360-degree visibility across business operations, improved patient care, and simplified processes with NetSuite ERP.
At Folio3, we have been serving the industry for around 20 years. Our clients are our major referrals because of the quality service we provide. We have 50+ Chartered Certified Accountants and 10+ solution architects who understand the financial and technical challenges of the healthcare industry. Whether you need to scale quickly or a custom solution to manage healthcare operations, we’ve got you covered.
NetSuite’s business management suite, used by over 37,000 customers, helps healthcare professionals enhance visibility, streamline operations, and stay flexible during significant changes like regulatory updates, market fluctuations, changes in patient demand, technological advancements, or organizational transformations.
In the healthcare sector, it’s crucial to prioritize strategic cost management. Hospitals are seeing substantial savings by embracing intelligent cloud solutions like NetSuite. NetSuite for healthcare business provides many advantages through its comprehensive and adaptable solution designed to meet the industry’s unique needs. It empowers you to make informed decisions, optimize savings, and boost profitability.
Comprehensive financial capabilities and real-time financial reports improves decision-making across sales and back-office.
Optimize production, improve supply chain, and benefit from leaner manufacturing production.
With NetSuite OneWorld, manage multiple subsidiaries for financial consolidation and taxation.
Interact with your B2B and B2C customers, leveraging 360-degree customer view.
Integrate your business core financial with NetSuite for proactive budgeting and planning.
HIPAA compliance to ensure patient information confidentiality and enforce financial controls.
Healthcare providers often face challenges with patient data management, compliance, billing, and resource optimization. Folio3 implements NetSuite to streamline these operations and enhance efficiency in the healthcare industry. The following modules can help you address and mitigate the challenges faced by the healthcare industry.
NetSuite’s Fixed Asset Management helps healthcare providers with the ability to track and manage critical medical equipment and assets, automate asset depreciation for compliance, and plan asset life cycles. This supports financial planning so healthcare facilities can work efficiently, pass regulatory standards, and gain more investments in critical medical assets.
With NetSuite Inventory Management, healthcare suppliers can make sure they always have the right products available. It can assist them track inventory levels in real-time, to avoid stockouts and disruption in deliveries to hospitals or medical facilities. This module helps meet the demand of medicines, medical supplies, and medical equipment by ensuring their availability.
Streamline the order-to-cash process to assist healthcare suppliers in delivering important medical products swiftly. Process orders quickly and accurately and cut down on delays. This module works in sync with the supply chain and speeds up order fulfillment, leading to the timely treatment of patients.
Quickly adapt to the demand-supply disruptions with the help of real-time data. Respond to urgent healthcare supply needs, like restocking hospitals or clinics while staying compliant with HIPPA. This real-time connectivity between suppliers, manufacturers, and distributors leads to faster and more reliable delivery of critical healthcare products.
The NetSuite ERP’s integrated accounting software provides real-time updates that simplify financial management and budgeting. Healthcare professionals can manage the buying of supplies and equipment and can collaborate with other members of their organization and suppliers. Implementing NetSuite ensures that no mistakes will later prove expensive.
The CRM module is a great tool for keeping track of customer data. It is essential to monitor communication with leads and prospects. Healthcare professionals can track the progress of patient referrals, appointments, or service requests through the CRM system. It also helps teams identify potential delays, optimize workflows, and prioritize tasks for improved patient care.
If your healthcare business needs ERP implementation, integration with existing applications, or ERP customization, our NetSuite-certified consultants are here to help you. Your healthcare business can have a comprehensive, personalized, and industry-specific solution for all its needs and pain points.
We offer post-deployment NetSuite managed services, including module implementations, workflow customizations, and bug fixes. Our specialized team provides personalized NetSuite support for any industry.
Connect your NetSuite with any platform of your choice and improve supply chain with an integrated order and inventory management system to track reordering and inventory levels and make sure the stock never goes out.
NetSuite provides comprehensive financial management tools that help healthcare organizations maintain accurate financial records, optimize cash flow, and enhance overall financial performance.
Yes, NetSuite ensures the protection of healthcare data by complying with regulatory standards such as HIPAA. The platform offers robust security features to safeguard sensitive patient information and maintain data integrity.
Absolutely. As a cloud-based solution, NetSuite is designed to scale seamlessly with your organization’s growth. It offers flexibility and accessibility from any location with an internet connection, making it suitable for expanding healthcare practices.
NetSuite offers comprehensive financial management features that help healthcare organizations control costs and allocate resources more effectively. By providing real-time financial insights and automated processes, NetSuite enhances the sustainability and profitability of healthcare practices.
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