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 a...