ERP Solutions for Healthcare Industry at a Glance

ERP or Enterprise Resource Planning can be defined as a business process management that integrates different departments of an organization like finance, accounting, purchasing, planning, inventory, sales, marketing, human resources, etc... into a single system. Combining all these functions in one place is the most basic level functionality of this software solution. After collecting data from various information sources, it is all stored in a single database.

Why do Hospitals need ERP Solution?

The prime reason for implementing ERP system for any business organization is to increase its operational efficiency; a lack of which will result in losses. Generally speaking, a “loss” is manifested in the form of money or lack thereof. However, in the context of healthcare a ‘loss' is often measured in terms of human lives. That is why it is essential for hospitals to have ERP solution.

Benefits of having ERP System for Hospitals

The following can be regarded as the main benefits of having an ERP System for Hospitals.

●      Departments monitoring

One way in which the operation processes are made more efficient is by exercising greater control over the performance of various departments in a hospital. Since it is now possible to compare and evaluate different departments by their performance, it is easy to understand where the hospital is lacking, also set a standard for, work capacity for each of these departments.

●      Data reporting

Reporting is made much more accessible and efficient with the presence of ERP solution. Different departments of a hospital are now able to collaborate better due to this improved reporting system. Not just that, the quality of data is also improved. The inaccuracy that used to breed earlier due to manual recording does no longer exist. In addition, information is safe and secure, and more importantly, can be relied upon.

Therefore, the main advantage of implementing ERP System for Hospitals is that hospitals will be able to improve the quality of their healthcare. By enhancing the operational efficiency, the cost of operations is reduced, and profits will see a massive surge. This improvement gives Hospitals’ management the ability to provide cost-effective treatments, as a result of which, they can reach a lot more people providing its services.

In the next articles, features and advantages of related and complementary solutions will be introduced including but are not limited to Enterprise Asset Management Solution, Enterprise Service Management (ESM) Solution, Business Intelligence (BI) Solution and more.