The decision to buy or upgrade an ERP system –such as Microsoft Dynamics GP – is never an easy one for any company. It can be especially true in the Long-Term Care industry, where the existing accounting system may be old, and as such, deciding what is needed in a new solution may be difficult. Here are 5 things a Long-Term Care Facility should look for when purchasing new software:
Flexible chart of accounts structure to meet reporting requirements
Make sure the system you implement allows for flexibility as your organization grows. How you structure your chart of accounts will ultimately decide how you report data, so it is crucial that you are not locked into a system that does not account for growth. This will also allow you to more easily respond to changes in Medicare and Medicaid reporting.
