Quick Overview
- 1#1: Epic Systems - Delivers integrated revenue cycle management, billing, and financial reporting seamlessly within its comprehensive EHR platform for hospitals.
- 2#2: Oracle Health - Provides end-to-end revenue cycle, financial management, and analytics solutions optimized for large-scale hospital operations.
- 3#3: MEDITECH - Offers a fully integrated hospital information system with advanced financial accounting, billing, and cost management features.
- 4#4: FinThrive - Specializes in revenue cycle management software that streamlines hospital billing, claims processing, and financial performance.
- 5#5: athenahealth - Cloud-based platform for revenue cycle management, patient billing, and financial analytics tailored to healthcare providers including hospitals.
- 6#6: Infor CloudSuite Healthcare - Enterprise resource planning software with healthcare-specific financial management, supply chain, and accounting modules for hospitals.
- 7#7: SAP S/4HANA for Healthcare - Robust ERP system providing real-time financial accounting, revenue management, and compliance tools for hospital enterprises.
- 8#8: Workday - Cloud financial management platform with adaptive planning and analytics customized for healthcare organizations like hospitals.
- 9#9: Oracle NetSuite - Scalable cloud ERP with healthcare templates for general ledger, billing, and financial reporting in mid-sized hospitals.
- 10#10: Strata Decision Technology - Healthcare-focused financial planning, performance analytics, and decision support software for hospital cost management and budgeting.
We evaluated tools based on functionality (including revenue cycle management and compliance), user experience, scalability, and value, prioritizing those that deliver robust, industry-specific features for diverse hospital environments
Comparison Table
Hospital accounting software plays a critical role in managing financial operations, and choosing the right tool depends on specific needs. This comparison table includes top solutions such as Epic Systems, Oracle Health, MEDITECH, FinThrive, athenahealth, and more, guiding readers to key features and suitability. Readers will learn about core functionalities, integration capabilities, and how each tool aligns with different hospital sizes or specialties.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Epic Systems Delivers integrated revenue cycle management, billing, and financial reporting seamlessly within its comprehensive EHR platform for hospitals. | enterprise | 9.6/10 | 9.8/10 | 6.9/10 | 8.7/10 |
| 2 | Oracle Health Provides end-to-end revenue cycle, financial management, and analytics solutions optimized for large-scale hospital operations. | enterprise | 8.7/10 | 9.3/10 | 7.1/10 | 8.0/10 |
| 3 | MEDITECH Offers a fully integrated hospital information system with advanced financial accounting, billing, and cost management features. | enterprise | 8.2/10 | 8.8/10 | 7.1/10 | 7.6/10 |
| 4 | FinThrive Specializes in revenue cycle management software that streamlines hospital billing, claims processing, and financial performance. | specialized | 8.4/10 | 8.7/10 | 7.9/10 | 8.2/10 |
| 5 | athenahealth Cloud-based platform for revenue cycle management, patient billing, and financial analytics tailored to healthcare providers including hospitals. | enterprise | 8.2/10 | 8.7/10 | 7.6/10 | 7.4/10 |
| 6 | Infor CloudSuite Healthcare Enterprise resource planning software with healthcare-specific financial management, supply chain, and accounting modules for hospitals. | enterprise | 8.2/10 | 9.0/10 | 7.4/10 | 7.8/10 |
| 7 | SAP S/4HANA for Healthcare Robust ERP system providing real-time financial accounting, revenue management, and compliance tools for hospital enterprises. | enterprise | 8.2/10 | 9.1/10 | 6.4/10 | 7.3/10 |
| 8 | Workday Cloud financial management platform with adaptive planning and analytics customized for healthcare organizations like hospitals. | enterprise | 8.1/10 | 8.4/10 | 7.7/10 | 7.5/10 |
| 9 | Oracle NetSuite Scalable cloud ERP with healthcare templates for general ledger, billing, and financial reporting in mid-sized hospitals. | enterprise | 8.1/10 | 8.5/10 | 7.2/10 | 7.5/10 |
| 10 | Strata Decision Technology Healthcare-focused financial planning, performance analytics, and decision support software for hospital cost management and budgeting. | specialized | 8.1/10 | 9.0/10 | 7.4/10 | 7.7/10 |
Delivers integrated revenue cycle management, billing, and financial reporting seamlessly within its comprehensive EHR platform for hospitals.
Provides end-to-end revenue cycle, financial management, and analytics solutions optimized for large-scale hospital operations.
Offers a fully integrated hospital information system with advanced financial accounting, billing, and cost management features.
Specializes in revenue cycle management software that streamlines hospital billing, claims processing, and financial performance.
