Working within the ever-changing regulations involved in the healthcare industry requires an agile platform that can adapt to the latest compliance rules. This is why solutions which help streamline healthcare practices and the processes that surround them, while also being able to quickly respond to potential market disruption, are needed from ERP platforms in use by healthcare organizations.
NetSuite, a cloud business suite subsidiary of Oracle, recently announced the creation of NetSuite SuiteSuccess Healthcare Edition, a solution that can help healthcare organizations improve business efficiency while also continuing to support Health Insurance Portability and Accountability Act (HIPAA) compliance.
The new solution, currently available in North America, was created to help healthcare organizations quickly get to grips with the latest advances in cloud computing and AI tech. The addition of NetSuite’s processing power can streamline business processes, expand insights, improve decision-making and optimize resource allocation, which altogether serves to improve and enhance patient care.
“Healthcare is one of the biggest, most critical and most complex industries in the world. Oracle is making a significant investment in healthcare to help simplify processes and enhance the patient experience,” said Evan Goldberg, founder and executive vice president, Oracle NetSuite.
“With NetSuite, healthcare organizations can take advantage of an integrated cloud system to help automate and streamline business processes, make more informed decisions and reduce costs, all while addressing HIPAA compliance. As a result, these organizations can do more with less and enable frontline workers to focus on what matters most – delivering high-quality care to their patients.”
SuiteSuccess Healthcare Edition is building on Oracle’s previous foray into the industry; Oracle Health – an open healthcare platform that utilizes data-driven and human-centric healthcare experiences to help connect consumers with the right healthcare knowledge.
NetSuite’s new healthcare solution focuses more on improving operational efficiency for healthcare organizations – an improvement that could have overall benefits for most aspects of the industry. SuiteSuccess Healthcare Edition has a range of pre-configured and pre-defined dashboards, reports, KPIs and workflows. Less time spent on creating or monitoring spreadsheets and workflows means more attention can be given to patient care.
Alongside a collection of pre-configured content to streamline medical admin processes, SuiteSuccess Healthcare Edition can also provide help with financial management and reporting, providing a single, real-time view of the organization. From this single view, clients can see where resources are better allocated while also finding where operational efficiencies can be made.
By providing real-time insight into inventory, it can become much less of a burden to organize. When a reorder process is optimized, it can result in reduced costs and fewer delays as the correct stock can be allocated exactly where it needs to be. Speaking of things being exactly where they need to be, the NetSuite’s asset and lease management capabilities can help healthcare organizations better track, maintain and schedule integral medical devices, ambulances or offices.
Above all else, it is paramount that any digital solutions that enmesh themselves with electronic patient records remain safe, secure and only accessible to the right people. NetSuite’s abilities allow firms to easily control who gets access with role-based access controls and multifactor authentication. The safety measures are further improved with the addition of NetSuite Compliance 360, a means by which healthcare workers can improve customer record visibility for the purposes of HIPAA-related audits and investigations.
The efficacy of NetSuite’s organizational solution is reinforced by its usage from Coastal Care Partners, a Georgia-based healthcare solutions firm that has been able to extend the range of its services by integrating NetSuite’s SuiteSuccess Healthcare Edition.
“NetSuite provides a 360-degree view into our operations, enabling us to streamline business processes and enhance decision-making. With these expanded capabilities and support for HIPAA compliance, we can better protect patient information and ensure first-class care,” said Marlan Powell, VP of finance, Coastal Care Partners.
