To deliver on mission, you need margins.
The Financial Accounting Suite offers an affordable, out-of-the-box, industry-specific solution. It’s completely integrated with Resident Accounting. That’s important because:
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No double data entry.
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Real-time reports. The second a care item is executed in clinical, it will flow through immediately to your financials. No waiting.
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Proactive care for your bottom line. Just like clinicians, accountants will have rich information to better manage expenses and make more informed decisions
As a more profitable operation, you can afford to deliver even better care.
Evaluating tradeoffs: generic vs. industry-specific
You have a couple of options: a generic business product, or an industry-specific, out-of-the-box product. With a generic product, you’re immediately in the systems integration business. With an industry-specific product, it works on day one. The benefits:
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No hidden costs. Studies show that custom set up costs for generic software products are double what you’d pay for the software itself!
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Integrated financials. To eliminate extra steps at closing and needless reconciliations.
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Details. Drill down seamlessly to get what you need to run your business and spot operational exceptions.
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Budgeting and benchmarking. You’ll spot trends before there is a crisis.
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Choice. Per Resident Day (PRD) and whole dollar reporting, for example.