Billing & Reimbursement Module
In today's economic conditions - financial management is one of the most important practices that a human services organization can be skilled in. With the challenges of accountability and regulations facing today’s nonprofits, having a solid software platform can help to ensure that your organization is fiscally responsible.
But is having just any solid software platform enough? Quickbooks Pro, Peachtree Complete, NetSuite Small Business and Simply Accounting are all fine desktop billing software products that work well - but are they right for you? In addition - many agencies are still unsure as to the best approach for tracking their reimbursement, how to quantify based on fee for service, census or other criteria, how to know if you're on schedule - and whether or not the information sent up the ladder is as accurate as it can be.
It really comes down to your specific needs.
What is FAMCare Financial and why is it different?
You're different and have special needs. You do things in a unique way that no off-the-shelf billing software can accomodate perfectly. You have census reporting and billing needs, as well as service related billing, such as medicaid billing. FAMCare Financial is a powerful tool that is designed with your needs in mind.
The FAMCare Financial Model:
- Documentation of Funding Source During Intake
- Case Note Recording - bill / fee for services provided
- Residential Tracking / Recording - census billing
- Invoice Creation - ongoing invoice creation but not "disbursed"
- Invoice Disbursement - submission of printed and electronic reimbursements
- Tracking of Receivables - manual and automatic tracking of receipts/revenue
- Reporting - sales journal, receipts journal, adjustments journal, aging report, funding source statements
Tracking Vendors and Services
Need to bill a vendor? We can help you set up electronic invoicing and billing. For those clients that have use a third party software program (i.e., Quickbooks) - we can set up a custom case note to track services and a tailored report outlining your billable items and receipts - so you can add the right information back into QB. Need to track emergency allowance funds or temporary assistance for shelter, food and education for your clients? Forms are tailored rapidly within FAMCare, so you can collect just the information you need, in a cost-effective way.
You need a cost-effective financial program that needs to work the way you do, not the other way around. Enter FAMCare Financial. FAMCare Financial is a tailored module that can be included in your FAMCare solution to help you manage your daily financial activities, manage census reporting, master services, placements, services and contracts.
To learn about the ways FAMCare Financial can help you be fiscally responsible, stay on track and transform your agencies "financial" processes - speak to one of our advisors today!