Top 5 Reasons Healthcare Organizations Choose Sage Intacct

Top 5 Reasons Healthcare Organizations Choose Sage Intacct

In healthcare, what distinguishes the adequate financial management software from the exceptional? Healthcare-specific features and functions.  

Most accounting software can handle core accounting obligations quite well. Many solutions can even comply with healthcare-industry regulations or handle complicated payment schemes. They are capable of getting the job done. 

But in a healthcare industry where competition, regulations, and expectations are all rising, adequate isn’t enough. Healthcare accountants don’t want general, industry-agnostic solutions; they want something built specifically for them. 

That’s why so many choose Sage Intacct.

What is Sage Intacct?

Sage Intacct is a cloud-based financial management platform that integrates all financial data and every accounting tool in one place, surrounded by a vast ecosystem of APIs connecting it with other key software packages. Intuitive and feature-rich, Sage Intacct utilizes a dimensional accounting structure that’s ideal for the multi-entity accounting common throughout healthcare. 

That’s one reason Sage Intacct has been growing in popularity with healthcare providers large and small—but it’s hardly the only reason. With so many imperfect options to choose from, Sage Intacct requires no compromises because it does everything healthcare accounts want and need, exactly how they would prefer it done. 

Why Do Healthcare Organizations Choose Sage Intacct?

As the healthcare industry evolves, many entities are replacing outdated, underpowered, or inadequate financial tools. Here’s why so many feel confident choosing Sage Intacct. 

• • Built by Healthcare Experts – Sage Intacct was not just built for healthcare accountants; it was built by healthcare accountants. The development team includes experts with backgrounds in finance and accounting and experience working for acute, ambulatory, and post-acute healthcare providers. Their first-hand involvement with the problems and practicalities of healthcare financial management informs how Sage Intacct develops features and creates solutions. 
  • Fully HIPAA-Compliant – Any personal health information (PHI) in the accounting system is safe and compliant thanks to the Sage Intacct Advanced Audit Trail. Certified HIPAA-compliant, this simple but strong feature tracks access to all data to help prevent fraud, hacking, and non-compliance. Sage Intacct will also sign a Business Associate Agreement with eligible healthcare clients.
  • Industry-Specific Functions – The broad, deep, and flexible toolkit in Sage Intacct enables the most important and difficult workflows in healthcare accounting, from complicated financial forecasting to in-depth reporting across the entire organization. Sage Intacct also integrates with healthcare-specific software—electronic medical records, revenue cycle management, payroll, etc—so that data flows seamlessly between stakeholders, departments, and locations in any healthcare setting. 

• Unmatched Reputation –  From being cloud-native to integrating artificial intelligence and machine learning, Sage Intacct has a reputation for staying on technology’s cutting-edge. It’s also the only financial management solution endorsed by the American Institute of Certified Public Accountants (AICPA), and it’s been peer-reviewed by the Healthcare Financial Management Association (HFMA). No other solution on the market has the technical accomplishments of Sage Intacct combined with the professional approval of healthcare and accounting experts. 
• Proven Results – More than just a software upgrade, implementing Sage Intacct makes healthcare providers stronger in countless ways, inside and outside the realms of financial management. They get more efficient and productive thanks to integrated data and automated workflows. They also get more informed and effective by using on-demand reporting and intuitive analytics capabilities. With a powerful hub for financial management, it’s no surprise that Sage Intacct users manage money more effectively, which in turn enables everything they hope to accomplish now and for years to come. 

RSM – Healthcare Accounting Experts

For the same reasons that it’s critical to pick accounting software that’s appropriate for healthcare, pick software partners with the same expertise in the industry. 

RSM has a team that operates at the intersection of healthcare, accounting, and technology. We help everyone from small clinics to major health systems find, implement,and optimize software while updating their processes and plans to leverage new capabilities. 

We work extensively with Sage Intacct. After introducing it to myriad healthcare clients, we’ve seen what it can do in action, and we’ve learned how to maximize the positive impact. Make the clear choice for replacing accounting software—contact RSM about Sage Intacct. 

Sara Sun