The healthcare industry is complicated and ever-changing. While patient care is at the core, operations, funding and insurance play vital roles in this high-risk, high-reward industry. Plus, all healthcare-related entities, from doctors and hospitals to pharmacies and other related providers, must adhere to some of the strictest regulations (i.e., HIPAA) in the United States to protect patients’ rights to privacy. Then there’s billing, which is perhaps the most complex part of healthcare systems. With so many stakeholders and moving parts, and serious repercussions for errors, having a controlled financial process and accounting software for healthcare organizations is imperative for smooth and successful operations.
BlackLine’s healthcare clients employ the Account Reconciliations, Task Management and Journal Entry modules to ensure that their financial processes are efficient and accurate. Many healthcare organizations also use Transaction Matching for cash reconciliations, because they are involved with a high number of banking institutions within close proximity to each of their health centers. Some savvy healthcare organizations have even developed their own creative use for the solution, leveraging Transaction Matching to match up patient information from geographically dispersed clinics and hospitals with the billing systems at corporate headquarters.
Learn more about BlackLine’s Financial Close Suite and the accounting software many healthcare organizations employ.
- Alliance Healthcare Services
- Brookdale Senior Living
- Catholic Healthcare Partners
- Good Shepherd Health
- Hammes Company
- HF Management Services
- Luminex Corp
- Medical Management International
- Northside Hospital
- St. Vincent’s Health System
- St. Vincent’s Private Hospital Melbourne
- St. Vincent’s Private Hospital Sydney
- Surgical Care Affiliates
- Sutter Health
- Valley Mental Health