Financial Services in Healthcare Enhanced with Intacct and athenahealth

By CIOReview | Friday, April 22, 2016
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Robert Reid, CEO, Intacct

Robert Reid, CEO, Intacct

SAN JOSE, CA: Intacct, a provider for cloud ERP software has joined hands with anthenahealth for a new technology tie-up to offer a complete cloud-based solution to hospital financial teams. athenahealth being a cloud provider focuses on the front end of the health provider experience, and Intacct being a cloud vendor is take care of the back office financial systems of medical facility. According to the agreement besides the product offering, athenahealth will also sell Intacct's financial applications with its revenue cycle management services.

“Intacct was designed to easily connect with other business applications to help companies achieve peak performance. Working with athenahealth was an obvious choice when it came to extending the value of Intacct to hospitals. This partnership is all about making hospitals more efficient via a streamlined, supported and proven model, which we believe only athenahealth and Intacct can uniquely offer,” says Scott Lumish, Vice President of Business Development, Intacct.

The healthcare billing today has become a complicated process owing to transformation of the industry as a value based reimbursement along with dropping cash flows. With hospitals managing quality of service standards like risk adjustments, billing classifications and preventive care, implementation of new functionality for hospital financial teams is critical. Intacct and athenahealth offers tough cloud-cloud integration abilities through web service application programming interfaces (APIs) to support the health systems to assist hospitals to attract top efficiency.

“At athenahealth, we’re focused on being a trusted partner to health care organizations of all sizes, one that enables them to focus more on the practice of medicine and less on the associated business processes and administrative tasks,” said Kyle Armbrester, Chief Product Officer, athenahealth. “By partnering with Intacct, we believe that we’ve vastly extended the value and measurable results we bring to hospitals. Together, we’ve combined our financial, accounting, and clinical expertise to bring to market a new standard of cloud services that we believe will redefine what’s possible when it comes to visibility into, and management surrounding, the entire financial picture for hospitals.”

“Intacct is 100 percent invested in meeting the needs of financial professionals, 100 percent focused on customer success, and 100 percent committed to the cloud. Our customers drive our business at Intacct” says Robert Reid, CEO of Intacct.