4 Ways Sage Intacct Is Built for Healthcare

When it comes to financial management, healthcare organizations aren’t like restaurants or retailers, or any other business. You have unique challenges and requirements, and you need financial management software that addresses those unique needs.

Sage Intacct, the cloud-based, best-in-class financial management and accounting software solution, stands out as the right choice for most healthcare organizations. Let’s explore four reasons why.

#1: Compliance and security

Sage Intacct is the only healthcare accounting software endorsed by the AICPA (the professional organization for CPAs) and Healthcare Financial Management Association Peer Reviewed. Its security safeguards have been certified as HIPAA- and HITECH-compliant by Avertium (formerly Sword & Shield),

HIPAA- and HITECH-compliant features include Sage Intacct’s Advanced Audit Trail, which tracks access to all your contracts, customers, and vendors, so you can include every login in your audit reports. If you implement the audit trail, Sage Intacct can enter into a Business Associate Agreement (BAA) with you that defines mutual obligations for compliance.

#2: Easy integration

Sage Intacct and its partner Wipfli recently announced the launch of EMRConnect, which automatically integrates healthcare organizations’ EMR data with Sage Intacct’s cloud-based, HIPAA-compliant financial management system to enable a seamless flow of information.

Sage Intacct also integrates with payroll, inventory, and healthcare-specific solutions such as patient billing systems and supply chain management software. These integrations enable smooth data flow across systems, while enhancing security and reducing the chance of errors.

#3: Healthcare-specific functionality

With intuitive dashboards and reports, Sage Intacct provides real-time access to key metrics specific to healthcare organizations, such as profitability per location, treatment, CPT code, and physician.

The customizable dashboards and interactive reports enable stakeholders to access the information they need and slice and dice it how they wish, facilitating strategic planning and enhancing financial transparency.

#4: Enhanced operational efficiency

Sage Intacct automates time-consuming processes such as accounts payable and receivable, expense management, and report creation, so your financial team can focus on higher-level tasks. The increased efficiency translates into cost savings, improved cash flow, and better overall productivity.

Get more out of Sage Intacct

Kernutt Stokes has been a leading accounting and business consulting firm for more than 75 years. Our Sage-certified experts are ready to assist healthcare organizations with software implementation, training, and support services to help you manage accounts payable and other processes, so you can grow with confidence. Contact us for a free consultation.