Sage Intacct for Healthcare: Driving Financial Clarity

Healthcare organizations face rising financial complexity due to multiple revenue streams, grant compliance, and regulatory reporting. Simultaneously, the margin for error in patient care continues to narrow. Such pressures underscore a critical intersection in healthcare that’s becoming increasingly important. This dynamic suggests that healthcare financial management extends beyond operational efficiency and can forward the mission of patient care.

Evidence supporting the link between financial performance and care quality is compelling and logical. Organizations with strong healthcare financial management are better positioned to weather unexpected challenges without compromising care standards.

In this article, we’ll explore how Sage Intacct for healthcare can help organizations gain financial clarity through specific capabilities designed to address the financial complexities unique to the industry.

Navigating the Financial Complexities of Healthcare

Finance teams contend with multiple funding sources and grants, complex revenue recognition and cost allocation, and regulatory reporting across federal, state, and private programs. Technology designed for healthcare can help organizations manage these complexities while maintaining operational efficiency and compliance.

Healthcare finance leaders require tailored solutions to help manage complex revenue streams, regulatory compliance, and operational efficiency.

How Sage Intacct Helps Support Healthcare Organizations

Sage Intacct for healthcare provides a cloud-based financial management platform designed to help streamline processes, support compliance, and aid in real-time decision making. Here are six ways Sage Intacct stands out.

Industry-Specific Functionality

Hospitals and healthcare organizations that invest in process improvement and advanced cost accounting can realize measurable financial benefits. Sage Intacct can deliver multidimensional financial tracking, seamless integration with clinical systems, and tailored dashboards. These tools can help teams monitor critical metrics, like days in accounts receivable (AR), cash collections by payor, departmental performance, grant utilization rates, and more, without relying on complex spreadsheets. For deeper visibility into revenue cycle management, Sage Intacct can integrate with electronic health records (EHR) systems.

Cloud First Architecture & EHR Integration

Investments in information systems, when aligned to clinical priorities, are associated with lower readmissions and improved operating margins. Studies show that higher EHR system adoption correlates with reduced penalties and healthier financial performance when readmissions improve.1

EHR can provide clinicians with an inclusive view of a patient’s medical history. This information can facilitate seamless coordination across multiple care settings, which is particularly critical for patients requiring long-term or post-acute care.

Key EHR functionalities that help support reduced readmissions are:

Case management and medication reconciliation, helping continuity and accuracy during care transitions.
Patient access to personal health records, empowering individuals to understand discharge instructions and adhere to care plans.
Clinical decision support tools, which can assist providers in identifying high-risk patients at the point of admission.

EHR systems help streamline clinical and administrative workflows and can help accelerate revenue cycle processes. When integrated with Sage Intacct, these benefits extend into the financial management layer, creating a unified ecosystem for both clinical and financial data. Integration of Sage Intacct and EHR systems offers several potential advantages, such as:

Improved Operating Margins: Advanced EHR adoption correlates with stronger operating margins, especially when paired with quality initiatives. Sage Intacct amplifies this by delivering real-time financial visibility, enabling leaders to track performance metrics and adjust resource allocation accordingly.
Enhanced Revenue Capture: EHR efficiencies can help increase patient throughput and billing accuracy. Sage Intacct complements this with automated revenue recognition, multientity consolidation, and granular reporting, so that every charge can be captured and reconciled.
Reduced Operating Expenses: When integrated, these systems can help reduce redundancies across clinical and financial operations. EHRs can reduce duplicate tests and paperwork, while Sage Intacct can automate accounting tasks, lower IT overhead through automatic cloud-based updates, and support paperless workflows.
Secure, Scalable Access: Sage Intacct’s cloud-first design provides secure, anytime access for distributed teams, with automated updates to help reduce IT burden. This aligns with healthcare’s need for agility and compliance in a hybrid work environment.
Compliance-Ready Architecture: Built-in support for HIPAA/HITECH-aligned workflows can help financial processes remain compliant when integrated with clinical systems.

Multientity Consolidation

A positive association exists between the financial performance and care quality of healthcare organizations. Financially stable healthcare organizations tend to have a greater capacity to invest in the resources and infrastructure needed for quality improvement, especially across multientity footprints.2

In multientity environments (hospitals, clinics, ambulatory surgery centers, physician practices, foundations, etc.), stability depends on accurate, real‑time consolidation and transparent drill down that leaders can trust.

Here’s an example scenario that Sage Intacct can excel in:

A regional health system with two hospitals, six clinics, a joint-venture ambulatory surgery center (70% owned), and a foundation.

