This is a continued subject and many issues and problems have already been discussed previously. No doubt hospital is a demanding and critical operation and there are chances of much slackness on clinical, administrative and financial operations.
These problems and issues need to be capped by employing an efficient hospital ERP or hospital management software. Hospital.Partners is a comprehensive HMS i.e. hospital management software implemented at many reputable hospitals in Pakistan has the required capabilities and is instrumental to introduce controlled hospital operations. We will discuss some more issues and problems in a hospital environment.
Delayed billing for corporate patients and receiving of payments and receivables with aging is difficult to manage.
A decent part of hospital revenue is generated through corporate billing. Therefore, involved processes must be efficient inclusive of receivable management. It is normally noted that corporate billing is delayed due to certain reasons and consequently causes weak cash flow.
Outstanding bills and payments are not linked with the ledger and financial accounts on a real-time basis.
If financial transactions either revenue or expenses are not posted in respective ledger, the financial position cannot be looked into precisely. In a manual or any inefficient system financial transaction are not updated timely and revenue, expenses, receivables and payables are never updated timely.
Real-time monitoring of advance/deposits and cost of treatment is not available.
Administration and billing need to see at any time the cost of treatment incurred for the patient in comparison of advance and deposits received against admission. This is very important to take timely action if cost of treatment increases that the received advance and deposits.
By implementing efficient Hospital ERP or Hospital Management software the problems as discussed could obviate. Hospital.Partners, the ERP for hospitals is entrenched with all such situations, where control on revenue could pilfer.