PARAS is an advanced hospital management software that integrates business and clinical modules to help hospitals smoothly manage finances, assets, patients, and revenue cycles. It addresses major issues faced by hospitals like revenue leakages through modules that track accounting, payables, receivables, and inventory. PARAS provides a comprehensive solution to streamline operations, fuel revenue growth, and enhance business continuity for healthcare institutions.

1. Enhancing business continuity with PARAS
The growth of the hospital is very important. With tight monetary conditions,
hospitals fail to cater to the needs of the patients. Hence the Hospitals should
structure their finance and business planning in-order to deliver better patient care.
With rapid expansion, hospitals generally have difficult time in keeping the track
of their assets and revenue cycles. The increasing number of patients and the
assetmanagement leads to disaster, if not managed properly. Gone are those days
when hospitals used to manage all the functions manually, now with the advanced
technology in place, hospital management has led to smooth facilitation across
multiple channels.
Assessing the crisis, enabling proper channel and executing the appropriate
hospital plan leads to success of the hospital. Hence one of the major crisis
hospitals face is the revenue leakages. Assessing the revenue leakages and errors
while facilitating the proper communication channels to overcome the crisis is
what the advanced HMIS would do.
PARAS with its advanced functionality takes careof end to end business plan. Its
integration of business and clinical module has helped hospitals grow smoothly.
PARAS that integrates finance, HR, Pharmaetc ensures the proper flow of finance.
The Revenue leakages are one of the major grey areas that healthcare institutions
deal with. And, that is the reason PARAS Finance Management module focusses
significantly in stopping them. The financial accounting module is the complete
solution for all kinds of accounting. It handles complete accounts of the healthcare
institution. It supports the institution in general ledger, balance sheet, profit and
loss statement, accounts payable, accounts receivable, cash flow analysis, bank
reconciliation etc.
Besides PARAS also manages hospital’s supplies including drugs, surgical and
laboratory items. The module deals with purchase, billing and maintenance of the
items. It also allows the user to maintain their stock through ABC, FSN analysis.
Hence PARAS covers end to end comprehensive solution fuelling the revenue
growth of the hospitals.