Record-to-Report Solution for
Healthcare-Industry Companies

Trusted by 1,300+ global enterprises to automate the end-to-end R2R workflow cycle,
accelerate the financial close, and unlock real-time business insights 2x faster.

Trusted by leading companies worldwide

Loreal
Keurig
Resmed
DXP
Redbull
Bluelinx
Loreal
Keurig
Resmed
DXP
Redbull
Bluelinx

Business Outcomes

Real-world outcomes from AI-driven R2R solutions built for healthcare finance operations.

99%

Reconciliation Accuracy

AI Agents match high-volume insurance remittances and patient co-pays against bank deposits. By replacing manual file uploads with automated bank connectivity, the suite eliminates errors caused by failed integrations across fragmented clinical and billing systems.

80%

Faster Financial Reporting

Automated agents consolidate data from Electronic Health Records (EHR) and accounting systems to provide detailed, AI-driven variance explanations. This allows finance teams to deliver performance analysis to leadership faster, helping the organization understand the true cost of patient care.

100%

Audit-Ready and Compliant

Maintain strict internal controls with digital audit trails that capture every insurance adjustment and inventory substantiation. The system automatically gathers documentation into a "digital binder," giving leadership complete certainty during regulatory reviews and annual health system audits.

30%

Reduction in Day to Close

AI agents bypass technical system limitations that frequently create month-end backlogs and stall your close. By automating high-volume accruals for medical supplies and payroll, the suite clears the large month-end backlogs that delays the close and allows teams to focus on supporting patient services.

Gartner Report

HighRadius recognized as a Challenger in the 2026 Gartner® Magic Quadrant™ for Record to Report (R2R)

R2R Solution Overview - Driven by Healthcare Pain Points

Healthcare accounting often involves manual "detective work" to bridge clinical billing platforms with the general ledger. By unifying data from every facility and department, the HighRadius Record-to-Report solutions streamlines your entire process for more accurate financial stewardship.

Eliminate the struggle of reconciling data between various patient billing platforms and your primary accounting system. Our solution bridges fragmented apps and bank data, automatically flagging discrepancies and replacing manual file uploads with a clear, real-time view of your cash.

Move away from technical bottlenecks and system constraints that weren't built for modern health system complexity. High-volume journal entries for medical supply accruals and insurance reclassifications are handled automatically, enabling a smoother close without the manual burnout.

Maintain constant audit readiness across your provider network without manual effort. Every adjustment from patient billing reclassifications to medical supply updates is recorded with a clear digital trail and required approvals, ensuring internal controls remain bulletproof during reviews.

Consolidate data from fragmented systems into one place to get detailed variance explanations without searching through multiple files. This turns complex data into insights that help leaders understand spending discrepancies and drive smarter strategic decisions for the hospital system.

Healthcare R2R Pain points

AI-Powered Value Creation at 1300+ Enterprises

ERP Capabilities

HighRadius integrates natively with 50+ ERPs to deliver an autonomous, audit-ready Record-to-Report cycle that resolves fragmented healthcare data and manual workloads.

S

SAP

Native integrations overcome posting limitations by automating global intercompany matching and high-volume medical invoice clearing directly in the system.

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O

Oracle

Automates complex insurance accruals and multi-entity consolidation to eliminate manual work across diverse healthcare footprints.

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S

Sage

Connects clinical billing data with bank statements to automate reconciliations and provide real-time visibility into your cash position.

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N

NetSuite

Pre-built integration to automate medical inventory substantiation and tax payables to maintain audit-ready compliance as your healthcare organization grows.

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Rising logo

HighRadius Named ‘Rising Star’ in 2024 ISG Provider Lens™ Finance and Accounting Platforms Report

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AI Driven Innovations | Comprehensive R2R Suite

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Must-Have Resources

Must-Have R2R Resources for Manufacturing Industry

Buyer's Guide

2026 Buyer’s Guide to AI in Consolidation & Reporting in Manufacturing

Discover how AI simplifies multi-ERP reporting, harmonizes data, and cuts manual work.

Download Guide
Whitepaper

How to Maximize ROI with Agentic AI in Financial Close

Discover how Agentic AI harmonizes global data and cuts manual work to streamline your financial close.

