In the Medical Clinic space, it is common for companies to struggle with segmented EMR and financials systems, access to meaningful reporting, and capturing of classifications needed for a full 360 business view. Learn more on how Caravel Partners has helped medical clinics with seamless integrations, enhanced business productivity, and building a foundation for future growth and scale.

Industry Highlights & Solutions

Financials.

  • General Ledger
  • Business Segmentation / Classification
  • Revenue Reporting

FP&A.

  • Budgeting
  • CapEx / OpEx Planning
  • Workforce Planning

Invoice to Pay.

  • Vendor Management
  • Vendor Billing & Payments
  • Expense Reporting

Custom Integrations.

  • Seamless EMR / PMS Integration
  • API to API
  • Leverage Middleware Tool(s)

Medical Clinics SuiteBundle

Our Med Clinics SuiteBundle is built directly into NetSuite to supplement the functionality needed to run a clinic or healthcare business.

Implementation of our Medical Clinics SuiteBundle can occur during or post NetSuite base implementation.

Medical Clinics SuiteBundle.

  • Integrated EMR / PMS Platform
  • Strategic Planning
  • Meaningful Financial Reporting – 360° Business View
  • Transaction Classifications – Entity Management Segmentation
  • Single Source of Truth

SuiteBundle Setup & Configuration

Caravel’s NetSuite SuiteBundle for Med Clinics is included in your implementation and is easily configured by our experienced consulting team. Here are some examples of the setup and configuration which is relevant to the medical industry. Click on each picture below to see the full image.

EMR Integrations

EMR Integration

NetSuite has an open API, which means that EMRs / PMSs or proprietary platforms can be integrated in seamlessly. Caravel Partners has leveraged both direct API connections as well as middleware tools to integrate medical clinic’s 3rd parties into NetSuite. For EMRs / PMSs, the leading practice flow is to create revenue journal entries at a summary level — by practice, location, date, service or other reporting metric.

GL Configuration

GL Configuration

NetSuite’s architecture is built for a horizontal and vertical COA. We find medical clinics leveraging segments for practice, doctor, procedure, or other metrics to be tracked from an expense allocation, financial reporting, or budgeting standpoint.

Income Statement

Income Statement in NetSuite

NetSuite reports allow for point and click flexibility for viewing financial data. Reports can be columnized by segment (subsidiary, practice, procedure, location), as well as by accounting period or quarter — this ensures real-time visibility into comparative financials.

“Caravel Partners helped our company to quickly integrate NetSuite into our growing medical practice with seamless integrations that will help us scale for the future.”

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