Growing senior care company switches to Intacct for improved financial processes and visibility

Personal Healthcare manages senior care facilities that provide skilled nursing and rehabilitative care for over 1,000 residents in New York and Massachusetts. As the organization expanded from one to eight individually owned nursing homes in just 5 years, it needed to improve its financial processes and visibility. Personal Healthcare turned to Intacct to support multi-entity financial management to support their rapid growth.

Thanks to Intacct, we’ve been able to bring more accounting in-house, and avoided hiring another 1.5 employees that we would’ve needed to keep up with our growth—at a savings of around $80,000 each year.
Israel Ostrovitsky
Controller
Personal Healthcare

Previous business challenges

  • Needed a robust financial management solution to streamline manual financial processes
  • Required a user-friendly application to more effectively manage accounts payables across multiple facilities
  • Needed multi-dimensional visibility into profitability and key operational metrics
  • Wanted a trusted advisor to support implementation and integration with existing systems

Results with Intacct

  • Shortened monthly close from 1 week to 1 day by automating financial processes
  • Saved over 400 person-hours annually by eliminating manual data entry and Excel-based financial reporting
  • Minimized finance staffing needs despite company growth, avoiding $80,000 in annual salary costs
  • Gained rich insight into key financial and operational trends across multiple entities, departments, and other dimensions
  • Leveraged Brittenford’s expertise to customize Intacct to specific organizational needs
INDUSTRY
  • Healthcare