Why Sage Intacct is a perfect fit for growing healthcare organizations

As healthcare organizations grow, managing financial operations across multiple entities gets more complicated. Consequently, these organizations require a modern financial management solution that can keep pace with their evolving needs. These needs include compliance, efficiency, and strategic decision-making. HIPAA-compliant and peer reviewed by the Healthcare Financial Management Association (HFMA), Sage Intacct is designed for healthcare providers. AI automation, real-time reporting, and other features help organizations overcome industry-specific challenges. By combining clinical, financial, and statistical data, Sage Intacct provides clear insights into the true cost of delivering care.

Sage Intacct is a powerful, cloud-based financial management platform and a top solution for healthcare organizations. Built for multi-entity healthcare accounting, Sage Intacct has deep functionality, advanced automation, and real-time visibility. Moreover, its comprehensive financial management capabilities increase efficiency, support compliance, and streamline workflows.

• Core financials: HIPAA-compliant accounting software designed to simplify your financial management
• Dashboards and reporting: Real-time insights and intuitive dashboards, empowering you to make decisions faster and smarter
• Platform: Easily extend your software capabilities to meet your organization’s unique needs
• Advanced Audit Trail: Protect sensitive medical data with robust security powered by Advanced Audit Trail

Compliance with healthcare financial regulations is critical to avoid penalties and criminal liability for violations. Sage Intacct ensures security safeguards have been certified as HIPAA- and HITECH-compliant by Avertium (formerly Sword & Shield). The platform safeguards Protected Health Information (PHI) and has an advanced audit trail for monitoring access.

These built-in controls support healthcare organizations’ need to demonstrate transparency, protect data, and adhere to industry-specific compliance mandates. Sage Intacct also offers advanced revenue recognition features specifically designed for healthcare organizations. To ensure compliance, Sage will enter into a Business Associate Agreement (BAA) with eligible healthcare clients.

Growing healthcare organizations, from senior living networks to specialty care providers, often face challenges managing multiple entities. Sage Intacct simplifies financial consolidation across locations, departments, and service lines. With a few clicks, you can produce consolidated financial statements. No more exporting and manipulating spreadsheets or manual entries. The system automates core accounting features like accounts payable and accounts receivable and streamlines financial operations.

Each location or entity can have its own chart of accounts and bank accounts. And user permissions still roll up to a corporate view. Automation in Sage Intacct reduces manual processes and increases efficiency, supporting scalability and control.

One of Sage Intacct’s most powerful features is dimensional accounting. Unlike traditional systems that use a complex chart of accounts, Sage Intacct lets you tag transactions with dimensions. Options include location, department, payer type, provider, and service line. This gives you dynamic, granular reporting without the overhead of thousands of general ledger accounts. Plus, Sage Intacct has dimensional reporting so you can have financial dashboards and insights tailored to your organization.

With dimensions, healthcare leaders get real-time visibility into operational performance, resource utilization, revenue by payer, and cost per procedure. As a result, you can make strategic decisions that support both financial health and patient care. Additionally, customizable dashboards display key metrics and KPIs, using statistical data to drive better decision-making.

Manual tasks drain your finance team’s productivity and increase the risk of errors. Sage Intacct uses AI-powered automation. For example, you can automate processes like invoice routing, approvals, journal entries, and bank reconciliations. Automation leads to significant cost savings by reducing expenses and improving financial efficiency.

Smart workflows and machine learning can predict entries, identify anomalies, and learn from your team’s behavior. As a result, your staff can focus on higher value work like analysis, strategy, and planning. Sage Intacct’s automation reduces manual projects and streamlines project management. Manage projects more efficiently without the burden of large IT projects.

Sage Copilot, helps finance teams focus on strategic work by reducing manual tasks using AI-powered productivity tools. This streamlines workflows, reduces errors, and provides real-time actionable insights.

Integrated with Sage Intacct, Sage Copilot combines automation, AI-driven insights, and a user-friendly interface. Key capabilities:

• Automate repetitive tasks like invoicing, payment reminders, and reconciliations
• Detect anomalies in data to catch errors before they cause problems
• Generate real-time insights to help teams make faster, smarter decisions
• Simplify workflows with natural language commands, making it easy to access information and complete tasks

With Sage Intacct, healthcare finance teams get instant access to role-based dashboards and self-service reports. Whether you’re a CFO, clinical manager, or board member, you can see the metrics that matter most. For example, see revenue per procedure, payer mix, days cash on hand, or staffing costs by department. Key financial metrics like accounts receivable, cash flow, cash management, and overall financials are also available in these dashboards. These help you understand the overall health of your organization. Furthermore, they update in real-time and are fully customizable. Monitor KPIs, spot trends, and act quickly on emerging issues or opportunities.

Healthcare organizations have multiple systems: EHRs, patient billing platforms, workforce scheduling tools, and more. Sage Intacct’s open API makes it easy to integrate with your broader technology stack. Your  financial system no longer operates in a silo. This includes seamless integration with electronic medical records and payroll systems.

By integrating clinical, operational, and financial data, you can make better decisions and get a more complete view.  Further, Sage Intacct integrates clinical and financial data to streamline workflows and support order management processes. This cross-functional insight helps you control costs, improving reimbursement cycles and overall efficiency.

Sage Intacct’s cloud-native architecture means you can scale without the headaches of infrastructure maintenance or version upgrades. Sage Intacct’s cloud-based platform delivers healthcare-specific functionality. For example, tailored dashboards, KPIs, and integrations address the unique needs of healthcare organizations. Whether you’re adding new clinics, expanding or merging services, Sage Intacct makes it easy to onboard new entities and users.

Its flexible design supports your evolving business model—whether you’re pursuing value-based care, opening new lines of service, or just trying to do more with less. Many healthcare organizations choose Sage Intacct for automation, real-time analytics, and industry-specific features that drive operational efficiency and measurable growth.

Many leading healthcare organizations have already made the move to Sage Intacct. The resulting improvements include financial visibility, faster consolidations, streamlined audits, and stronger financial performance. Additionally, Sage Intacct is the only healthcare accounting software endorsed by the Healthcare Financial Management Association (HFMA). If you’re a healthcare leader looking to modernize your financial systems and prepare for growth, Sage Intacct is built for you.

Rand Group, a top Sage Partner with healthcare industry expertise can help your organization grow with confidence. Contact us to schedule a demo or consultation.