A good hospital ERP has a larger canvas. Such Hospital ERPs or Hospital Management Software not only cover clinical operations or matters related to patients, but financial aspects for the hospital are equally important.
A hospital is a service-oriented institution whether a specialty hospital like; a cardiac care hospital, cancer hospital, tertiary care hospital, or any other type of hospital. Financial viability is very important for any institution including hospitals to sustain and improve their services with quality. Adopting new treatment methods and technology is essential for the sustainability of a healthcare institution. Medical science is ever-changing and so a hospital must. It is needed not only to invest in infrastructure but in human resources also by employing qualified and experienced professionals. Many such improvements are revenue-dependent. Therefore, it is imperative that billing and recovery against services including medicines and lab/radiology tests must be failsafe and timely.
HMS or hospital management software needs to be integrated with the financial module as a hub in case of occurring financial transaction irrespective of where it occurs. Hospital.Partners, the best Hospital Management Software or HMS has such consideration, where billing and recovery including corporate patients is accurate and efficient. Monitoring of receivables also plays an important role in the cash flow of hospitals, resulting in better productivity.
While the bill is generated and given to cash-paying patients or sent to corporate patients should be transparent and contain verifiable information for validation of the bill. Good HMS or Hospital Management software, like Hospital.Partners should have verifiable data which is the basis for the bill. This should have details of services, room/bed charges, medicines/consumables, lab/radiology services, doctor/consultant visit fees,s, etc. Another important part of billing is that it should update all respective ledgers and cost centres maintained for hospitals. Hospital Management software needs to ensure the parts of operations as explained above.