Medical practice management accounting is complex to say the least. If your practice is funded through the state, Medicaid or other insurers or grants it’s imperative to keep accurate audit records. Maintain compliance and profitability with medical practice accounting software.
Healthcare accounting software empowers back office accounting personnel to manage complex financial processes with robust reporting, workflow automation and remote access. CFO’s require the power of cloud-based real-time financial visibility, streamlined processes, and flexibility to integrate with other healthcare related systems.
Providers are able to create automated budget approval processes via integration with payroll software, patient billing systems, etc. Cloud-based medical practice accounting enables you to prepare, route, approve, post and track via an audit trail with a click of a button. Accounts payable workflows are significantly easier, including role-based workflows and HIPAA-compliant security to provide internal controls and documentation so that your practice is audit ready.
Medicaid and Medicare require individual cost reporting. When a medical practice operates multiple location facilities, it is extremely tedious to meet the reporting requirement. Cloud-based healthcare accounting software delivers reporting and accounts payable efficiencies that immediately deliver the unique industry reporting required for multi-location facilities.