Keep your organization in good health with Sage healthcare accounting software

Business management and accounting software for healthcare companies is software that helps healthcare organizations manage their finances, operations, and other aspects of their business with better control. It can help streamline processes, reduce costs, and improve accuracy and efficiency. The business management and accounting software for healthcare will typically includes features such as invoicing, billing, payroll, and inventory management, as well as reporting and analytics capabilities. It should also be HIPAA-compliant to securely safeguard patient data.

Your business needs healthcare business management and accounting software to automate and streamline accounting processes, eliminate the human errors associated with manual data entry, keep track of financials, get a real-time, complete view of the true financial health of your business, and stay agile and modern in the digital age. Accounting software can help businesses easily track their accounts and expenses, prepare for tax season, and automate basic accounting processes.

A cloud-based accounting software can help your hospital, clinic, or other healthcare organization be more efficient. Cloud accounting software makes it easier to consolidate data across multiple locations. Owners and employees can access the system anywhere, any time, eliminating the costs of having separate IT systems for various locations.

Yes, Sage products are HIPAA compliant. Sage People global cloud HR software has built-in HIPAA safeguards and protocol and Sage Intacct cloud finance management for healthcare software is a HIPAA compliant accounting software.

These are some of the biggest differences our healthcare customers notice when switching to Sage Intacct from QuickBooks:

• Anytime, anywhere business visibility: Real-time visibility into metrics is essential for faster financial decisions. QuickBooks offers canned reports—and no dashboards—so your visibility is limited, and you’re often forced to make decisions based on outdated information.
• Increased productivity: Automation and workflows allow you to streamline processes to save time and reduce errors. And many healthcare organizations naturally and gradually develop sophisticated accounting requirements (such as multi-entity consolidation). If QuickBooks is the financial foundation, that often means cumbersome workarounds because QuickBooks doesn't provide built-in capabilities for these complex processes, leaving users over-reliant on spreadsheets and manual data entry and re-entry.
• Scalability: As your organization grows, you need an accounting system that can grow with you. Sage Intacct provides a scalable architecture that allows for an increase in transaction volume and the ability to easily add new entities, a multi-ledger system, and robust financial controls to ensure compliance and auditability. Despite its popularity as a business application for small businesses, QuickBooks simply wasn’t designed for growing organizations that need advanced functionality to manage sophisticated processes.

When choosing the best healthcare accounting software solution, it is important to consider factors such as the overall features, integration capabilities and customization options, as well as if it is HIPAA-compliant.