Cloud-based platform for revenue cycle management, patient billing, and financial analytics tailored to healthcare providers including hospitals.
Enterprise resource planning software with healthcare-specific financial management, supply chain, and accounting modules for hospitals.
Robust ERP system providing real-time financial accounting, revenue management, and compliance tools for hospital enterprises.
Cloud financial management platform with adaptive planning and analytics customized for healthcare organizations like hospitals.
Scalable cloud ERP with healthcare templates for general ledger, billing, and financial reporting in mid-sized hospitals.
Healthcare-focused financial planning, performance analytics, and decision support software for hospital cost management and budgeting.
Epic Systems
enterpriseDelivers integrated revenue cycle management, billing, and financial reporting seamlessly within its comprehensive EHR platform for hospitals.
End-to-end revenue cycle management tightly integrated with clinical workflows for superior claim accuracy and cash flow optimization
Epic Systems provides a comprehensive electronic health record (EHR) platform with integrated hospital accounting and financial management modules, handling revenue cycle management, billing, claims processing, general ledger, and financial reporting. Designed specifically for large healthcare organizations, it ensures seamless data flow between clinical operations and financial functions to optimize revenue capture and compliance. As the market leader, Epic's financial suite supports complex hospital accounting needs with robust automation and analytics.
Pros
- Deep integration between EHR and financial systems for real-time data accuracy
- Highly scalable and customizable for enterprise-level hospitals
- Advanced analytics, reporting, and compliance tools tailored to healthcare regulations
Cons
- Extremely high upfront implementation costs and lengthy deployment (often 2-5 years)
- Steep learning curve requiring extensive training and customization
- Vendor lock-in with limited interoperability outside the Epic ecosystem
Best For
Large hospitals and multi-facility health systems needing a fully integrated EHR and accounting platform.
Pricing
Custom enterprise licensing; implementation often exceeds $100M for large systems, with annual maintenance fees of 15-20% of initial cost.
Oracle Health
enterpriseProvides end-to-end revenue cycle, financial management, and analytics solutions optimized for large-scale hospital operations.
AI-powered revenue cycle management that unifies claims processing, denial prediction, and cash flow optimization across clinical and financial data.
Oracle Health is a comprehensive cloud-based platform offering integrated financial and accounting solutions tailored for healthcare organizations, including hospitals. It provides robust modules for general ledger, accounts payable/receivable, revenue cycle management, cost accounting, and financial reporting with healthcare-specific compliance features like HIPAA and Medicare reimbursement tracking. The system leverages AI and analytics for predictive financial insights and seamless integration with EHR and operational systems to streamline hospital accounting processes.
Pros
- Enterprise-grade scalability for large hospital networks
- Advanced AI-driven revenue cycle and financial analytics
- Deep integration with clinical and supply chain systems
Cons
- Complex implementation and steep learning curve
- High upfront and ongoing costs
- Limited flexibility for small hospitals without customization
Best For
Large hospital systems and health networks requiring a fully integrated ERP for financial management alongside clinical operations.
Pricing
Custom enterprise licensing with subscription pricing; typically $500K+ annually for mid-sized implementations, scaling with users and modules—contact sales for quotes.
MEDITECH
enterpriseOffers a fully integrated hospital information system with advanced financial accounting, billing, and cost management features.
Patient Financials module that automatically reconciles clinical charges with billing for real-time revenue accuracy
MEDITECH offers a comprehensive EHR platform with integrated financial and accounting modules tailored for hospitals, including general ledger, accounts payable/receivable, payroll, budgeting, and revenue cycle management. These tools ensure compliance with healthcare regulations like HIPAA and support complex billing for inpatient and outpatient services. As a full-suite solution, it streamlines financial operations while linking them directly to clinical data for improved accuracy and efficiency.
Pros
- Deep integration with EHR for seamless revenue cycle management
- Robust healthcare-specific compliance and reporting tools
- Scalable for large hospital networks with proven reliability
Cons
- Steep learning curve and outdated user interface in some modules
- High implementation costs and long deployment times
- Limited flexibility for non-standard customizations without vendor support
Best For
Large hospitals and health systems seeking an all-in-one EHR and financial platform with strong regulatory compliance.
Pricing
Enterprise licensing with custom pricing starting at $1M+ annually, based on hospital size, modules, and implementation services.
FinThrive
specializedSpecializes in revenue cycle management software that streamlines hospital billing, claims processing, and financial performance.
