FINANCE MANAGEMENT

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ORMED MIS™

Finance Management for Healthcare

Accounts Receivable

Designed to consolidate invoicing and billing for multiple entities while allowing for remote cash receipts and reporting, Ormed Accounts Receivable software is designed specifically for healthcare, with many of the idiosyncrasies common to healthcare already built-in and fully automated.

For example:

• Detailed user setup tables let you automate all accounting transactions based on what is purchased, who it is purchased by, which department provides the service, and/or who is responsible for paying the bill.
• Trust Accounting allows you to set up multiple trust accounts that track everything from personal valuables to cash balances and recurring charges for your residents.
• Cash Management tools give you total control over day-to-day cash transactions in multiple locations across your organization.

Add the tracking and maintenance of multiple AR accounts that link directly to your GL, and these mini-subsystems within your AR subsystem give you complete control of your revenue, receivable, and receipt cycle, no matter how you choose to organize your business.

The comprehensive Ormed Accounts Receivable solution includes the following modules:

Manager
Client Invoicing
Cash Receipts
Activity Entry
Reporting
Cash Management
Trust Accounting

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Product Datasheets

Ormed software allowed Northern Health to consolidate multiple sites and multiple finance departments to generate savings in administration costs and to bring in standard accounting processes throughout the organization.

Barry Cheal,
CFO and Vice
President Corporate Services