Monthly Close: Each entity closes on its own timeline; Sage Intacct can continually consolidate to a parent view with automatic eliminations of intercompany shared-services charges and physician allocations.
Joint-Venture Treatment: The ambulatory surgery center rolls up with partial ownership; Sage Intacct can calculate minority interest automatically and maintain auditable eliminations.
Reporting Drill Down: The CFO sees consolidated margin decline; drills into Hospital 2 > Orthopedics > supply cost per case spike > opens the AP bill and PO to view vendor and pricing detail; Procurement can then lead a vendor review.
Consolidated Reporting: Foundation-funded care management program shows lower readmissions and positive contribution margin when mapped to clinical episodes through integrated systems data, strengthening the case for expanding the program.

Advanced Fund & Grant Management

Systematic waste reduction and value-based care initiatives can help improve both care value and financial outcomes. The ability to trace costs accurately across programs is a recurrent success factor. Sage Intacct can provide the financial backbone to help support these goals by delivering real-time visibility and automation. With Sage Intacct, you can:

Track multiple funding sources across programs and departments
Automate compliance reporting and maintain audit readiness

Revenue Cycle Management

Hospitals with strong financial performance show lower 30‑day readmissions and improved patient outcomes for certain conditions, as well as higher patient experience scores.3 This underscores the connection between effective healthcare financial management and patient outcomes.

Sage Intacct can help healthcare organizations enhance revenue cycle management by delivering real-time financial visibility, automation, and healthcare-specific reporting capabilities. By aligning financial data with operational and clinical insights, Sage Intacct enables healthcare leaders to uncover revenue opportunities and make informed, value-driven decisions. Key capabilities include:

Monitor AR aging, payor mix, and reimbursement trends
Identify collection opportunities and process improvements with intuitive dashboards

Real‑Time Reporting & Analytics

Enhancing quality and safety can lead to strong financial performance by increasing revenue and avoiding costs. Solid finances, in turn, can enable continued investment in further quality and safety initiatives. This creates an upward spiral of continuous improvement. For example, a healthcare system that sees financial gains from higher patient satisfaction ratings might use those funds to upgrade its training programs, further improving patient safety.

Sage Intacct can help support this through real-time reporting and analytics, including:

Dynamic dashboards for days in AR, cost per patient day, and margin by service line
Tools to support regulatory compliance reporting, e.g., Medicare cost tools, charity care documentation

Designed for Diverse Healthcare Organizations

Sage Intacct is well suited for midsize healthcare organizations seeking to enhance fund accounting and regulatory reporting capabilities while maintaining the agility to respond to evolving reimbursement models and compliance requirements. A few ideal fits include:

Midsize healthcare facilities, where Sage Intacct supports budget management and expense tracking to help improve financial visibility.
Medical practices and clinics, benefiting from multilocation financial oversight that helps simplify consolidated reporting.
Long-term care providers, supported by patient data protections and compliance-aligned workflows that help streamline operations.
Home health and hospice organizations, enabled with real-time performance monitoring to enhance resource allocation and service delivery.
Behavioral health providers, leveraging seamless integration and reporting to unify financial and clinical data.
Specialty care providers, equipped to manage complex billing and payment flows with greater accuracy and efficiency.

Benefits of Sage Intacct for Healthcare

Healthcare organizations face mounting financial complexity and regulatory demands. This secure, cloud-based platform can help leaders achieve financial clarity, streamline compliance, and deliver better patient outcomes.

Potential Benefit	High-Level Overview
Advanced Fund & Grant Management	Track funding sources, automate compliance, monitor spending, audit-ready reporting
Multientity Consolidation	Manage multiple facilities or entities, consolidate reports, drill down for details
Revenue Cycle Management	Track AR aging, payor mix, reimbursement trends, streamline collections
Leading-Edge Reporting & Analytics	Real-time dashboards, regulatory compliance, benchmarking, strategic planning
HIPAA & HITECH-Compliant Cloud	Secure, compliant cloud access, automatic updates, reduced IT overhead
Automated Financials & Streamlined Operations	Automate processes, dynamic dashboards, open API, industry-specific AR tools

How Forvis Mazars Can Help

Ready to transform your financial operations? Connect with the Sage team at Forvis Mazars to explore how Sage Intacct for healthcare can help you advance your financial governance, compliance objectives, and value-based care goals.

Schedule a Discovery Session: Address multientity pain points, close timelines, and performance targets.
Join a Road Map Workshop: Plan your Sage Intacct rollout and EHR integration.
Sign Up for a Complimentary Strategy Session: Learn how Sage Intacct may benefit your organization.

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