If you’re looking at moving to a new healthcare accounting system, this is an exciting time. Exciting, because you might only get to pick a partner or a solution once or twice in your career. Admittedly, “exciting” might not always feel like the right way to describe it. But make no mistake, finding the ideal solution can make all the difference.
If you’re a finance leader of a healthcare organization, you have unique challenges to address.
In this list, we’ll share our Top 3 reasons why healthcare organizations choose Sage Intacct.
Reason 1: Sage Intacct is HIPAA compliant and will sign a BAA
Whenever possible, protecting access to Protected Health Information (PHI) is mission-critical. Many of our customers can leave patient information in other systems, like an integrated medical billing system. In those situations, our work is easy. But if now or at some point in the future have the requirement to do accounting or billing functions in your financial system, you now must deal with HIPAA rules.
This isn’t anything to take lightly – HIPAA violations come with civil and monetary penalties of $50,000 to $1.5 million per violation, criminal liability, exposure to lawsuits, and the loss of client trust.
Other accounting solutions might make claims about how secure they are, but Sage Intacct has Advance Audit Trails, which is certified HIPAA-compliant by Avertium (formerly Sword & Shield). Sage Intacct will even sign a Business Associate Agreement to back up their claims when the competition can’t or won’t.
Whether you need HIPAA compliance today or want to future-proof your solution in case anything changes, Sage Intacct can give you peace of mind knowing your patients’ data is safe.
Reason 2: Healthcare-specific functionality
To be successful, you need quick, immediately accessible key performance indicators (KPIs) that illuminate the true value of the organization.
Imagine a dashboard showing cost or revenue per treatment, per patient, per referral, or location. Sage Intacct can hold statistical information and use that data in conjunction with financial data in readymade reports or dashboards. Better still, Sage Intacct will allow you to budget to all those dimensions and statistics.
Having the ability to slice information and give details to key stakeholders in real-time is unparalleled.
Beyond reporting, Sage Intacct integrates with other essential software systems for electronic medical records (EPIC being most notable EMR, but others as well), revenue cycle management (RCMs), payroll, and inventory. So much of the healthcare-specific functionality has preexisting integrations with Sage Intacct, but the Sage Intacct API means that a custom connection can be made should a niche integration requirement exist.
Reason 3: Proven to help healthcare companies grow
Over and over, healthcare companies turn to Alta Vista Technology and Sage Intacct to manage their growth and achieve amazing results.
As one of our largest vertical markets, Alta Vista Technology and Sage Intacct routine help healthcare companies achieve measurable, sustainable growth. One thrilled Sage Intacct customer boasts these incredible achievements:
- Improved finance team productivity by over 35%
- Increased time dedicated to analysis by 300%
- Achieved overall cost savings of $1M annually via better spend analysis
- Shortened the monthly close by 40%
- Reduced financial software TCO by $300,000
Bringing it all together
Organizations choose Sage Intacct as their healthcare accounting system for its comprehensive financial management capabilities that help improve efficiency and meet the challenges of the healthcare market. Whether you are a small, independent physicians practice or a large, multi-specialty healthcare system, Sage Intacct’s cloud-based, HIPAA-compliant, AICPA endorsed accounting solution is with you every step of the way. So contact us today to set up your FREE discovery and learn what it takes to make the switch!
“Healthcare Financial Dashboards and KPIs That Matter”
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