Best ERP Software for Healthcare
Which ERP systems are used by hospitals, private healthcare companies and healthcare providers? What are the best healthcare ERP systems?
At ERP Research we provide independent advice and analysis for healthcare ERP systems.
Top 10 ERP Software for Healthcare Report
Compare the Top 10 ERP systems for the healthcare industry in our independent report. We compare the best ERP solutions for healthcare companies including Netsuite, SAP, Oracle, Workday, Microsoft, Odoo and more.
Best Healthcare ERP for Small & Midsized Businesses
ERP software for small ecommerce companies needs to cater for flexibility and growth, whilst keeping costs as low as possible. Which are some of the most popular ERP systems for small and medium sized healthcare businesses?
Oracle Netsuite has been selected as the chosen ERP solution of many small and midsized healthcare companies. Netsuite ERP features integrated capabilities for healthcare companies including finance, human resources, billing, asset management and CRM and sales order management.
SAP Business ByDesign
SAP Business ByDesign is a Cloud ERP solution which is used by many companies in the healthcare industry. With strong integrated functionality plus localizations in more than 80 countries, SAP Business ByDesign caters for growing healthcare companies without huge investment.
Sage Intacct is well suited to organizations in the healthcare space due to its focus on billing and people centric business processes. As a Cloud ERP solution, Sage Intacct provides financial management, billing and human resources with a low up front investment.
SAP Business One
SAP Business One has been selected as the chosen ERP solution of many small and midsized healthcare companies. SAP Business One ERP features integrated capabilities for healthcare companies including finance, human resources, billing, asset management and CRM and sales order management.
Odoon is a Cloud ERP solution which is used by many companies in the healthcare industry. With strong integrated functionality plus localizations in more than 80 countries, Odoo caters for growing healthcare companies without huge investment.
Acumatica is well suited to organizations in the healthcare space due to its focus on billing and people centric business processes. As a Cloud ERP solution, Acumatica provides financial management, billing and human resources with a low up front investment.
Best Healthcare ERP for Growing & Large Enterprises
ERP for healthcare companies that are already well established brings more functionality and greater flexibility. Below are popular ERP systems for pharmaceutical companies that are matured:
Workday has become a popular choice for large and growing healthcare organizations looking for ERP capabilities including billing, financial management and best of breed human resources in one place. The vendor focusses on customer satisfaction and a slick user interface.
Microsoft Dynamics 365
Microsoft has heavily invested in its Healthcare Industry Cloud in recent years and this extends the core capabilities of Microsoft Dynamics 365 to add healthcare industry specific capabilities to its ERP offering which covers sales, finance, operations, service and more.
Oracle ERP Cloud
Oracle ERP Cloud is used by some of the largest and longest standing healthcare organizations in the world to manage the back office of their organizations including accounting & financials, human resources and more in one integrated Cloud ERP platform with healthcare specific capabilities.
SAP S/4 HANA
SAP S/4 HANA is a popular healthcare ERP solution for large and growing healthcare organizations from hospitals to private healthcare companies and beyond. This Healthcare ERP solution is expandable with HRIS, CX and supply chain modules.
NetSuite can be used as a healthcare ERP (Enterprise Resource Planning) by providing a comprehensive suite of software solutions that are designed to meet the needs of healthcare organizations. The system can be customized to handle different aspects of healthcare operations such as patient care, supply chain management, financial management, and regulatory compliance.
Here are some ways that NetSuite can be used as a healthcare ERP:
Patient Management: NetSuite can be used to manage patient information, including demographics, medical history, insurance, and billing. The system can also be integrated with electronic health records (EHRs) and other clinical systems to provide a complete view of patient data.
Supply Chain Management: NetSuite can be used to manage inventory, purchasing, and supplier relationships. The system can help healthcare organizations track and manage medical supplies, equipment, and pharmaceuticals.
Financial Management: NetSuite can be used to manage financial transactions, including billing and invoicing, accounts receivable and payable, and financial reporting. The system can also help healthcare organizations manage budgets, expenses, and revenue.
Regulatory Compliance: NetSuite can be used to manage compliance with regulatory requirements such as HIPAA, FDA regulations, and other healthcare regulations. The system can help healthcare organizations ensure that they are meeting regulatory requirements and avoid costly fines and penalties.
Analytics and Reporting: NetSuite can be used to generate reports and analytics on key performance indicators (KPIs) such as patient outcomes, financial performance, and operational efficiency. The system can help healthcare organizations identify areas for improvement and make data-driven decisions.
Sage Intacct is a cloud-based ERP software that can be used in the healthcare industry to manage financial and operational processes. Here are some of the ways in which Sage Intacct can be used as a healthcare ERP:
Financial Management: Sage Intacct can be used to manage financial transactions such as accounts payable, accounts receivable, general ledger, and financial reporting. It can also help healthcare organizations with budgeting, forecasting, and cash management.
