As a finance professional in a Senior Living / Assisted Living organization, you may be experiencing growth beyond the capabilities of your current financial software package. Sage Intacct handles multi-entity organizations with ease. See the case study below for further clarification.
In Search of Multi-Entity Financial Management to Support Future Growth Personal Healthcare, a senior care facility management organization, previously used outside accountants and an industry-specific software suite to manage its financials, but the software failed to keep up with the company’s rapid growth trajectory. The old software couldn’t support paperless financial processes or provide transparency into revenues, payroll, and expenses across different states, facilities, or departments. “We chose Sage Intacct over healthcare industry solutions because it was immediately clear that it would be incredibly easy for all of our staff to use, and it allows us to configure the system to our very specific needs,” said Israel Ostrovitsky, controller at Personal Healthcare. “Sage Intacct gives us the flexibility to customize virtually any report and analyze our financial data using key operational metrics like cost per-patient-per-day - a measure that’s extremely important in a business as specialized as senior care.” Please access the entire case study to learn more here. Questions on how Leaf can improve your Senior Living / Assisted Living business with cloud financials? Please contact us and we'll collaborate towards a solution. 
Webinar November 19, 2020 at 2:00 pm Eastern
With all of the changes happening in healthcare, the need for Personal Health Information (PHI) in your finance and accounting system is growing. What PHI will you be using and why? Have you thought about the effects of HIPAA compliance on:
If you haven't - you should, or you could end up on the HHS "breach portal." Paul Johnson, Partner in Wipfli LLP's Risk Advisory Services practice, will join us to talk HIPAA in the light of today's healthcare environment. November 19 2pm Eastern - Register Here Sage Intacct is the #1 cloud financial management system for data-driven, growing healthcare organizations. Our security safeguards have been certified as HIPAA- and HITECH-compliant by Avertium (formerly Sword & Shield), and Sage Intacct is the only accounting software endorsed by the AICPA. If you need help evaluating whether Sage Intacct would be the right financial management solution for your organization, schedule an appointment and let's talk. We are here to help. 
In our continuing efforts to keep the Senior Living / Assisted Living verticals informed in the cloud financials space, we thought it would be relevant to post this new research that may affect your organization.
New research indicates most home health and hospice leaders are exposed to serious financial risks due to the lack of access to real-time financial data and business analytics. This comes at a time when daily management of key performance indicators has never been more important as providers attempt to navigate new payment models and predict the financial impact of COVID-19. Over the past 12 months, financial complexities have grown exponentially, and business leaders are being challenged like never before to manage cash flow. Unfortunately, real-time visibility into financial and operational performance continues to evade most providers. Now is the time organizations must evaluate their financial management systems to ensure they get the visibility they need - when they need it - to navigate these challenging times ahead. A recent study conducted by Porter Research and sponsored by Sage Intacct reveals that many of the most popular financial accounting systems are severely lacking in their ability to provide home health and hospice business leaders the insight they need. The majority of the providers are using outdated methods and limited, on-premise financial accounting systems that are putting their long-term viability at risk. Download the complete white paper, 'Financial Visibility = Financial Viability in a Post-Pandemic Society' here. Ready for more information? Please schedule an appointment and we'd love to collaborate on a project to help with your cloud financials. 
Leverage real-time visibility and insights to make more informed decisions.
The healthcare industry is undergoing exceptional change . . . And that’s without the added pressure of a global pandemic. While the world attempts to come to terms with a new normal, healthcare organizations are on the front lines of this crisis. And for an industry that has always been about helping others, maybe this information can provide you some help. We’ve spoken to healthcare organizations about their approach to managing their financials during this unprecedented time. Their best advice? Focus on what you can control. You have a wealth of knowledge and data at your fingertips - you just need to figure out how to harness it so that you can make changes on the fly and stay nimble. In good times and bad, healthcare CFOs and CEOs need better visibility into both financial and operational metrics to allow for more data-driven decisions. Research shows that healthcare CFOs would like to move away from being a financial “scorekeeper” and assume a more strategic partnership in organizational intelligence and planning. Interested in reading more? View the eBook: Healthcare Financial Dashboards and KPIs That Matter - How to leverage real-time visibility and insights to make more informed decisions Questions on how Leaf can improve your Senior Living / Assisted Living business with cloud financials? Please contact us and we'll collaborate towards a solution. 
Moving from Transactional Accounting to Analytical Decision Support
With a rich 100-year history of serving seniors and their families through a variety of health, wellness, and social services, Lutheran SeniorLife's business has expanded significantly over the years. Most recently, the nonprofit acquired some organizations that provide visiting nursing and human services, each of which used different accounting systems. With this increasing complexity, Lutheran SeniorLife's chart of accounts and financial processes were getting out of hand, and its finance team decided to centralize core functions and move all 24 entities onto one robust platform. Around this time, the organization also migrated its clinical system to HealthMEDX, and went in search of a user-friendly financial management solution that could connect with its new software to help improve productivity across the board. “We wanted a platform that would build on the basic capabilities of our legacy system, with the addition of rich reporting and a more integrated multi-entity general ledger,” said William Thompson, accounting manager at Lutheran SeniorLife. “We chose Sage Intacct over Oracle and Microsoft Dynamics for its flexibility and ability to eliminate manual work in support of our goal – to transform the traditional approach to finance, and alter the mix of our finance team’s skills towards more financial analysis, risk management, and forecasting.” Interested in learning more? Read the full case study here: https://rc.sageintacct.com/customer-case-studies/lutheran-seniorlife Questions on how Leaf can improve your Senior Living / Assisted Living business with cloud financials? Please contact us and we'll collaborate towards a solution. 
Are you a finance leader within a Senior Living / Assisted Living organization? Then you’re concerned about protecting the privacy of patient information. Since Sage Intacct is committed to safeguarding your organization's protected health information, we want to make sure you're aware of Sage Intacct’s compliance with HIPAA.
Please view this on-demand presentation entitled “HIPAA Through the Eyes of a CFO" to find out more about how Healthcare organizations are utilizing Sage Intacct, the only HIPAA compliant mid-market cloud financial solution, to monitor their performance and keep their financial processes running smoothly. Please do not hesitate to reach out to us with any questions you might have. 
Senior Living / Assisted Living organizations face unique challenges and need technology to better understand their practice and succeed in the future. As the need to use Protected Health Information (PHI) to understand the health of practices grows, so does the need to maintain HIPAA compliance and keep PHI secure - including in your accounting system.
Leaf Software Solutions and Sage Intacct are passionate about building accounting software solutions that help you better understand your business, maintain HIPAA compliance, and succeed in the evolving healthcare industry. Please download this datasheet to learn much more about how cloud accounting software can impact your Senior Living / Assisted living organization. If you have any questions, please contact Leaf today. 
Healthcare Hangout - Complimentary Online Series for Assisted Living and Senior Living Finance Professionals
Join these 30-minute sessions and take the opportunity to network, learn and share with your finance peers. The healthcare industry is experiencing exceptional change, but how can we, as finance leaders, lead our organizations out of crisis and reignite growth? Let’s discuss and share strategies for gaining visibility and insight into organization financials, using technology to drive growth, and insights into what’s next for the healthcare industry. Topics in the series include:
See this link for the series schedule and descriptions for all sessions. Missed a session? You'll find the recording at the link as well. Please let us know if we can be of assistance by scheduling an appointment here. |
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