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Six Benefits of Cloud-Based

Accounting Systems for Physician's Offices

With the digital tools available today, it industry benchmarking data for your
probably comes as no surprise that tech- specialty
nology can be used in just about every • Alleviates the burden of hiring, train-
industry and in every way within an ing and maintaining accounting staff
accounting department. But while some • Transform your accounting and
He nf I h lt a or on i t a m physician’s practices and surgery centers finance workflow digitally with technol-
may be resistant to new technology and ogy
change that comes along with it, the effi- • Increase and/or decrease resources as
e T ch y g o l o n
ciencies and results of modernizing your needed
accounting system will be well worth it. • Smooth transition – open communi-
Pr m a r g o
Modernizing an accounting system cation, dedicated staff/manager, proper
EN EN E ENN R R NR NROO IN IN L L L L OL OL G G G G O O N N W W means to automate typical time-consum- planning and transition/training,
detailed implementation plan
ing processes. By implementing a cloud-
te a m im ti s Es E ti ted ti m im ti e t too c o com e te e le p mpl t : 2 y e year s rs based solution, bills can be received BY STEPHANIE Cloud-based services provide flexibili-
directly via email, automatically entered MARESCA ty, allowing you to work or access your
into the system, the signor can approve data from anywhere at any time. G away
To T o le ar n mo , c e r l al via an app on their phone, and bills are from the outdated, mundane tasks asso-
7 41 . 7. 3 2 . 5 0 3 41 paid via check or electronic payment. important in providing accurate and ciated with bookkeeping and emphasize
practical financial data that not only pro-
real-time processing; which means less
This process also provides a thorough
trail from when the bill was received vides results of your financial condition paper, more automation, more control,
when it was paid and all of the approvals but can also be used to benchmark with and greater efficiencies, allowing physi-
m a i M i D d a e C ll o eg e - Medi a c l C p m a us
along the way. industry data. These accounting systems cians and office managers access to accu-
0 5 9 N .W. 0 2 th . St Because these modern accounting sys- can provide a dashboard showing finan- rate and real-time analysis of their prac-
tems are cloud-based, they are able to cial highlights and valuable analysis. tice’s financial performance at all times.
handle and process multiple locations or Benefits of a modern accounting sys-
entities and are customizable to meet tem include: Stephanie Maresca, Senior Manager,
your practice’s specific needs. • Accurate information on a timely WithumSmith+Brown, PC, can be reached
Modernizing your system allows you to basis at smaresca@withum.com. Learn more
focus on patient service while having full • Increase financial visibility with about modernizing your accounting system
knowledge of your practice’s financial innovative technology and automating workflows by visiting
standing and performance. This is • Access to meaningful analytics using www.withum.com.

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4 October 2019 southfloridahospitalnews.com South Florida Hospital News