Sage helps thousands of healthcare organisations focus on strategic initiatives, increase efficiency and drive growth.
Enhance the quality of care with our secure, compliant cloud solutions for healthcare. Understand revenue sources and boost provider and patient profitability.
Manage healthcare financials with clear visibility into revenue sources and performance across care facilities.
Unite clinical and financial insights to improve operational efficiency while maintaining quality care standards.
Scale your healthcare workforce operations efficiently with integrated HR and payroll solutions.
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"Sage Intacct gives us the flexibility to customise virtually any report and analyse our financial data using key operational metrics like cost per-patient-per-day - a measure that's extremely important in a business as specialised as senior care."
Healthcare accounting is the practice of recording and reporting the financial activities of healthcare organisations, such as hospitals, clinics and insurance companies. Healthcare accounting has several unique aspects that distinguish it from other types of accounting, such as:
Complex revenue cycle: Healthcare organisations have to deal with multiple sources of revenue, such as patients, insurers, and even government programmes and grants – each with their own payment terms, rates and policies. Healthcare accounting software, such as Sage Intacct, can help you understand your revenue cycle, ensuring accuracy and compliance.
Regulatory compliance: Healthcare accounting software, such as Sage Intacct, can help ensure that healthcare organisations meet the regulatory requirements and avoid penalties or audits.
Multi-entity consolidation: Healthcare organisations often operate as multiple entities, such as subsidiaries, affiliates or joint ventures. Each entity may have its own chart of accounts, currency and reporting standards. Healthcare accounting software, such as Sage Intacct, can help consolidate the financial data from multiple entities, providing a unified and comprehensive view of the organisation's performance.
Healthcare and medical accounting software is a specialised type of software that helps healthcare organisations and professionals manage their finances, operations and compliance. Healthcare and medical accounting software can help you understand your revenue cycle and automate financial tasks. Healthcare and medical accounting software can also integrate with other systems, such as electronic medical records, practice management, and inventory management, to provide a holistic view of the organisation's performance.
Cloud accounting software is a type of software that runs on the internet, rather than on a local computer or server. Cloud accounting software offers many benefits for healthcare organisations and professionals, such as:
Accessibility: Cloud accounting software can be accessed from any device, anywhere, at any time, as long as there is an internet connection. This allows healthcare professionals to work remotely, collaborate with colleagues, and serve patients across different locations.
Scalability: Cloud accounting software can easily adapt to the changing needs and growth of the healthcare organisation, without requiring costly hardware upgrades or software installations. Cloud accounting software can also handle large volumes of data and transactions, without compromising speed or performance.
Security: Cloud accounting software provides high levels of security and compliance, as the data is stored and encrypted in secure servers, protected by firewalls, antivirus, and backup systems.
Efficiency: Cloud accounting software automates and streamlines many of the tedious and manual processes involved in healthcare accounting, such as data entry, reconciliation and reporting. This reduces errors, saves time, and improves accuracy and productivity.
Choosing the best healthcare accounting software depends on several factors, such as the size, type and needs of the healthcare organisation or professional, the features and functionality of the software, the cost and value of the software, and the customer service and support of the software provider. Some of the questions to ask when choosing the best healthcare accounting software are:
Sage Intacct is built for healthcare providers navigating complexity and growth. Whether you're managing multiple locations, dealing with evolving regulations, or trying to improve operational efficiency, Sage Intacct helps you:
Join leading healthcare organisations who’ve reduced close times by up to 79%, improved productivity by 65%, and scaled without adding headcount. Switch to Sage Intacct and discover why small and mid-size businesses around the world continue to prefer us over other accounting software.
Ready to learn more about what Sage can do for your healthcare organisation? We are, too. Our product experts are here to guide you every step of the way.