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Healthcare and Care Home CFOs are reporting increasing challenges around financial management. This post explores these concerns in greater detail and how cloud accounting for healthcare is helping overcome them…

The Sleep Stealing Issues 

Studies show for the first time in a decade, the main challenges Healthcare Finance Managers face is centred around their financial management systems being insufficient for today’s healthcare industry and the demands of their job roles. 

Top concerns reported include: 

  • Navigating new payment models, such as value-based care.
  • Trying to influence revenue growth and profitability.
  • Striving for profitable growth in their Average Daily Census.

View the top concerns reported by Healthcare CFO  in a survey conducted by Porter Research and best-in-class cloud accounting solution, Sage Intacct, in the free Infographic below: 

What's Keeping Healthcare Finance Leaders up at Night?

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sleep on the solution

Don't Sleep on the Solution

75% of the survey respondents said they feel the financial management software they are using is insufficient and outdated for current ways of working. 

With 60% having used the same accounting software for between 5 and 10 years, it’s no wonder users now find it outdated and lacking the flexibility to adapt to industry changes, like different payment models and increased regulations.  

View our short Introduction to Sage Intacct video below to see more…

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Moving to a modern, cloud accounting solution like Sage Intacct, has helped Healthcare Finance Leaders adapt through features like: 

  • Automating key finance processes – improving efficiency and saving time
  • Delivering greater insights into financial and operational KPIs and data, with real-time visibility via dashboards 
  • Centralise payments across multiple locations

Streamlining operations with Sage Intacct is making life easier for Healthcare Finance Leaders in multiple ways, helping them handle changes to reimbursement models and regulations. 

Discover why Healthcare Organisations are moving to Sage Intacct in our free article below. 

8 Reasons Healthcare Organisations are choosing Sage Intacct

Read our free article on why Healthcare Organisations are moving to Sage Intacct.

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Put Outdated Systems to Bed!

Out of the survey respondents, 49% stated their financial management system could not meet their reporting requirements, while 58% had no dashboard visibility into their KPI’s.

Best-in-class cloud native Sage Intacct is a highly customisable, reliable and scalable accounting platform, featuring a broad range of capabilities reaching far beyond traditional solutions.

healthcare finance system

Healthcare CFOs are doing their jobs easier and better using Sage Intacct with benefits such as: 

  • Real Time Visibility – with a single view of all entities and locations from a single Dashboard.
  • Dimensional Reporting – using instant insights into performance via internet access to make faster, smarter decisions.
  • Automating complex processes, including multi entity consolidations.

Sage Intacct is helping healthcare finance pros save hours of work, improve efficiency and close the books up to 80% faster! 

Is it time your healthcare financials moved to the cloud? 

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Why Choose Acuity as your Sage Partner?

Our Experience!

Acuity Solutions are a leading Sage Partner with over 30 years’ experience in providing industry leading solutions like Sage Intacct. We have plenty of experience in complex implementations both in the UK and internationally.

Fixed Prices! 

No surprises in store, we offer fixed price implementations on all projects.

We Care! 

We work with our customers closely, getting to know their specific accounting challenges. Then we make a plan together, helping to overcome them and to achieve their goals.

What’s Next?

Get in touch to arrange a no-obligation free Sage Intacct demo or a call with one of our Sage experts using the below form and we’ll be in touch!