Healthcare > Accounting
Patient Accounting Software
Accounts Receivable and Accounts Payable approved and streamlined with these patient accounting solutions.
Improving Hospital Financial Operations With Grm Accounting Software Solutions.
The Patient Accounting function within a hospital is at the center of running a successful healthcare business. Whether streamlining processes and improving your team’s ability to successfully execute collections or delivering the tools required to organize and verify payables functions, GRM hospital accounting software solutions can easily integrate with existing systems and deliver high-value operational improvements.
Accounts Receivable Consolidation
Our AR Consolidation product consolidates multiple systems and accelerates collections.
Accounts Payable Automation
GRM’s Accounts Payable automation solution improves efficiency and frees up valuable staff time.
ACCOUNTS rECEIVABLE WORKDOWN
Our AR Workdown (AR Wind Down) solution consolidates the relevant data from multiple acquired AR systems, enabling your staff to process more accounts in less time.
Streamlining Accounts Receivable Systems to Protect Healthy Cash Flow
Consolidating multiple systems, normalizing data, standardizing interfaces and advanced automation delivers:
Better Patient Communication
Streamline patient billing communication with a unified system, improving clarity and consistency across healthcare facilities. This enhances patient satisfaction and financial efficiency.
Accurate Reporting
Facilitate seamless transitions to new systems by consolidating AR data, ensuring complete and accurate closure of legacy billing processes for a worry-free implementation.
Savings
Accelerate the retirement of outdated legacy systems to cut costs on licensing, maintenance, and operations, streamlining processes and maximizing savings across healthcare facilities.
Consolidate AR Data &
Maintain Healthy Cash Flow
With mergers and acquisitions common, the acquiring organization typically ends up with multiple Accounts Receivable systems. When patient accounting data is spread across AR systems, it creates inefficiencies in accounts receivable management and increases the likelihood of errors made by billers. This state of affairs threatens to slow down collections and create cash flow problems.
GRM’s AR Workdown (AR Wind Down) solution consolidates the relevant data from multiple acquired AR systems, enabling your staff to process more accounts in less time. And, the GRM solution helps eliminate the learning curve associated with the new platform by mimicking the functionality of the AR system with which your staff is most comfortable.
Capture & Organize Related Documentation
In addition to the actual medical accounts receivable documentation, there is a host of related documents such as remittance advice and denial letters – not to mention scans of insurance cards, drivers’ licenses, doctors orders and a multitude of other supporting documentation involved in AR Consolidation and AR Archiving projects. GRM’s comprehensive patient accounting software and accounts receivable automation solution helps ensure that these documents are captured digitally and indexed to be associated with related documentation.
There's more to it
Engage with our healthcare and finance information experts, committed to guiding you hand in hand toward successful system integration and optimization for a smooth transition and enhanced operational efficiency.
Accounts Payable Automation
Optimize Purchasing Processes with GRM’s VisualVault: The Ultimate AP Automation Tool for Streamlining Orders and Invoices
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Automate Approvals and Payments
GRM’s intelligent capture, iForms, and workflow automation solutions work in concert to keep this machine running smoothly and efficiently. Purchase requisitions can be captured and kick off a complex workflow automation process that manifests as a simple and logical flow of documents and approvals. Data can be automatically given structure in iForms. Incoming invoices can be auto-matched to requisitions – down to the line level. Approvals can be prompted. And payments can be made.
Bring Efficiency To Your Processes
GRM’s VisualVault offers a sophisticated yet user-friendly suite of tools designed to seamlessly integrate with your existing purchasing, payables, and general ledger systems. This powerful solution enhances your financial operations by introducing unparalleled simplicity, efficiency, and reliability to processes that require flawless execution and consistent progress towards completion, ensuring your AP tasks are handled with precision and ease.
Get a Demo
You can reach out to us by phone at 888.907.9687, or fill out the form below