How to Use Sage Intacct for Healthcare Compliance, Accuracy, and Care

In today’s healthcare landscape, delivering excellent care depends on strong financial management. Rising costs, evolving regulations, and complex reimbursement models have pushed finance leaders in healthcare to modernize their back-office systems. To keep up, many are turning to Sage Intacct.

Sage Intacct is a cloud-based financial platform designed for healthcare organizations, from dental clinics and physician groups to long-term care facilities and nonprofit health networks. It is the only healthcare accounting software to be peer-reviewed by the Healthcare Financial Management Association (HFMA), a key reason why many leaders prefer Sage Intacct for healthcare compliance, accuracy, and ultimately, enhanced patient care.

How Sage Streamlines Your Compliance

Regulatory compliance is a significant burden for healthcare organizations. Between HIPAA requirements, nonprofit financial standards, and ever-changing grant and insurance carrier stipulations, finance leaders in healthcare must ensure that every transaction meets strict criteria.

Fortunately, there's a way to ease this burden because Sage Intacct and healthcare compliance go hand in hand. Sage’s granular access controls, detailed audit trails, and secure data-handling protocols align with HIPAA best practices and GAAP standards, helping finance leaders protect PHI, maintain compliance, avoid penalties, and reduce regulatory risk.

Nonprofit health organizations also benefit, thanks to Sage’s robust fund and grant-tracking capabilities. These enable nonprofit leaders to manage multiple funding sources, track outcomes, and produce transparent reports that align with the requirements of donors and grantors.

How Sage Improves Your Accuracy

Accuracy is critical in healthcare finance, and it's also a key factor in staying audit-ready. As we all know, misreporting, manual errors, and delayed insights can lead to costly consequences, from billing disputes to poor budget planning and even noncompliance penalties. Sage Intacct addresses these challenges with AI-powered continuous accounting and tools designed to streamline and automate your financial operations.

With support for revenue cycle management (RCM), Sage Intacct helps you eliminate manual processing and reduce billing errors, even across complex and diverse revenue streams. Its powerful multi-entity and multi-currency capabilities help growing practices seamlessly track revenue, reimbursements, and expenses in real time across multiple departments or entities, and its push-button consolidations roll up your numbers within minutes, not days.

However, accuracy isn't just for compliance; it's essential for gaining insight.

In the modern world, we’ve all seen that the faster you can analyze your data, the faster you can pivot and capitalize on emerging opportunities. To help, Sage Intacct’s multi-dimensional accounting allows finance teams to tag transactions by department, provider, location, or service type (or any other category) and then gain instant, real-time visibility through flexible, customizable dashboards that feature full drill-down capabilities.

Instead of relying on spreadsheets or rigid charts, users can slice and dice financial data through personalized dashboards, enabling them to improve the accuracy of internal reporting, budgeting, and forecasting.

How Sage Helps You Deliver Better Care

While Sage Intacct is primarily a finance management system, its impact can extend to patient care. By streamlining back-office work and enhancing visibility into the true cost of care, healthcare organizations can utilize the system to make more informed decisions that directly impact their services.

For example, by analyzing real-time KPIs on fully customizable metrics, such as costs per procedure, provider, or location, healthcare leaders can make more informed resource allocation decisions. With those, they can better ensure that they will have the right people, equipment, and services in place at the right time to support evolving patient and community needs.

Prefer more direct insight? Your organization can choose to integrate the operational and patient data collected by your practice management software (PMS) into Sage's encrypted, firewalled platform. With the VBCC team’s expert assistance, you can securely integrate patient-level data in a way that supports HIPAA compliance and operational safeguards, so that approved team members can analyze it directly from their personalized Sage Intacct dashboards. This can help them make targeted decisions to boost operational performance and care.

Setting Up Sage Intacct for Healthcare Compliance — the Right Way

The work you do every day directly impacts the lives and well-being of your patients, which means you can't close down for long. Neither can your systems. At VBCC, we recognize the importance of your work and are committed to supporting your ongoing success.

Over the past 30 years, VBCC’s Sage-certified experts have refined our approach in every aspect, from implementation methodology to support and service models, resulting in one of the industry’s leading implementation experiences and some of its most caring and efficient support.

We focus heavily on ensuring that your system setup supports Sage Intacct’s healthcare compliance best practices, from data security to workflow design. We hold every implementation to the highest standards and diligently work to help you stay compliant with healthcare and financial mandates at all times.

To put it plainly, we never try to fit you into a one-size-fits-all box, like many of the other companies do. You can trust us to set up your compliant systems correctly, accurately, and carefully, so nothing slips through the cracks.

Looking for personalized assistance? Reach out to our top Sage Intacct expert, Wendy Gorski. With extensive experience as a Sage Intacct Implementations Consultant, contact Wendy to learn more about the difference Sage Intacct can make for your practice. 

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