Inventory Management: Sage Intacct can help healthcare organizations manage their inventory of medical supplies, drugs, and other consumables. It can help with tracking inventory levels, ordering supplies, and managing vendor relationships.
Revenue Management: Healthcare organizations can use Sage Intacct to manage revenue from insurance companies and patients. The software can help with managing claims, processing payments, and generating invoices.
Patient Management: Sage Intacct can be used to manage patient data such as medical history, demographics, and insurance information. It can help healthcare organizations with appointment scheduling, patient billing, and patient communication.
Compliance: Sage Intacct can help healthcare organizations comply with regulations such as HIPAA, which protects patient privacy and security. The software can help with managing access to patient data, maintaining audit trails, and generating compliance reports.
SAP Business One
SAP Business One is a powerful Enterprise Resource Planning (ERP) system that can be customized and adapted to meet the needs of many industries, including healthcare. Here are some ways in which SAP Business One can be used as a healthcare ERP:
Patient Management: SAP Business One can be used to manage patient data, such as personal information, medical history, and treatment plans. This data can be accessed by healthcare professionals at any time, allowing for more coordinated and efficient care.
Supply Chain Management: SAP Business One can be used to manage the supply chain for healthcare facilities, including procurement, inventory management, and distribution. This helps to ensure that medical supplies and equipment are available when needed and reduces waste and costs.
Financial Management: SAP Business One can be used to manage the financial aspects of healthcare organizations, including billing and invoicing, accounts receivable and payable, and financial reporting. This helps to streamline financial processes and improve the accuracy of financial data.
Quality Management: SAP Business One can be used to manage quality control processes, including regulatory compliance, risk management, and quality assurance. This helps to ensure that healthcare organizations are providing high-quality care that meets regulatory requirements.
Data Analytics: SAP Business One can be used to collect and analyze data from various sources, including patient records, financial data, and supply chain data. This helps healthcare organizations to identify trends and opportunities for improvement, and to make data-driven decisions that improve patient outcomes and reduce costs.
Workday is a cloud-based enterprise resource planning (ERP) system that can be used in healthcare to manage various aspects of the organization, including human resources, finance, supply chain, and operations. Here are some ways in which Workday can be used as a healthcare ERP:
Human Resources Management: Workday can be used to manage employee data, including their work schedules, performance evaluations, training, and payroll. This can help healthcare organizations ensure compliance with labor laws and regulations, as well as manage their workforce more efficiently.
Financial Management: Workday can help healthcare organizations manage their finances, including accounts payable, accounts receivable, general ledger, and budgeting. This can help organizations track their expenses, revenue, and financial performance, and make data-driven decisions to improve their financial health.
Supply Chain Management: Workday can be used to manage the procurement and inventory of medical supplies, equipment, and pharmaceuticals. This can help healthcare organizations streamline their supply chain processes, reduce waste and costs, and ensure that they have the necessary resources to provide quality care.
Patient Data Management: Workday can be used to manage patient data, including electronic medical records (EMRs), patient demographics, and clinical documentation. This can help healthcare organizations improve the quality of care they provide, as well as comply with regulatory requirements related to data privacy and security.
Analytics and Reporting: Workday can provide healthcare organizations with real-time analytics and reporting capabilities, allowing them to monitor their operations, track key performance indicators (KPIs), and identify areas for improvement. This can help organizations optimize their processes, reduce costs, and provide better care to their patients.
Oracle ERP Cloud
Oracle ERP Cloud is a versatile enterprise resource planning (ERP) system that can be used in various industries, including healthcare. When it comes to using Oracle ERP Cloud as a medical ERP, there are a few key features and functions that can be leveraged to streamline operations and improve patient care.
Electronic Health Records (EHR) Integration: Oracle ERP Cloud can integrate with various EHR systems to provide a comprehensive view of patient data, including medical history, lab results, and prescriptions. This integration allows for better decision-making, improved patient safety, and increased efficiency.
Supply Chain Management: Healthcare facilities rely heavily on supplies, equipment, and pharmaceuticals. Oracle ERP Cloud can be used to manage inventory, track orders, and automate procurement, which can reduce waste, lower costs, and ensure that the right supplies are available when needed.
Financial Management: Healthcare facilities must manage complex billing and reimbursement processes. Oracle ERP Cloud can be used to automate these processes, manage financial transactions, and provide real-time financial insights to improve decision-making.
Human Resource Management: Healthcare facilities require a large and diverse workforce. Oracle ERP Cloud can be used to manage employee information, track attendance and performance, and ensure compliance with regulations.
Project Management: Healthcare facilities often have ongoing projects, such as implementing new technology or building new facilities. Oracle ERP Cloud can be used to manage these projects, including budgeting, scheduling, and resource allocation.
Healthcare ERP Project Resources & Templates
ERP Implementation Project Plan Example
Plan your Healthcare ERP project with our ERP project plan example.
