ERP for Healthcare Industry & Sage for Healthcare
Automate manual processes, ensure HIPAA compliance, and centralize healthcare data.
maintain a secure client database & improve patient care
What is Healthcare ERP?
Healthcare is one of the most tightly regulated industries in the world. In recent years, it has faced a series of complex challenges ranging from mounting costs and a global pandemic to rising security concerns. Cutting costs and remaining competitive requires healthcare organizations to work more efficiently. Many organizations have relied on siloed data systems to help protect patient data, but siloed systems are the opposite of efficient. That’s where healthcare enterprise resource planning (ERP) comes in.
ERP systems are used in almost every industry today. It’s a type of software or software-as-a-service (SaaS) that streamlines backend operations. It connects different departments and centralizes all important financial and operational data in a single location. This includes connecting departments ranging from accounting to procurement, project management, supply chain operations, and more. ERPs enable the seamless flow of data across departments and teams. It also eliminates duplicate data and allows people to make better business decisions.
Healthcare ERPs break down data silos and ensure all relevant medical professionals have access to the same real-time patient data. This improves data accessibility and boosts the quality of patient care while streamlining operations and reducing costs.
ERPS for healthcare are uniquely designed to fit the growing needs of organizations in the healthcare space, including hospitals, dentists’ offices, clinics, and more. The software creates an advanced audit trail and utilizes security safeguards certified as HIPAA and HITECH compliant by Avertium, which was formerly known as Sword & Shield. This ensures your client data will be stored securely in one central location.
driving efficiency & reducing the cost of providing care
How Does Healthcare ERP Work?
Healthcare information systems are complex. They often involve collecting data from multiple different sources. In the past, many healthcare information systems were pieced together from a patchwork of specialized subsystems that didn’t always integrate well. This piecemeal approach adds complexity and increases the risk of error while reducing organizational efficiency and driving up patient care costs.
Healthcare ERP software combines all the disparate systems of a complex healthcare organization into a single unified solution. Each part of this interconnected system is designed to integrate with all the other parts. This gives caregivers easy access to important patient data. All-in-one ERPs allow providers to share information across patients and clinical systems as well as managing back-end office administration such as staffing, cost tracking, and resource management.
Why is ERP Software Used in Healthcare?
Track and manage all aspects of your healthcare organization with a robust ERP healthcare solution. Our software handles all aspects of your healthcare financials, including AP and AR, cash management, and more. Enjoy a shared chart of accounts and eliminate manual processes when handling payments.
Dynamic, intuitive reports and dashboards provide instant real-time access to every metric and KPI that matters, including profitability by location and physician, and more.
You’ll be able to create consolidated financial statements at any time and drill down along any dimension you need for a complete 360-degree view of your organization.
Manage Core Business Processes
ERPs specific to healthcare manage HIPAA compliance and maintain patient records while easily providing the data necessary to evaluate individual providers and locations. Healthcare management software improves efficiency and patient care by streamlining operations and improving compliance. They provide large-scale oversight of all administrative and clinical functions. Healthcare ERP systems include real-time data tracking by location, physician, treatment plan, and more
BENEFITS
Benefits of ERP for Healthcare Companies
Increase Compliance
Maintain HIPAA and all other regulatory and legal compliance by maintaining a secure database
Reduce Costs
Reduce or eliminate unnecessary patient care and more quickly identify beneficial treatments
Better Data Visibility
Gain greater insights across multiple locations and business lines along any dimension that matters
Automate Processes
Reduce manual data entry while easily maintaining a record of patient and insurance payments
Increase Controls
Improve financial management and take control of your budget with tighter financial controls
Better Patient Care
Improve patient care by better measuring and tracking long-term outcomes
Drive better patient data access & Boost efficiency
What is the Purpose of Using Healthcare ERP?
A healthcare ERP solution has two primary goals: providing better access to relevant data across the entire organization and increasing efficiency. ERPs help streamline and improve caregiver access to all patient data. Patients also receive better access to their own data through self-service patient portals. This makes it easier for doctors to renew prescriptions and reduces patient phone calls to the office, improving patient access and creating a higher standard of care.
Healthcare ERP solutions boost efficiency and provide large-scale oversight across all administrative and clinical functions. This allows administrators to better track costs, set limits, spot trends, and make better decisions to improve patient care.
streamline healthcare processes
What are Some Examples of ERP in Healthcare?
Multiple different companies provide ERP solutions, but many of these ERPS aren’t healthcare specific. Our ERPs are designed specifically to fit the needs of the healthcare industry. Which system works best for a given hospital or physician network depends on multiple factors including its ability to integrate with existing systems, the size of the hospital or network, and whether providers require mobile access. The most important benefits healthcare ERP provides include:
- Reduces or eliminates duplicate data entry
- Eliminates coding errors
- Improves supply chain management
- Better employee and patient management
- Improves patient quality assurance with predictive analytics
Our healthcare ERP increases scalability through its cloud-based infrastructure. This reduces data storage costs and improves data access speed. Effective healthcare software systems have low latency, fast boot times, and can support complex data analytics.
Why Do We Need ERP in Healthcare?
Enterprise resource planning (ERP) software originally came out of the manufacturing industry. It had a heavy focus on logistics and supply chain management. Healthcare is focused on human health, but it also involves an industrial or business approach. Hospital systems and healthcare networks procure medicines and other medical supplies, which are then distributed to operating rooms, clinics, and other venues. Scheduling patient care requires a similar approach as corporate logistics, managing elements including provider availability, reserving equipment, and planning procedures.
ERP for healthcare is a natural extension of ERP software from its initial origins and applications. While healthcare involves unique concerns relating to patient care and data protection, it still requires cost management, resource management, and coordinating with other providers. Healthcare ERP solutions improve the management of healthcare processes.
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