Key components of an innovative, multi-dimensional healthcare financial management system are integration and connectivity.
The healthcare industry has changed dramatically over the last decade, and more changes arrived during the COVID-19 pandemic. Amidst all the changes, one thing is clear: Patients and employees expect modern and connected systems – your financial management system included – that automate and ease processes and enable them to be connected anywhere and anytime.
Outdated and cumbersome systems are frustrating for everyone, and their effects can negatively impact all. On the contrary, a streamlined financial management, human resource, and reporting and analytics system can increase employee productivity and satisfaction. Additionally – and equally important – such a system can enable more informed, patient-focused decisions and improve the patient experience.
Key components of an innovative, multi-dimensional financial management system are integration and connectivity. In other words, the system needs to connect the right information to the right people at the right time, and that information needs to be available 24/7 from anywhere. And it goes without saying that the system needs to be HIPAA-compliant.
Our team at DWD Technology Group created a helpful eBook, 6 Ways to Streamline Financial Management for Your Healthcare Practice, that outlines how an integrated financial management system can make a huge difference for your organization. The eBook explains how healthcare organizations like yours are moving their practices forward – and improving employee and patient satisfaction – because of integrated data and connectivity.
The Importance of Integrated Data and Connectivity
Connect EHR, payroll, and more
When systems don’t share data and “talk to” each other, more work is created for employees than necessary. With a cloud-based system, data from various systems is integrated to provide a comprehensive, real-time view of financials, key performance indicators, and more.
Focus on outcomes
With less time spent on data entry and manipulation and more time spent on data analysis, your managers can make more informed decisions. Additionally, they have quick access to the information investors and regulators need and want.
Deliver information with context
With role-relevant dashboards and reports that give managers the specific information they need, they can better guide their departments and make more effective decisions. Enhanced visibility provides insight to key financial indicators and benchmarks related to current performance.
Support employee productivity
Secure and seamless access to information from anywhere is a must for your employees. Whether at home or on the road, your employees need access to your organization’s data and processes through familiar screens and workflows.
Are you ready to connect your healthcare practice?
Our eBook is a great start and, of course, we welcome all your questions. With the proven performance of Sage Intacct, DWD Technology Group helps healthcare organizations achieve more with the right financial management system.
To learn more, and to get a free software needs assessment, contact us today.