AI-powered Revenue Cycle Analytics that predicts denials and identifies revenue opportunities in real-time
FinThrive offers a comprehensive revenue cycle management (RCM) platform with robust hospital accounting capabilities, including patient accounting, general ledger, accounts payable/receivable, and financial reporting tailored for healthcare providers. It integrates seamlessly with EHR systems to automate billing, claims management, and cash flow optimization. The software emphasizes data analytics for revenue integrity and compliance, helping hospitals reduce denials and accelerate reimbursements.
Pros
- Integrated RCM and accounting modules streamline hospital financial workflows
- Advanced analytics for revenue leakage prevention and forecasting
- Scalable for enterprise-level hospitals with proven healthcare-specific compliance
Cons
- Complex implementation process requiring significant IT resources
- High cost structure may overwhelm smaller facilities
- Steep learning curve for non-technical staff
Best For
Mid-to-large hospitals seeking an end-to-end RCM and accounting solution to maximize revenue recovery.
Pricing
Custom enterprise pricing via quote; typically subscription-based starting at $500K+ annually plus implementation fees, scaled by hospital size and modules.
athenahealth
enterpriseCloud-based platform for revenue cycle management, patient billing, and financial analytics tailored to healthcare providers including hospitals.
AI-enhanced Revenue Intelligence powered by the 'More Athena' network for predictive denial management and revenue forecasting
athenahealth is a cloud-based healthcare IT platform offering integrated electronic health records (EHR), practice management, and revenue cycle management (RCM) solutions designed for hospitals and ambulatory practices. For hospital accounting, it excels in automating billing, claims processing, payment posting, denial management, and financial reporting, ensuring seamless integration between clinical and financial data. The system leverages AI-driven insights and a vast provider network to optimize revenue capture and compliance with healthcare regulations.
Pros
- Robust revenue cycle management with AI-powered denial prevention and claims scrubbing
- Seamless integration of EHR and financial tools for accurate billing and reporting
- Cloud-based platform with real-time analytics and scalability for growing hospitals
Cons
- High implementation costs and lengthy onboarding process
- Steep learning curve for non-technical staff
- Limited customization options compared to enterprise competitors
Best For
Mid-to-large hospitals needing an all-in-one EHR and accounting solution with strong revenue optimization.
Pricing
Custom quote-based pricing, typically $300+ per provider/month plus implementation fees starting at $50,000+.
Infor CloudSuite Healthcare
enterpriseEnterprise resource planning software with healthcare-specific financial management, supply chain, and accounting modules for hospitals.
Healthcare-optimized revenue cycle management with predictive reimbursement analytics
Infor CloudSuite Healthcare is a comprehensive cloud-based ERP suite tailored for healthcare providers, offering robust accounting and financial management modules for hospitals. It handles core functions like general ledger, accounts payable/receivable, budgeting, and cost accounting, with healthcare-specific features such as revenue cycle management and payer contract modeling. The solution integrates with clinical systems to support compliance, reporting, and financial optimization in complex hospital environments.
Pros
- Deep healthcare-specific financial tools including revenue cycle and cost allocation
- Scalable for large hospitals with strong integration to EHR and supply chain systems
- Advanced analytics and compliance reporting for regulatory requirements
Cons
- Complex implementation and steep learning curve for non-expert users
- High customization needs and costs for optimal deployment
- Interface feels dated compared to modern SaaS alternatives
Best For
Large hospitals and health systems needing enterprise-grade, industry-specific accounting integrated with broader ERP functions.
Pricing
Custom enterprise subscription pricing, typically starting at $100,000+ annually based on modules, users, and organization size.
SAP S/4HANA for Healthcare
enterpriseRobust ERP system providing real-time financial accounting, revenue management, and compliance tools for hospital enterprises.
Healthcare-optimized revenue cycle management with embedded payer contract simulation and real-time claims analytics
SAP S/4HANA for Healthcare is a comprehensive ERP platform designed specifically for healthcare providers, offering advanced hospital accounting features like general ledger management, accounts payable/receivable, cost accounting, and revenue cycle management tailored to hospital operations. It leverages the in-memory HANA database for real-time financial reporting, analytics, and compliance with healthcare regulations such as HIPAA and payer contract management. The solution integrates seamlessly with clinical systems, patient administration, and supply chain modules to streamline financial workflows in complex healthcare environments.
Pros
- Robust healthcare-specific financial modules including patient billing and insurance claims processing
- Real-time analytics and AI-driven insights via HANA database for proactive financial decision-making
- Scalable integration with other SAP modules and third-party clinical systems
Cons
- Steep learning curve and lengthy implementation requiring specialized consultants
- High upfront and ongoing costs unsuitable for smaller hospitals
- Overly complex customization for basic accounting needs
Best For
Large hospitals and multi-site healthcare systems needing enterprise-grade, integrated financial management with deep industry compliance.
