Healthcare Accounting Software: Top 3 Reasons to Consider Sage Intacct

Is your healthcare organization considering moving to a new healthcare accounting software system? You’ll want to choose wisely and ensure you get the best solution. Finding the right solution for your needs will significantly affect your processes, productivity, and profits.

If you’ve been charged with evaluating and investigating solutions compatible with your organization, our experts at Alta Vista Technology can help. We’d like to share our top three reasons why you should consider Sage Intacct.

Sage Intacct Is HIPAA Compliant, and Will Sign a BAA

Securing patients’ Protected Health Information (PHI) is mission-critical. Some healthcare organizations have patient information in other systems, such as an integrated medical billing system or patient portal. In those situations, your work is straightforward. But if now or at some point in the future, you want to do accounting or billing in your financial system, you will have to deal with HIPAA regulations.

HIPPA regulations are serious. Violations can result in legal and monetary penalties of $50,000 – $1.5 million per violation, criminal liability, exposure to lawsuits, loss of client trust, and devaluation of your reputation.

Of course, all accounting systems will claim to be secure, but Sage Intacct has Advance Audit Trails, which is certified HIPAA-compliant by Avertium. Sage Intacct will sign a Business Associate Agreement (BAA) to back up its claims even when other software vendors can’t or won’t.

Whether you need HIPAA compliance today or are looking to future-proof your business as you grow, Sage Intacct will give you peace of mind knowing your patient information is secure.

Healthcare Accounting Software

Healthcare organizations need immediately accessible key performance indicators (KPIs) that illuminate the organization’s actual value.

Imagine how you could benefit from a dashboard showing cost or payment per treatment, per patient, per referral, or location. Sage Intacct maintains statistical data and uses it in conjunction with financial data to populate readymade reports and dashboards. Moreover, Sage Intacct allows you to budget to all those dimensions and statistics.

The ability to slice and dice information and give key stakeholders real-time details is priceless.

Along with top-notch reporting, Sage Intacct integrates with other essential software systems such as electronic medical records, revenue cycle management, payroll, and inventory. Much of the healthcare-specific functionality has preexisting integrations with Sage Intacct. In addition, the Sage Intacct API means that you can make custom connections if you require niche integrations.

Helps Healthcare Companies Grow and Thrive

Our healthcare organization clients have chosen  Alta Vista Technology and Sage Intacct to manage their growth and achieve outstanding results.

Alta Vista Technology and Sage Intacct routinely help healthcare companies achieve measurable, sustainable growth in one of our largest market verticles. Sean Mintz, CFO of Banyan Treatment Centers, said, “We’ve saved a million dollars by having better visibility since we can be highly efficient in how we spend our money. With Sage Intacct, we know about many business trends that were simply impossible to track before amidst our constant growth and spending increases.”

One  Sage Intacct customer appreciated 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

Healthcare Financial Dashboards and KPIs That Matter

Organizations choose Sage Intacct as their healthcare accounting software because of its comprehensive financial management capabilities. These significantly improve efficiency and will help your organization meet the unique challenges of the healthcare market. Whether you are an independent doctor, a small practice, or an extensive, multi-specialty healthcare system, Sage Intacct’s cloud-based, HIPAA-compliant, AICPA-endorsed accounting solution should be at the top of your shortlist.  Contact our experts today to request a FREE discovery and find out what it takes to choose the best Healthcare Accounting Software from Alta Vista Technology.

By Alta Vista Technology, altavistatech.com

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