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Sage Intacct HIPAA-compliant healthcare accounting software

The only healthcare accounting software endorsed by the AICPA and Healthcare Financial Management Association Peer Reviewed.

Outcomes Patients per Practice Area Services Task Forces Special Projects Safe Communities 0 Fundrasing Mngmt & General Safe Communities Services Special Projects Task Forces $60,000 $120,000 $180,000 $240,000 $300,000 Revenue Sources As of today All locations 0 600 1,200 1,800 2,400 +300 vs. prior year +500 change vs. prior year +3 vs. prior year +1,427 vs. prior year No. Patients Served 7,791 No. of Office Visits 8,121 No. of Clinicians 14 Revenue per Clinician $23,160

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Brookfield Asset Management

Powerful, automated healthcare accounting features

Manage every aspect of your healthcare financials with powerful core accounting features in Sage Intacct: a dimensional general ledger, accounts payable, accounts receivable, cash management, order management, purchasing, and Sage Intacct Collaborate to communicate with your team in real-time.
Vancouver Montreal New York London Net income by Location Revenue by item 100k 80k 90,935.00 0.00 90,035.50 (90,108.00) 0.00 (4,586.00) 20,586.00 0.00 Cash Flow Detail by Entity Vancouver 03/06/2022 Montreal 03/06/2022 Operations Net income Item not requiring cash - Current Period Total Operations for Cash Flow Changes in Cash from Operating Activities Accounts Receivable Inventory Other Assets Accounts Payable Other Current Liabilities 178,075.00 0.00 178,075.00 (193,000.00) 0.00 4,589.00 13,905.00 0.00 Daily View As of today All locations CFO Cash and Cash Equivalent $14,775K +147,923 vs. prior month Revenue $224,407 +49,934 vs. prior month Net Income $131,788 +39,840 vs. prior month Expenses $20,524 -8,000 vs. prior month
Turn data into insights and reach peak performance with rich, flexible, and accurate financial reports and customizable dashboards. Gain real-time visibility into every metric and KPI that matters, like profitability per location, treatment, CPT code, or physician.
Income Statement AP Analysis Customer Aging Maine Florida California Texas Revenue by Entity Controller Dashboard Cash on Hand $5,086,913 Revenue YTD $1,015,540 Cost of Sales $32,868 Gross Profit $982,671 Net Income YTD $815,481
Easily integrate with best-in-class solutions or create unique solutions perfect for your individual needs at speed with built-in tools.
Sage Intacct Advanced Audit Trail ensures our security safeguards have been certified as HIPAA- and HITECH-compliant by Avertium (formerly Sword & Shield), and Sage Intacct is willing to enter into a Business Associate Agreement with eligible healthcare clients.

Additional healthcare accounting software features

Our features and flexible add-on modules make Sage Intacct the best healthcare accounting software to further automate and streamline processes.

Dynamic allocations

Understand your organization's performance with fully automated cash allocation software.

Multi-entity and global consolidations

Consolidate hundreds of entities in minutes, not days – and boost productivity by more than 50%.

Spend management

Streamline business purchasing and payables processes that are within corporate budgets.

Subscription management

Drive revenue and streamline workflows across the AP cycle with exceptional speed and efficiency.

Revenue recognition

Intelligent, automated revenue recognition to help your company scale.

Project accounting

Manage project costs and revenue, keep projects on time, and maintain project profitability.

Sales and use tax

Simplify tax compliance around the globe with automation, centralized reporting, and digital tax processes.

Fixed assets

Automate asset management and depreciation with the Sage Intacct fixed assets module.

Fast close. Faster insights.

Download our report to learn how automation can save your finance team up to 3X more time for value-added activities.