Pricing
Enterprise licensing model with custom quotes; typically $150,000+ annually for mid-sized deployments, plus implementation fees often exceeding $1M.
Workday
enterpriseCloud financial management platform with adaptive planning and analytics customized for healthcare organizations like hospitals.
Prism Analytics for healthcare-specific benchmarking and predictive financial insights
Workday is a cloud-based enterprise platform providing comprehensive financial management for large organizations, including hospitals, with modules for general ledger, accounts payable/receivable, procurement, expenses, and financial reporting. It supports healthcare through Workday Healthcare extensions, offering revenue cycle insights, analytics, and integration with HR for workforce management. While robust for enterprise-scale accounting, it requires configuration for hospital-specific needs like patient billing and regulatory compliance.
Pros
- Unified finance, HR, and analytics platform reduces silos
- Real-time reporting and AI-driven insights for financial forecasting
- Highly scalable with strong security and compliance features
Cons
- Expensive implementation and ongoing costs
- Not natively optimized for complex hospital revenue cycle management
- Steep learning curve and requires extensive customization
Best For
Large hospitals and health systems needing integrated enterprise financials alongside HR and operations.
Pricing
Subscription-based enterprise pricing, often $150-300+ per user/month plus multi-million-dollar implementation fees.
Oracle NetSuite
enterpriseScalable cloud ERP with healthcare templates for general ledger, billing, and financial reporting in mid-sized hospitals.
SuiteAnalytics with real-time, AI-driven financial insights and customizable dashboards for hospital revenue cycle monitoring
Oracle NetSuite is a cloud-based ERP platform offering comprehensive financial management tools that can be adapted for hospital accounting needs, including general ledger, accounts payable/receivable, revenue recognition, and financial reporting. It supports complex billing and revenue cycle management through customizations and integrations with healthcare systems, providing real-time analytics and scalability for large organizations. While not natively tailored for hospitals, its flexibility allows compliance with standards like HIPAA via add-ons, making it suitable for enterprise-level healthcare financial operations.
Pros
- Highly scalable for large hospital networks with multi-entity support
- Real-time dashboards and advanced financial analytics
- Extensive customization and integration capabilities with healthcare systems
Cons
- Steep learning curve and lengthy implementation (6-12 months typical)
- Requires add-ons or custom development for full HIPAA and healthcare-specific compliance
- Premium pricing not ideal for smaller hospitals
Best For
Large hospital systems or healthcare enterprises needing an integrated ERP beyond basic accounting, combining financials with supply chain and CRM.
Pricing
Quote-based; typically $999-$2,000+ per user/month for full ERP suite, plus $50,000-$500,000+ in implementation fees.
Strata Decision Technology
specializedHealthcare-focused financial planning, performance analytics, and decision support software for hospital cost management and budgeting.
Healthcare-optimized profitability engine with real-time margin analysis and pre-built KPIs
Strata Decision Technology offers a cloud-based financial planning and analytics platform tailored for healthcare organizations, particularly hospitals, enabling strategic decision-making through budgeting, forecasting, and profitability analysis. It integrates with EHR systems and provides real-time insights into cost management, revenue cycle performance, and margin optimization. While not a traditional accounting ERP, it excels in financial performance tools to support hospital accounting teams in data-driven fiscal strategies.
Pros
- Healthcare-specific models and benchmarks for accurate hospital financial forecasting
- Robust analytics for profitability and cost management
- Seamless integration with major EHR and financial systems
Cons
- Steep learning curve due to complex interface
- High implementation and subscription costs
- Focuses more on analytics than core transactional accounting like AP/AR/GL
Best For
Mid-to-large hospitals and health systems requiring advanced financial planning and performance analytics beyond basic accounting software.
Pricing
Custom enterprise pricing; annual subscriptions typically range from $150,000 to $500,000+ based on modules, users, and organization size.
Conclusion
The top hospital accounting software options emphasize tailored solutions, with Epic Systems emerging as the leading choice for its seamless integration of revenue cycle management, billing, and financial reporting within a comprehensive EHR platform. Oracle Health and MEDITECH stand out as strong alternatives, catering to large-scale operations and fully integrated systems respectively, each providing distinct value to meet varied organizational needs.
Elevate your hospital's financial operations by starting with the top-ranked tool, Epic Systems, and experience optimized efficiency in revenue cycle and financial management.
Tools Reviewed
All tools were independently evaluated for this comparison
