NetSuite Healthcare Accounting Software

NetSuite’s integrated healthcare accounting solution delivers immediate visibility into care costs and revenue, enabling smarter decisions and greater efficiency.

What is NetSuite Healthcare Accounting Software?

NetSuite Healthcare Accounting Software is a unified cloud-based platform designed for hospitals, clinics, medical practices, and healthcare networks. The software integrates accounting, clinical, and operational data to provide real-time financial insights across the organization. Automated features, including billing, revenue tracking, and regulatory monitoring, are purpose-built for healthcare’s distinct needs.

Modernize healthcare finance with smarter accounting tools

Gain financial control

NetSuite Healthcare Accounting Software simplifies financial management, empowering accounting teams to shift from routine bookkeeping to providing strategic financial guidance.

NetSuite Healthcare Accounting Software features

NetSuite Healthcare Accounting Software helps healthcare organizations manage each aspect of their finances, from patient billing and inventory tracking to compliance reporting.

Unified financial management

NetSuite’s general ledger, tax management, account reconciliation, and close tools generate consolidated reporting across clinics, departments, and subsidiaries to give accounting teams complete and reliable financial visibility.

Cash management

Automated accounts payable and receivable features work alongside cash management tools to quickly process invoices, track payments from both patients and insurance companies, and support cash flow management. This accelerates collections while reducing administrative burdens.

Budgeting and forecasting

Advanced budgeting and forecasting capabilities help healthcare providers craft long-term strategies, meet compliance obligations, and adjust budgets to handle changes in funding, grants, reimbursement schedules, and patient volumes.

Patient billing and revenue management

NetSuite’s billing tools manage insurance claims, collections, and self-pay workflows to reduce payment processing errors and delays. These capabilities help providers improve revenue capture across the entire organization, from individual clinics to large hospital networks.

Compliance and security

Healthcare organizations use NetSuite’s automated audit trails, role-based access controls, and data protection features to keep sensitive financial and patient data secure while supporting compliance with HIPAA, GDPR, and other evolving regulations.

Inventory and asset management

NetSuite’s real-time inventory valuation provides accurate financial reporting for medical supplies, while comprehensive asset accounting tools track acquisition costs, depreciation, and the book value of equipment, enhancing financial statement accuracy and audit readiness.

Advanced reporting and analytics

Customizable dashboards and automated reporting provide organizationwide metrics and granular analysis of service lines, care units, and reimbursement models. Track task-relevant key performance indicators like case mix index, average length of stay, and revenue per patient day.

Global business management

NetSuite unifies financial management across facilities and regions through multi-entity consolidation, multicurrency support, and automated intercompany processing. Built-in compliance tools maintain adherence to healthcare regulations and reporting standards. Localized tax features automate region-specific calculations.

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Our ultimate goal is to show insurance companies and government agencies that we’re able to drive down the cost of healthcare with proactive patient services. We selected NetSuite because we are confident it is the right system to deliver those data-driven insights.

Garrett Ewers, CEO, Rejuv Medical

NetSuite Healthcare Accounting Software benefits

Simplified financial processes. NetSuite automates financial workflows, such as data entry, invoice matching, and statement generation, freeing finance teams to focus on strategic analysis.
Real-time visibility and insights. The software’s dashboards provide up-to-date data and actionable insights tailored for revenue teams, medical billers, executives, and other healthcare-specific roles.
Accelerated financial close. Automated journal entries, approvals, transaction matching, and compliance verifications drive faster period-end closes, even across multiple financial entities.
Enhanced revenue management. Advanced billing features shorten revenue cycles, minimize rejected claims, and support healthier cash flows—especially for organizations with multiple payer models.
Scalability. NetSuite’s adaptable infrastructure grows alongside businesses, easily adding new facilities, providers, payers, accounts, and revenue models without disruption.
Robust compliance capabilities. Integrated controls improve regulatory adherence and protect patient privacy, while autogenerated audit trails and compliance documentation enhance transparency.

Challenges NetSuite Healthcare Accounting Software solves

Inefficient manual processes. Redundant, error-prone processes and disconnected systems are replaced by automated workflows and integrated databases.
Rigorous regulatory standards. Complex compliance requirements and data privacy concerns are addressed through built-in HIPAA alignment and secure access controls.
High costs. Mounting material costs and administrative expenses that squeeze margins are countered by tight procurement, budgeting, and payment controls.
Complex claims management. Automated workflows integrated with accounting and revenue cycle management eliminate error-prone manual claims processes, accelerating payments and improving revenue recognition.
Data silos and operational visibility. Financial data integration breaks down departmental silos and connects disparate systems to provide organizationwide visibility.

SuiteSuccess – Your proven path to success

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

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How much does NetSuite Healthcare Accounting Software cost?

Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

Netsuite Healthcare Accounting Software is available as an add-on module.

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