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Vendor Guide

Bank Reconciliation Vendor Guide

Find the right close software for your business with this comprehensive vendor scorecard.

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FAQs: AI-Powered Frequently Asked Questions Solutions

What is Autonomous Record-to-Report (R2R) automation in a healthcare context?

R2R automation uses AI agents to handle the end-to-end accounting cycle for health systems. It replaces manual spreadsheets by automatically reconciling transactions, posting journal entries, and generating financial reports directly in your ERP, which significantly reduces the time spent on your month-end close.

How does the solution handle fragmented clinical billing and bank reconciliation?

Automated agents connect directly to your bank statements and various patient billing platforms to automatically match payments and co-pays. It identifies discrepancies or missing data across clinical and financial systems, ensuring your cash position is accurate without manual detective work.

What healthcare-specific accounting tasks can be automated?

The suite automates high-volume tasks such as insurance accrual calculations, medical supply inventory substantiation, and payroll clearing. By handling these repetitive entries and bypassing technical system limits, your finance team can move away from manual data entry and focus on supporting patient care initiatives.

How does the solution improve audit-readiness for hospital systems?

The solution maintains a constant, digital audit trail for every adjustment and journal entry across your integrated clinical and financial applications. The system automatically gathers all necessary documentation and approvals into a “digital binder,” ensuring your leadership team is always ready for regulatory or annual audits with zero extra effort.

Can HighRadius manage complex intercompany and multi-facility transactions?

Yes. The solution automates the matching of intercompany balances and resolves disputes between different hospital entities or clinics automatically. It handles complex shared cost allocations and netting based on real-time data, ensuring accurate eliminations across your entire provider network.

Will the implementation process disrupt our daily medical and financial operations?

Not at all. Our setup process uses pre-built connectors to integrate with your clinical billing and accounting systems without much dependency on custom development. We use a sandbox environment to verify every automation rule against your live data, ensuring a smooth transition that doesn’t interrupt your daily business.

Accounts Receivable Solutions

Accounts Receivable Software | Collection Software | Cash Application Automation | Credit Risk Management | Credit Management | Credit & Collection | EIPP | Electronic Invoicing | Invoice to Cash | Invoice Collection | B2B Payments | Order to Cash | O2C Analytics | Integrated Receivable | Deduction Management | Credit Application | Credit Scoring | Exception Management | Dispute Management | Trade Promotion | Dunning Management | Financial Data Aggregation | Remittance Processing | Collaborative Accounts Receivable | Remote Deposit Capture | Credit Risk Monitoring | Credit Decisions Engine

Accounts Payable Solutions

AP Automation | Invoice Processing | Invoice Scanning & Capture | Invoice Coding | Invoice Approval | Invoice Matching | Invoice Management | Supplier Management | Supplier Onboarding | Dynamic Discounting | Vendor Payment

Financial Reconciliation & Close Solutions

Account Reconciliation | Financial Close | Bank Reconciliation | Balance Sheet Reconciliation | Payment Reconciliation | Transaction Matching | SOX Software | General Ledger Reconciliation | Journal Entry | Variance Analysis| Financial Consolidation | Financial Reporting | Financial Statement | Financial Reconciliation | Cash Reconciliation

Treasury & Cash Management Solutions

Treasury Management | Cash Flow Forecasting | Cash Management | Cash Flow Management | Revenue Recognition | Liquidity Management

Resources

What Is Accounts Payable | Accounts Payable Process | Accounts Payable Reports | Accounts Payable Reconciliation | Managing Accounts Payable | Accounts Payable Audit | Accounts Payable Goals | Accounts Payable Internal Controls | Accounts Payable Department | Accounts Payable Automation ROI | Accounts Payable Workflow | Benefits Of AP Automation | What Is Invoice Processing | Three Way Invoice Matching | What Is Dynamic Discounting | Accounts Payable Vs Accounts Receivable | Accounts Payable Forecasting | Accounts Payable Metrics | AI In Accounts Payable | AP Automation ERP Integration | Accounts Payable Automation Trends

Ebooks, Templates, Whitepapers & Case Studies

AP Buyers Guide | AI in Accounts Payable Use Cases | AP Vendor Evaluation Template | AP Forrester Prediction | AP Automation Datasheet