Sage Intacct is #1 in Healthcare Cloud Financial Management Designated by HFMA
Sage Intacct has been awarded the “Peer Reviewed by HFMA®” designation.
After reviewing Sage Intacct under the Peer Review process, the Healthcare Financial Management Association (HFMA) believes Sage Intacct to be well-suited to the needs of healthcare companies. Intacct helps organizations to operate efficiently in an industry that is experiencing exceptional charge.
“We’re pleased to have Sage Intacct achieve their HFMA Peer Reviewed designation,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed healthcare business solution meets an objective, third-party assessment of overall effectiveness, quality, and value.”HIPAA compliance.
Sage Intacct helps finance teams save time and improve accuracy without adding staff. Multi-location or multi-entity healthcare organizations can use a shared chart of accounts, perform instant and continuous consolidations, centralize payables and eliminate manual processes for payments and intercompany accounting.
Additionally, Sage Intacct enables healthcare finance leaders to improve decision making through increased business insights. Through robust reporting and dashboards, users can easily track and manage key financial and operational metrics, such as available capacity, revenue per treatment, revenue per physician and revenue per patient, quickly and efficiently comparing financial performance and ratios across locations. This elevates the finance team from just crunching numbers to being strategic advisors to the business.
Most importantly, for organizations that are subject to the Healthcare Insurance Portability and Accountability Act (HIPAA), Sage Intacct provides compliance tools, certification and a commitment to safeguard protected health information. Additionally, by using the optional Advanced Audit Trail, Sage Intacct is enabled to enter into a business associate agreement that defines mutual obligations for HIPAA compliance.
HFMA's Peer Review Process
HFMA’s Peer Review process provides healthcare financial managers with an objective, third-party evaluation of business solutions used in the healthcare workplace. The rigorous, 11-step process includes a Peer Review panel review composed of current customers, prospects who have not made a purchase and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
The Healthcare Financial Management Association (HFMA) equips its more than 56,000 members nationwide to navigate a complex healthcare landscape. Finance professionals in the full range of work settings, including hospitals, health systems, physician practices and health plans, trust HFMA to provide the guidance and tools to help them lead their organizations, and the industry, forward. HFMA is a not-for-profit, nonpartisan organization that advances healthcare by collaborating with other key stakeholders to address industry challenges and providing guidance, education, practical tools and solutions, and thought leadership. We lead the financial management of healthcare.