Automated Financial Reconciliation for Patient Billing:
When a patient invoice is generated in Advanced MD, QuickBooks automatically records the transaction, updating the financial records in real-time. This automation reduces manual data entry, minimizes errors, and ensures accurate financial tracking, enhancing the efficiency of the billing process.
Revenue and Expense Reporting Synchronization:
When financial data such as payments, refunds, or adjustments are updated in Advanced MD, QuickBooks automatically syncs this information to generate up-to-date revenue and expense reports. This integration provides healthcare practices with a comprehensive view of their financial health, enabling informed decision-making and improved financial management.
Automated Payment Reminders and Collection:
When an invoice due date approaches or a payment is overdue in Advanced MD, QuickBooks triggers automated reminders to be sent to patients. This process ensures timely payment collections, reduces outstanding accounts receivable, and improves cash flow management for healthcare practices.
From solo practices, large multi-location clinics and all the way up to NASDAQ-listed digital health companies.