RSMUS.comIn a dynamic, detail-oriented, and process-driven field like healthcare finance, the potential of artificial intelligence (AI) cannot be overstated. And with more than 60% of healthcare organizations already using this technology to manage the revenue cycle, among other use cases, financial professionals are clearly enthusiastic about what AI can do.
Now that AI has been around for several years and used by many, if not most, healthcare organizations, it’s time to shift the focus away from validating the technology towards something else: finding the best tool for integrating AI into healthcare finance workloads.
The market for AI-driven financial management tools has exploded recently, meaning that decision-makers are overwhelmed with options, many of which are under-baked after being rushed through development. That leaves healthcare finance teams eager to embrace AI but worried about committing to the wrong tool.
In this crowded field, one solution stands out: Sage Intacct. In addition to being one of the most capable and comprehensive platforms available for healthcare financial management, it makes AI uniquely accessible and impactful for all, lowering the barrier to entry while raising the ROI and time to value.
Sage Intacct is the clear choice for healthcare finance teams that want to integrate AI. This blog explains why.
Why Sage Intacct Excels at AI for Healthcare Finance
Unlike other AI-driven applications that raise troubling questions about security and accuracy, Sage Intacct goes above and beyond to build confidence in the developers, the platform, the AI, and the outputs. Here’s how:
- HIPAA Compliant – Most important of all, Sage Intacct has been certified HIPAA compliant, with an advanced audit trail and the ability to enter a Business Associate Agreement (BAA).
- AICPA Endorsed – It’s the only healthcare accounting software endorsed by the AICPA. It’s also the only platform to be peer reviewed by the HFMA.
- Industry Integrated – Sage Intacct integrates with EMRConnect, Clinical eProcurement, and dozens of other healthcare solutions to seamlessly share data and synchronize workflows.
- Multi-Entity Ready – Built for multi-entity accounting, Sage Intacct unifies accounting and finance for healthcare organizations with multiple locations or business lines.
Sage Intacct has established itself as an unparalleled platform for healthcare accounting and finance. That makes it the perfect foundation for rolling out AI and making it a practical tool that benefits financial professionals every day.
How Healthcare Finance Teams are Using Sage Intacct AI
Sage Intacct has introduced several AI-driven features (with more on the way) designed to unleash productivity and efficiency for finance teams while making advanced technology feel intuitive to use and integrated naturally into workflows.
Sage Copilot is a perfect example. This automated assistant uses generative AI trained on all the data in Sage Intacct to find metrics, generate reports, conduct variance analysis, and much more. It responds to natural language queries, making it simple to interact with, which is important for a tool that can do so many things on demand. And since it’s integrated throughout Sage Intacct and available to all users out of the box, AI becomes a vital resource on day one.
Another example is automated accounts payable and inventory processing. It uses AI to automatically match invoices to POs based on policy rules, with machine learning to improve matches over time. Similarly, the integration with Clinical eProcurement enables direct supplier punch-out catalogs to be integrated into the purchase workflows for greater accuracy and compliance. By solving some of the biggest pain points facing healthcare finance teams, Sage Intacct brings the real-world value of AI to life.
Embrace AI with Help from RSM
Changing anything about accounting or finance, especially a core technology, takes careful consideration. Teams should be cautious about AI—but they can’t avoid it any longer.
Transition into the AI era as smoothly and successfully as possible with help from RSM. With expertise across healthcare, finance, Sage Intacct, and AI, we can help you implement a new financial management platform and take full advantage of AI, along with everything else, to hit new heights.
What could Sage Intacct AI do for your organization? Contact us to explore the answer.
Mark Smallwood
Mark is an Associate in the Technology Consulting practice and a Certified Sage Intacct Implementation Consultant. With a background in accounting and data analytics, he works with not-for-profit, financial services, and healthcare organizations to streamline financial operations and support efficient system implementations from planning through go-live.
