Financial Accounting

Introduction

A leading hospital with multiple branches was struggling with their accounts. Their financial team was not happy with the accounting capability of their hospital management system and the management was not able to retrieve real time financial reports. These problems prevented the hospital management from taking crucial decisions.

To scale up their operations and improvised applications, they have decided to implement SAP B1, but they have already invested and customized their HMS to suit their daily operations. It will be a complex and expensive to implement HMS capability in SAP B1. Therefore, they decided to integrate their HMS with SAP B1 using WBC Transformer.

Challenge

When changing the patient type from cash to credit (Insurance party) at the mid of hospital services, all the existing bill should change to credit for that patient then the same has to book in the TPA account and also the calculated Revenue / TPA balance has to book in the appropriate debtors account.

Solution

We provide the solution through sales module with revenue and collection on top of patient & TPA Head.

Benefits

With our proposed solution, Patient outstanding and TPA outstanding will show separately.

Revenue will recorded separately.

Collections will recorded separately.

Results

Now the finance team can find the revenue, collection and outstanding balance for patient and TPA against group or individual In patient id wise