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Automate Billing and Compliance with Sage Intacct for Healthcare Industry

Bring complete transparency into billing and compliance with the most trusted AI-enabled cloud accounting software (HFMA Peer Reviewed and AICPA-preferred in the USA) See what’s driving your costs and where you can make a difference by easily integrating financial, clinical and statistical data with Sage Intacct ERP for healthcare industry.
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Powerful accounting features for growing healthcare organizations

DPDP-Compliant Healthcare ERP System

Handle all your healthcare financial processes with comprehensive tools for tracking general ledger, accounts payable and receivable, cash flow, orders and purchases. Stay connected with your team and communicate seamlessly in real time using Sage Intacct Collaborate.
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Gain Instant, Actionable Insights

Our precise financial reports and customizable dashboards give you the clarity you need to drive growth and increase profitability. With real-time access to the key metrics that matter most to your healthcare organization, you can easily turn data into actionable decisions that keep you ahead.
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Effortlessly Expand Your Software Capabilities

Enhance the efficiency of your operations by connecting Sage Intacct with your existing systems, including electronic medical record (EMR) systems.
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Protect Your Medical Data with Confidence

Sage Intacct Advanced Audit Trail integrated with your medical ERP software protects the privacy and security of your medical data in compliance with the DPDP Act of India.
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Shape the future of healthcare with AI-enabled Sage Intacct ERP for healthcare industry

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Drive financial success with add-on features in your Sage Intacct ERP software for healthcare industry

Dynamic Allocations

Fully automate cash allocation and improve the accuracy of your cash flow management.

Multi-entity And Global Consolidations

Consolidate multiple business entities in no time and manage them on the go for enhanced productivity.

Spend Management

AP automation ensures your expenses and purchases never exceed sanctioned budgets.

Subscription Management

Streamline subscription billing with flexible pricing models and automatic renewals.

Revenue Recognition

Smart, automated revenue recognition to give you a complete view of your earnings.

Project Accounting

Closely monitor costs and profits across multiple projects using our intuitive Sage Intacct ERP medical.

Tax Compliance

Ensure global tax compliance with automatic tax updates, easy tax capturing and centralized reporting.

Fixed assets

Track asset costs and depreciation across multiple entities with automated fixed asset management software.

Sage Intacct EMR Connect

Gain deeper financial insights by integrating your EMR system with Sage Intacct ERP to enhance patient care.

Sage Intacct ERP for Healthcare

Why Choose Sage Intacct ERP for Healthcare Industry?

Healthcare companies must comply with changing financial regulations for billing and tax reporting while safeguarding patient data. This also builds trust among stakeholders, patients and staff.

Sage Intacct ERP for healthcare industry helps you maintain a 360-degree view of your financial and medical records and delivers clear and measurable insights for better decision-making.

Sage Intacct Advantages for Healthcare Industry

Take a look at the various benefits you get with intelligent and automated Sage Intacct ERP system.

  • Close your books faster and maintain reliable, error-free financial statements
  • Improve the accuracy of financial reporting across departments and projects
  • Enhance cash flow and easily plan for future expenses
  • Apply spending limits across departments and simplify grant management
  • Boost the productivity of your team and empower them to focus on strategic tasks
  • Grow your healthcare business without hiring extra staff
  • Advanced audit trails instantly identify and overcome gaps in compliance
Advantages for Healthcare Industry
ERP for Healthcare Industry

What is ERP for Healthcare Industry?

ERP software for healthcare industry is an advanced business management solution that simplifies operational management while navigating complex and evolving healthcare regulations. A medical ERP system streamlines operational costs through advanced cost tracking and resource optimization, besides ensuring patient data protection and maintaining billing standards. It is a centralized ERP medical system that can seamlessly integrate with EMR and other patient management systems.

Why Your Healthcare Organization Requires Healthcare ERP Solutions?

Healthcare organizations are increasingly under pressure to meet regulatory compliance to protect patient data and maintain high standards of billing and tax reporting. When your data is spread across different departments and locations and also in multiple spreadsheets, it is just not possible to get complete financial visibility. That’s why you need ERP systems in the healthcare industry that bring everything together.

