CFOs face a ton of challenges in managing financial data and reporting, especially given how integral data management and analysis are to Senior Living. The need for accurate and up-to-date information is paramount, yet traditional methods often fall short, leaving CFOs grappling with outdated systems and manual processes. Many organizations leverage PointClickCare (PCC), but then have other financial data in other solutions.
According to a 2023 survey, 64% of CFOs see tech challenges as the biggest obstacle to properly automating and harnessing data. With the right software integration, long-term care organizations can bridge the gap between clinical and financial operations, accessing seamless data management and analysis. So, let’s delve into the transformative power of IntelliConnect, our PointClickCare integration, connecting PCC and Sage Intacct, and its profound impact on CFOs’ ability to make informed decisions while navigating the complexities of healthcare finance.
Understanding the Integration
PCC with leading ERP software like Sage Intacct serves as a conduit, pulling vital billing and operational data from an organization’s clinical side directly into the robust financial infrastructure of the ERP. There are other import/export tools available, but all with significant limitations. That is actually why we developed IntelliConnect, a proprietary PointClickCare integration tool designed specifically for PCC users. What sets the integration apart is the ability to provide automated daily updates on critical financial metrics such as cash flow, billing, census, and have that data mapped automatically to the GL in Sage Intacct.
With IntelliConnect, gone are the days of waiting for monthly reports or manual data entry—CFOs now have access to real-time financial insights at their fingertips. That empowers CFOs to gauge the financial health of their organization with precision and make informed decisions swiftly. It also streamlines processes – but we’ll get into that in a moment! Simply put, the PointClickCare integration presents a shift towards agility, accuracy, and insight. With a clear understanding of how this integration operates, CFOs can harness its full potential to drive financial success for their organizations.
The Improvements an Integration Poses
By integrating with IntelliConnect, operational efficiency and data flow management vastly improve. One study shows that 82% of employees feel automation technology can give them more time to “focus on more valuable tasks” at their job by removing repetitive manual tasks. Automating the transfer of critical financial data not only streamlines processes but also minimizes the risk of errors inherent in manual data entry.
Take the example of how daily cash and daily census updates flow from PCC into the ERP system, all without human intervention. In 2018, Forrester found that data analysts spent an estimated 40% of their time cleaning data before strategists could use it. By utilizing IntelliConnect’s automated data flow, CFOs and their teams have access to accurate and up-to-date financial information at all times, empowering them to make informed decisions with confidence.
Furthermore, the integration enhances security measures, improving the confidentiality and integrity of sensitive financial data. With automated data flow management, organizations can help mitigate the risk of data breaches and unauthorized access, safeguarding the financial health of the organization.
By harnessing the power of automation, long term care organizations can achieve greater efficiency, accuracy, and security in their financial operations.
Why This Matters to CFOs
The union of PCC and Sage Intacct presents a compelling value proposition for CFOs in healthcare finance. Beyond operational efficiency and data access, accuracy, and security clients crave, the integration offers a strategic edge that can revolutionize financial management practices.
IntelliConnect greatly enhances Sage Intacct’s advanced reporting capabilities, allowing you to go beyond what would otherwise be possible. CFOs can easily generate detailed reports, such as Per Patient Day (PPD) reports or revenue per bed analysis, at the click of a button. CFOs can delve deeper into more granular financial metrics, identify trends, and optimize resource allocation for maximum efficiency.
The integration of PCC with ERP systems represents more than just a technological upgrade—it’s a strategic investment in the future of long-term care finance. It picks up where the pieces get dropped between clinical and financial operations, empowering CFOs to navigate the complexities of the healthcare industry with confidence and precision. From improving and streamlining operations through automation to ensuring compliance and providing advanced reporting capabilities, CFOs can unlock new opportunities for growth, efficiency, and innovation, positioning their organizations for success in modern-day healthcare finance.
Powerful Partnerships
As a PCC partner, we specialize in working with clients like you and configuring the solution to work how you work. This is not simply Sage Intacct, it is Sage Intacct for PointClickCare.
One key functionality to leverage in our solution is dimensional accounting, which provides a detailed view of financial performance by organizing data into “dimensions” such as department, location, or line of care. CFOs can easily track expenses and revenue streams across various dimensions with the integration, enabling better financial management and analysis.
Additionally, customizable dashboards allow clients to visualize key financial metrics and reports tailored to their specific needs. This level of customization empowers stakeholders at all levels of the organization to access relevant financial information efficiently, enhancing transparency and accountability.
Our goal, with the PointClickCare integration and our team’s strategic guidance, is to not only meet but exceed your expectations by providing a comprehensive financial solution for your organization’s needs.
