance headcount with Sage Intacct.

If your healthcare organization is experiencing organic growth or strategic consolidations and acquisitions, you'll need visibility across the organization. Successful healthcare organizations have learned that implementing cloud financial management enabled faster and better scaling of financial operations, which enabled them to avoid adding headcount.

Medical Practice Financial Software

On-demand visibility in one system

Ah yes, the elusive single source of truth. When you’re using processes and software that are cobbled together, you're losing out on important insights. With Sage Intacct, healthcare companies can trust their data:

  • Clearly see financial impact including revenue and expenses by entity.
  • Using advanced drill-down capabilities, you and your auditors can see the transactions underlying the data for full transparency.

Actionable insights from multi-dimensional reporting

Manage financials for multiple entities at any altitude you need. Sage Intacct makes it easy for you with its multi-dimensional general ledger, real-time dashboards for the bigger picture, and detailed reports to track key metrics. Now, it’s easier to see opportunities for your company to leverage or spot negative trends to remediate using Intacct healthcare accounting software.

Customizable to meet your specific needs

You no longer have to be at the whim of what yor software is or isn't capable of doing. With cloud financial management software, you can modify the system to match to your unique needs. Enjoy true flexibility with Intacct so you can see your reports your way or analyze your financial data using key operational metrics that matter to you most, such as cost per patient per day, cost per location or service, etc.

Automate Consolidations and Accounts Payable

Create automated workflows for payment processing, invoice/purchase order routing and approvals. Then, consolidate your multiple entities or currencies instantly, saving you countless hours by reducing or eliminating tedious and error-prone entity or currency consolidations that span endless spreadsheets no doubt.

No IT required to connect to your existing business systems

Sage Intacct is designed to integrate easily with any applications you already have in place or plan to add in the future. You can stop importing or entering information from other systems you already use and trust.  Using pre-built connectors, even a non-technical person can connect Sage Intacct to popular platforms like Salesforce CRM, proprietary systems, practice management or patient billing software, HRMS, and Payroll.

Built for growth

Your needs and processes will only become more complex as you grow. Intacct healthcare accounting is built on multi-entity architecture that will support your future by automating processes. Easily add users, customers, locations, and transactions with technology infrastructure that scales seamlessly, without requiring additional IT or Accounting staff.

Successful healthcare companies just like yours have shortened their monthly close (in some cases, from one month to one week,) saved hundreds of hours a year on manual consolidations, and typically avoided hiring up to 2 additional employees after implementing Sage Intacct. Get ahead of your company’s growth rather than reacting to it with the only HIPAA-certified cloud accounting software, Sage Intacct.

Contact Equation Technologies to learn how Sage Intacct helps streamline business processes.

Another version of this blog was posted on June 7, 2019 - Growing Healthcare Companies Turn to Cloud Financial Management

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