Medical Financial
Medical Financial empowers you to take control of your finances, without losing a moment from patient care. Medical Financial is fully integrated with AdvancedMD, and manages all your revenue and expenses on a single platform.
It is the only accounting software designed by a team of physicians, working with business and accounting experts, who understand the healthcare sector and have one goal in mind: to improve your cash flow and increase your profit margins. After implementing Medical Financial, you will gain the ability to easily oversee every aspect of your operation, use your staff more effectively, and account for every dollar that enters and leaves your practice. Medical Financial includes meaningful browsers and reports which make oversight of all financial activities just a click away. Real-time displays analyze and highlight any revenue or expenses which require your attention. Medical Financial converts your medical office staff to a team of management experts. Accounting information is displayed in a way that makes sense to medical office staff, and medical office transactional information is displayed to the accountant in a way that they understand. With Medical Financial, your medical billing, bookkeeping, accounting, and medical office teams are all synchronized.
Features Include:
• Financial reports: Your accountant will be impressed by the variety of accounting and financial reports generated by Medical Financial.
• Business analytic reports: To manage your practice you need data, and Medical Financial delivers, with reports that are meaningful, intuitive, and actually help you manage your practice and improve your bottom line.
• Inventory management: Medical Financial will reconcile each and every inventory item consumed with your purchases and revenue, and produce a detailed profitability report to confirm that no items are lost, and all your collections are perfect.
• Built-in credit card collections integrated with AdvancedMD: Use the payment processor of your choice and enjoy full integration with AdvancedMD.
• Clinical trial and research management: Tracking expenses, invoicing, and revenue for clinical trials can be a challenge, but we have you covered. All the tools you need to manage the finances of your clinical trials are built into Medical Financial.
• Online patient payment portal: Improve your collections by embedding a link to the portal on your website and make it easy for patients to pay their bills online.
• Automated bank reconciliation: Medical Financial offers true bank reconciliation. We compare all the transactions recorded in AdvancedMD, transactions collected through your credit card processor, and all your cash and check deposits with the actual bank record. We also compare all your documented expenses with the bank record. Every penny is accounted for.
• Custom check printing: Print your own custom designed checks from any printer.
• Complex corporate structure management: Whether you are overhead sharing, have multiple office locations, multiple corporations, or even corporations within corporations, Medical Financial has the tools and workflows to make sophisticated accounting seem easy. Handle complex accounting needs on a single platform, regardless of the arrangement.
