Keeping a hospital financially healthy is no simple matter — properly managing resources, purchase orders, and other back-office and administrative tasks are just a few of the pillars healthcare business professionals must uphold to ensure their hospital is controlling operating costs.
MEDHOST Financial Solutions features a comprehensive suite of applications fully integrated with our Health Information System (HIS) to support hospital billing and accounting teams.
MEDHOST core financial applications include:
MEDHOST’s Revenue Cycle Solutions provides comprehensive revenue cycle tools to generate bills, post reimbursements, and manage accounts. Our billing tool helps decrease accounts receivable delays by accelerating bill generation and improving claim acceptance. MEDHOST’s Denial Management module helps improve key financial and operational performance metrics by providing customers with advanced tools to identify, measure, resolve, and prevent denials.
Patient Access Solution
MEDHOST’s Patient Access Solution helps hospitals and health systems manage all points of connection with patients and front-end processes, as well as enhance patient satisfaction. Our solutions can be hosted on premises or remotely hosted and managed, which frees your IT team to focus on more pressing quality-of-care and compliance issues instead of day-to-day technology management.
Get easy access to both invoice and vendor information through online, real-time processing. Our time-tested AP solution incorporates intuitive dashboards that reveal balances at-a-glance, streamline processes by eliminating redundant tasks and afford you better control over how and when an invoice is paid.
Credit Card Processing
Electronic processing automatically reconciles accounts and helps improve cash flow. This application provides an alternative to manual check disbursements, reducing the cost involved with check processing.
Drill down to the purchase-order level for superior financial analysis, and with user-defined reports and budgeting and forecasting capabilities, MEDHOST General Ledger gives you a comprehensive look at your financial data, so you can make more informed business decisions.
Increase revenue through accurate capture and management of supply purchases and dispensation. With touch-screen monitors and barcode scanners, monitoring inventory costs, forecasting supply requirements and implementing just-in-time ordering is much simpler and far less time-consuming.
Time and Attendance
Improve staff efficiency and manage your facility’s resources with MEDHOST’s easy-to-use Time and Attendance application. It provides accurate, immediate payroll information and maximum flexibility in tracking cost categories, and its flexibility handles your most sophisticated pay rules and makes it possible to manage multiple facilities.
Document Management System (DMS)
MEDHOST DMS is a central control and routing system for documentation within the enterprise solution. With MEDHOST DMS, healthcare professionals can efficiently and securely manage the flow of healthcare documentation between applications.