5 things Long-Term Care Facilities Should Look For in a New ERP System

The decision to buy or upgrade an ERP system –such as Microsoft Dynamics GP – is never an easy one for any company. It can be especially true in the Long-Term Care industry, where the existing accounting system may be old, and as such, deciding what is needed in a new solution may be difficult. Here are 5 things a Long-Term Care Facility should look for when purchasing new software:

Flexible chart of accounts structure to meet reporting requirements

Make sure the system you implement allows for flexibility as your organization grows. How you structure your chart of accounts will ultimately decide how you report data, so it is crucial that you are not locked into a system that does not account for growth. This will also allow you to more easily respond to changes in Medicare and Medicaid reporting.

Integration to 3^rd party Healthcare Billing

Make sure the package you select allows for easy integration to your billing and/or EMR software. Make sure your new ERP solution allows for large volumes of data and can be automated

Fixed Asset Management capabilities

Long Term Care organizations face a significant challenge to track the quantity, condition, location, maintenance and status of their fixed assets. Therefore it is crucial you pick a package that has fixed asset management capabilities fully integrated with your financial package.

Contains Robust Budgeting tools

As your facility grows, you will need sophisticated tools to budget revenue, capital, and payroll, and to compare budget to historical averages. Make sure the solution you select has flexible budgeting tools that can be easily and securely accessed, and can be exported into the reporting formats you need.

Handle Requisitions and Encumbrances

Your facility likely will need to create and track requisitions in your new system.  Make sure your new solution has an approval hierarchy structure, the ability to create management reports to help with commitments and tracking, and integration with Purchasing.

The solution you select must be able to support projected long-term growth as well. Dynamics GP will facilitate faster growth, and is powerful enough to grow with you.

By Intellitec Solutions, Microsoft Dynamics GP Partner serving Pennsylvania