Medical Accounting Software

Why medical accounting software is moving to the cloud

Whether it’s through consolidation, favorable patient demographics, or higher revenue, the healthcare industry continues its relentless growth. In a 2013 survey by the Healthcare Financial Services division of GE Capital, 88 percent of 233 senior healthcare services executives reported they expect to pursue M&A activity in the next 12 months. And when you factor in strict regulatory mandates, increased market competition, and tighter margins, the pressure compound. 

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That’s why every healthcare organization is striving to attain significantly greater levels of information visibility and transparency.  They’re seeking to better manage costs, improve patient outcomes, and ensure regulatory compliance without negatively impacting revenue and growth. For many healthcare organizations that all starts with cost-effective, scalable, IT systems—including cloud-based medical accounting software.

Turning to the cloud for medical accounting software
Cloud computing is already acknowledge as a best practice solution in the healthcare global healthcare industry, which will invest $5.4 billion in cloud medical accounting software by 2017, according to MarketsandMarkets’ report, The Healthcare Cloud Computing Market–Global Trends, Challenges, Opportunities and Forecasts 2012-2017.

How Intacct improves medical accounting
From general ledger, accounts payable, and accounts receivable to purchasing, cash management, and reporting, Intacct's medical accounting software automates the entire procure-to-pay cycle with the industry’s most complete and cost-effective cloud-based medical accounting software. Intacct integrates disparate data from multiple systems, eliminates painful spreadsheet-based financial consolidation processes, and accelerates monthly closes. Best of all, you gain new insight into the financial and operational performance of your growing healthcare organization.

And since Intacct is delivered through a simple subscription, you avoid the major upfront capital investments and infrastructure headaches. Intacct provides all of the management, maintenance, support, and security—so you can focus on the issues that matter in your healthcare organization—even as you continue to grow.

Contact us to learn more.

We now have a single chart of accounts and consolidated financials, which has allowed us to virtually eliminate manual processing of financial data outside the application.
Dan Orlinski
Senior Finance Director
Renal Ventures Management