ERP Requirements Gathering (RFI, RFP) Template Excel
Start your ERP evaluation process with our RFI & RFP Excel template for the engineering industry.
ERP Project Budget Calculator Template
Calculate the costs of your ERP project with our prebuilt budget calculator.
Top Healthcare ERP Modules
ERP systems for healthcare companies should allow you to reap many benefits, including unification of your front and back office processes:
Accounting and Financials
Ensure profitability across your facilities and brands by integrating core financials and accounting with your healthcare ERP modules.
Ensure spend compliance and economies of scale with ERP for the healthcare industry procurement modules.
Manage assets across your healthcare organization, whether fixed assets or by leveraging IoT within your healthcare ERP system.
Monitor stock and inventory across multiple locations and perform real time valuations in healthcare ERP software.
Reporting and dashboards
Get a consolidated picture of your healthcare organization with inbuilt reporting & analytics for your healthcare ERP solution.
Monitor and control the lifecycle of medicines and other regulated products and services with traceability functionality in your healthcare ERP.
Automate expenses requisitions and approvals for your sales team or R&D team within your ERP system.
Review your customer service history and provide better cross-selling, up-selling and post-sale customer support to help deliver products more accurately.
Track & plan sales pipeline, score leads, prospects and forecast opportunities in real-time across territories, accounts and teams.
Integrate your production processes if your healthcare organization engages in manufacturing or reworks, right in your ERP solution.
Flexible ERP software that's built on an open and extensible foundation, allowing you to choose the features that suit your business needs.
Access your ERP data at any time so you're more available to customers and take advantage of unexpected opportunities as they surface.
Updates and maintenance
Backed by the consistency of market-leading vendors, ERP software regularly updates to ensure an optimal user experience.
Connects customers, partners, and employees through real-time digital relationships to improve the way you do business.
Frequently Asked Healthcare ERP Questions
What is Healthcare ERP?
Healthcare ERP systems are used by hospitals, clinics, private healthcare institutions and healthcare and wellbeing providers. Healthcare ERP software typically provides a mixture of functionalities and ERP modules which can include financial management and accounting, procurement, human resources, sales and billing, asset management, business analytics and reporting, data management, integration management, robotic process automation, clinical management, patient management and much more.
Healthcare ERP systems typically cater for the very specific needs of healthcare companies, including:
Compliance with regulations: Healthcare companies must comply with numerous regulations, such as HIPAA, FDA, and Medicare. ERP systems designed for healthcare must support compliance with these regulations by providing built-in controls, audit trails, and reporting.
Management of patient data: Healthcare companies must manage vast amounts of patient data, including medical records, insurance information, and billing information. ERP systems for healthcare must provide robust security controls to protect patient data, as well as features for managing patient data across the organization.
Integration with clinical systems: Healthcare companies use a variety of clinical systems, such as electronic health records (EHRs), laboratory information systems (LISs), and picture archiving and communication systems (PACS). ERP systems for healthcare must be able to integrate with these clinical systems to provide a seamless experience for healthcare providers.
Billing and reimbursement management: Healthcare companies must manage billing and reimbursement processes for patients, insurers, and government programs. ERP systems for healthcare must provide robust features for managing these processes, including accurate tracking of charges, payments, and claims.
Resource management: Healthcare companies must manage resources such as equipment, facilities, and staff. ERP systems for healthcare must provide features for managing resource allocation, utilization, and scheduling.
What is the best ERP for Healthcare companies?
Healthcare ERP systems are becoming increasingly popular and therefore a number of ERP vendors provide ERP for healthcare, including SAP, Oracle, Workday, Netsuite, Sage and more. Determining the best healthcare ERP system can take time, but to get started, review our best ERP for healthcare highlights above.
How does ERP software help Healthcare companies?
Healthcare ERP systems enable those in the hospital and medical space to run their businesses more efficiently by streamlining business processes. This is done chiefly by putting all core business data and processes into one ERP system for the healthcare industry.
How much does Healthcare industry ERP cost?
Healthcare ERP software has multiple costs including healthcare ERP license costs, implementation and support. The cost of healthcare ERP will depend on which ERP software you select as well as your implementation scope, business size and complexity. Costs can start at anywhere from $10,000 to $10M for larger healthcare institutions. Once your healthcare ERP system has been implemented you also need to consider ongoing costs which can include internal support costs and support costs to ERP implementation partners for support and maintenance.
How long does it take to implement healthcare ERP?
Implementing healthcare ERP can take anywhere from 6 weeks to several years. This often depends on the size of your healthcare company, the healthcare ERP you choose, the scope of your project and other complexities.
Find & Compare ERP Software for the Healthcare Industry
Use our free tool to find and compare the market leading ERP software and solutions for pharmaceuticals. See how ERP system solutions including Netsuite, Epicor, Infor & SAP stack up against the competition.