Why healthcare organizations choose Sage Intacct

Sage Intacct

Our healthcare accounting software helps deliver clear, measurable results. Our customers have seen:

Benefits

  • A mobile medical clinic provider shortened monthly close by two weeks
  • A healthcare organization slashed project and department reporting from 10 days to 10 minutes
  • A medical practice increased cash flow by $125,000

Benefits

  • A healthcare company saved $100,000 in staffing costs
  • A senior-care management company cut more than 400 person-hours annually
  • A mental health service gained confidence in HIPAA compliance with audit trails and integrated compliance
8.8 out of 10
WINTER 2023 Nonprofit Leader WINTER 2023 Mid-Market Leader

Healthcare resources

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G2 report

Sage Intacct accounting software products— #1 in customer satisfaction

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Sage Intacct multi-entity financial management

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Michael Dolence

Vice President of Operations, Pride Investment Partners

Sage Intacct offers flexibility, ease of use, the ability to see where we are financially at any point in time with instant consolidations, reporting capabilities are outstanding—those are the things that are key for us. My time is now freer to work on investing funds rather than tracking them and looking at history in our books.

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FAQs for Sage Intacct healthcare accounting

Sage Intacct’s healthcare accounting software with Advanced Audit Trail is HIPAA compliant. Our security safeguards have been certified as HIPAA and HITECH compliant by Avertium (formerly Sword & Shield), and Sage Intacct is willing to enter into a Business Associate Agreement with eligible clients. With Sage Intacct, you have the peace of mind that you can meet strict regulatory requirements. In addition, Sage Intacct has received Peer Reviewed designation by the Healthcare Financial Management Association (HFMA).

We’ve built our healthcare accounting software to support the ever-changing and complex healthcare industry. Our healthcare accounting software features include:

  • Strong core accounting: Our key core accounting features provide the foundation for your financials; a dimensional general ledger, accounts payable, accounts receivable, cash management, order management, purchasing, and Sage Intacct Collaborate to communicate with your team in real-time.
  • Reporting and dashboards: Benefit from increased insight for faster financial decision-making by combining financial and operational data in new ways. Gain real-time visibility into every metric and KPI that matters, like profitability per location, treatment, CPT code, or physician.
  • HIPAA compliance: When you think about protected health information (PHI), your financial system might not immediately come to mind. However, research has shown that many healthcare organizations don’t realize the extent to which PHI is stored in their financial management system. Our security safeguards have been certified as HIPAA- and HITECH-compliant by Avertium, and Sage Intacct is willing to enter into a Business Associate Agreement with eligible healthcare clients—giving you the peace of mind that you can meet strict regulatory requirements.
  • Automated multi-entity financials: Push-button consolidations aggregate transactions in minutes across your healthcare organization with multiple entities, locations, and clinics. Use a shared chart of accounts, perform instant and continuous consolidations, centralize payables, and eliminate manual processes for payments and intercompany accounting.
  • Control and compliance: Reduce risk and cost with automated workflow, internal controls, and streamlined compliance using built-in healthcare-specific reports and IRS-compliant financial statements.
  • True cloud technology with open API: Track metrics central to your organization's operations and programs by leveraging key data from your EMR, payroll, budgeting, CRMs like Salesforce, and other existing or future systems important to your organization.

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.

Sage Intacct is a highly configurable, complete, modern cloud-based healthcare accounting software solution that accommodates the needs of healthcare organizations of varying sizes and complexity. Your cost for Sage Intacct will depend on the size of your accounting team and the modules you choose to implement

But cost is a relative term. With efficiency and productivity gains, our healthcare customers state that on average the software pays for itself in less than 6 months. For the healthcare customers below and many more Sage Intacct has been a worthwhile investment. With Sage Intacct ...

  • CareATC scaled easily with 3X revenue growth and cut their monthly close process 50%
  • Accurate Neuromonitoring Healthcare grew profitability 30%
  • Vera Whole Health increased finance team efficiency by 25% and enabled a 70% faster close

Sage Intacct has been an innovative leader in the cloud financial management and accounting space for more than a decade. Over that time, we've accumulated widespread acclaim at the company level, as well as for our product and employee achievements.

As the only healthcare accounting software preferred by the AICPA and Healthcare Financial Management Association (HFMA) Peer Reviewed, Sage Intacct is considered the best healthcare accounting software solution by independent finance and software experts like the AICPA, Gartner, HFMA, G2, TrustRadius, and many others.

In its G2 Grid Report for Mid-Market Accounting, G2 named Sage Intacct as a leader with the highest customer satisfaction score for ERP systems. And it wasn’t just this year. Since 2015, Sage Intacct has consistently had the highest scores on satisfaction, product direction, and net promoter score when compared to other cloud accounting software providers.

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