1. Patient Data Management

Medical ERP systems offer a single source for storing and managing patient and financial data, making it easier for finance teams to access all records, track billing information and gain a compete view of revenue from all sources.

2. Regulatory Compliance

Indian regulations for the healthcare sector are getting stricter in line with global compliance standards. Whether it is meeting GST obligations for patient care services and medical equipment or maintaining records of clinical trials, the healthcare ERP system helps meet all compliance requirements.

3. Human Resource Management

The efficiency of your healthcare operations depends on how efficiently you manage your workforce, especially at a time when it is difficult to find skilled employees at affordable cost. From staff scheduling and payroll to training, your ERP medical system manages everything.

4. Real-time Reporting

CFOs have to ensure accurate financial statements, audits and compliance for multiple projects and healthcare services. ERP in medical field monitors financial health in real-time, giving insights into which project is performing well and which needs improvement, or where you can cut costs or invest more.

5. Fixed Asset Management

Capital expenditures form a significant part of corporate budgets. Managing investments across assets, whether it is in infrastructure, medical equipment or hardware upgrades requires a centralized medical ERP system.

6. Global Operations

For an Indian healthcare organization with overseas operations, it can become difficult to manage region-specific compliance requirements and track earnings from global operations. ERP medical consolidates data from global entities within minutes for complete visibility.

Empowering Your Business with Industry-Focused Solutions

Whichever industry you operate in, your business has its own distinct requirements. Why then go with standard solutions? Sage Intacct is designed to meet the specific needs of your industry.

Financial Services

CA Firms

Software-as-a-Service

Professional Services

Hospitality

Biotech & Life Sciences

Wholesale Distribution

Franchise

Non-profit Organizations

Healthcare

Frequently Asked Questions

Sage Intacct Healthcare ERP is designed to handle the unique and complex needs of the healthcare industry. Its key features include:

  • Strong Core Accounting: It includes essential tools like a general ledger, accounts payable and receivable, cash management, order and purchasing management, and team collaboration features.
  • Reporting and Dashboards: Get clear, real-time insights into your financial and operational data, like profitability by location or physician, to make faster decisions.
  • DPDP Compliance: The software is DPDP compliant, ensuring your financial data with protected Electronic Health Records (EHR) meets strict security standards.
  • Automated Multi-Entity Financials: Automate consolidations for organizations with multiple locations or clinics, making processes like intercompany payments and reporting easier.
  • Control and Compliance: Built-in tools help reduce risks, streamline compliance and generate healthcare-specific and IND AS-compliant financial statements.
  • True Cloud Technology with Open API: Easily integrate with systems like EMRs, payroll, budgeting tools, and CRMs like Salesforce, allowing your organization to track critical metrics seamlessly.

The cost of Sage Intacct ERP for healthcare industry depends on the size of your accounting team and the specific features you choose. While the exact price varies, many customers find that the software pays for itself within six months due to the efficiency and productivity it brings. For many healthcare organizations, it has proven to be a valuable investment.

Sage Intacct is recognized as a leader in cloud-based financial management. It’s the only healthcare accounting software endorsed by the AICPA and HFMA Peer Reviewed, with praise from industry experts like Gartner, G2 and TrustRadius.

G2’s Grid Report for Mid-Market Accounting has consistently named Sage Intacct a leader with the highest customer satisfaction score for ERP systems. These accolades highlight why it’s considered the best choice for healthcare organizations.

The benefits of using Sage Intacct ERP in pharmaceutical industry are as follows:

  • Streamlined Financial Operations: Automates key tasks like accounts payable, accounts receivable and general ledger management.
  • Regulatory Compliance: Ensures adherence to industry standards like FDA and CDSCO regulations and audit readiness.
  • Multi-Entity Management: Simplifies consolidations for companies with multiple locations or subsidiaries.
  • Real-Time Insights: Offers dashboards and reports to track KPIs like revenue, expenses and R&D costs.
  • Cost Efficiency: Optimizes budgeting and forecasting to manage production and operational costs effectively.
  • Integration: Easily connects with your existing pharma ERP system, ensuring smooth data flow across operations.

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