What is the best ERP software for healthcare? Healthcare Industry ERP

What are the best ERP systems for the healthcare industry and which ERP systems are used by companies in the healthcare industry?

In this article, we'll review some of the key ERP requirements for healthcare companies and review some of the most popular and effective ERP systems for healthcare companies such as hospitals, private healthcare institutions and more.

If you are currently evaluating ERP software and systems for the healthcare industry, then use our ERP requirements template to accelerate your ERP requirements process.

ERP Modules & Functionality for the Healthcare Industry

Which ERP modules do healthcare companies use? What are some of the key ERP requirements and functionality for healthcare companies?

Financial Management & Accounting

Procurement

Healthcare companies need to have strong capabilities around procurement to ensure efficient spend management, profitability, compliance and maintain sufficient levels of stock. ERP software for healthcare enables you to put in place strict rules around procurement and approval matrixes.

Planning 

Healthcare companies rely on strong planning capabilities to manage all aspects of their business from financial planning through to supply chain and beyond. The best healthcare ERP software allows your business to become more data driven by using data from across the business or organization to plan effectively. 

Human Resources

People are a huge component of every healthcare business and increasingly, healthcare companies need to be able to recruit, retain and then efficiently operationalise their people in a self serve manner. Increasingly, we see healthcare companies looking for integrated HR and ERP software that links financial and human resource data together in one interface and workflow. 

Benefits of Healthcare Industry ERP Software

What are the benefits of ERP to companies in the healthcare industry, such as hospitals, private healthcare institutions and more? Why do healthcare companies evaluate and implement ERP software?

Compliance

The healthcare is under regular scrutiny to comply with regulations ranging from data protection to careful treatment of controlled substances and more. ERP software for the healthcare industry is a crucial part of your compliance strategy and can enable your healthcare company to enforce and measure compliance in multiple ways.

Efficiency

Healthcare ERP systems can boost efficiencies by automating redundant manual administrative tasks such as data entry, invoice matching, report building and beyond. This can have huge savings, enabling your resources to be used for value add tasks.

Visibility

Healthcare companies use a multitude of different systems from CRM and patient management software to asset management tools and beyond. ERP software can enable your healthcare company to increase visibility over your healthcare industry organization, helping you to identify bottle necks and process inefficiencies before they become a problem.

Best ERP Software for Healthcare

Which are some of the most popular ERP systems in the healthcare industry? Let's review some of the top enterprise resource planning for healthcare industry choices:

Workday

Workday is a top-rated Cloud financial & human resources management software solution for the healthcare industry. 

Oracle Netsuite

Oracle Netsuite is a Cloud ERP software used by many healthcare companies. 

Sage Intacct

Sage Intacct is a powerful Cloud financial management suite for small to medium sized healthcare companies.

SAP Business ByDesign

Microsoft Dynamics