8 Jul, 2021

ERP Software for Healthcare Industry

Enterprise Resource Planning softwares are redefining their standards and capabilities so that they fit into almost every major industry. Healthcare industry requires a well-oiled organizational machinery for effectively running its plethora of services.

Take a break from independent systems that run different sectors of your organization. It is time for hospitals and healthcare organizations to seriously start considering a cloud-based ERP system that can streamline everything from financials to inventory to human resource management.

Are You Struggling with Cost Reduction and Quality Patient Care?

When several services are managed in individual (disparate) systems, productivity is severely compromised as each department or service should be looked into separately. 

Hospitals require effective ERP systems for managing their core operations. A 360-degree view of the organization’s entire operations along with a unified information portal that displays key information from all departments can come handy for healthcare organizations. 

ERP proves to be a fine cost-reduction tool as it can effectively run all back-office operations, reduce overhead costs and maximize productivity. The organization can thus shift its focus to more pressing issues like customer satisfaction and quality care rather than keeping track of employee logs or inventory details.

Operational efficiency is improved with an ERP system - the doctor or clinician has easy access to patient records that are data-rich. Data automatically flows from various sources like diagnostic centers or laboratories into the patient record without manual involvement. 

Top Benefits of Healthcare ERP

Easier Access to Medical Records

Health care providers are migrating from paper-based and manual processes to ERP, where they can access key  data with a single click, significantly enhancing the patient experience. 

Remote access to main resources and reports for patients is also made possible by an ERP platform. An ERP system ensures that critical patient data is available across various systems. Along with other types of data such as patient medical and travel history, this automation can prioritize patients in need of emergency medical care. In addition, healthcare providers can contact many patients through telehealth technologies and reduce unnecessary visits to emergency rooms.

Lower Your Operating Cost

ERP applications for healthcare can enhance process efficiency. ERP integrates various functions, such as payroll, accounting, and human resources, into a single database thus aiding in the automation of key back-end processes.

An ERP system can keep track of patient payments while also helping providers keep track of their own spending. This is a great way to keep track of and reference operating costs for suppliers and services. ERP also reduces the risk of human error in both administrative and inventory-related data input.

Standardize Healthcare Best Practices

Individual processes are consolidated and connected with the ERP system, allowing them to flow into one another and run smoothly. Every team member is given access to the information they need, which improves coordination and collaboration.

Integrate key processes like - Patient tracking, electronic medical records control, a radiology department, an outpatient clinic, and emergency care.  All policies and procedures relating to member benefits, fees, registration, and provider networks should be closely monitored and kept up to date with current best practises.

Business Intelligence for Quicker Decisions

Making mission-critical, lightning-quick decisions for your healthcare organization depends on your access to in-depth ERP business intelligence and operational insights.

With ERP software, you can run reports that reveal your facility’s requisition, performance, and response rate. You can direct your spending and set future forecasts by accessing your budget.

Simplify Compliance

Make your activities visible, safe, and traceable as possible to respond proactively to compliance requirements. Holding on to antiquated recordkeeping practises may result in a failed audit or noncompliance issues. ERP allows you to provide required documents at any time and from any place. As a result, following business regulations becomes second nature rather than a manual process to recall.

Prioritize Patient Safety

All contact between patients and caregivers is fully traced through healthcare ERP. This assists in tracing the roots of every dispute back to its root causes, ensuring that there are no surprises or secrets.

Take Advantage of ERP in the Healthcare Sector

Healthcare being one of the most data-sensitive industries, needs a technical solution that can adapt to their changing needs.

An ERP system can largely benefit the healthcare industry - Specialized modules and functions  help healthcare institutions organize their workflow, improve patient care, increase productivity, and reduce costs. Only by identifying your business needs and implementing ERP best practises can you achieve these benefits.

How NetSuite ERP Can Transform Your Healthcare Business?

Oracle NetSuite is a cloud-based ERP system with advanced modules and a user-friendly interface. With NetSuite, your healthcare organization will have role-based dashboards, real-time reporting, improved customer service and unified CRM. NetSuite helps improve operational visibility, configure workflows and support internal controls. 

Looking for a NetSuite implementation partner? Join hands with a well experienced Alliance partner like Jobin & Jismi for a seamless implementation experience.