• Fund Accounting Software for Nonprofit Healthcare Organizations

Fund Accounting for Healthcare Organizations

Improve Community Health Outcomes with Trusted Fund Accounting

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Are disconnected systems and manual tracking keeping you from understanding your impact?

16-24 Hours Saved

per reporting period*

25% Increase

in grant funding*

Reduced Staff Time

for audit work*

Blackbaud Financial Edge NXT® fund accounting software helps nonprofit hospitals and healthcare organizations manage restricted funds.

Your Grants and Finance Office

Gets real-time insight into grant balances and restricted fund usage.

Your Hospital Administration

Can make timely decisions on projects and initiatives with consolidated financial data.

 

Your Development Office

Can track donor gifts, endowment income, and capital campaign progress.

 

The best fund accounting for healthcare: real-time reporting, sub-fund tracking, and built-in grant compliance.

Hospital Foundation

Get the tracking you need with a fund accounting subledger that rolls up to your hospital accounting system.

  • Verify spending compliance so you can easily report progress to donors and stakeholders
  • Respond to donor inquiries fast with accurate details on previous gifts
  • Monitor endowment funds and ensure compliance with UPMIFA
  • Maximize fund utilization so funds generated by the endowment are used as intended

Financial Edge NXT helps you streamline your endowment management.

Learn More

Seamlessly connect your finance and development offices for improved donor stewardship.

  • Automate data flow and eliminate duplicate entry with a connected fundraising and fund accounting ecosystem

  • Simplify reconciliation with your parent organization’s ERP for faster, more accurate reporting

  • Maintain a clear audit trail with linked donor and patient contribution records across both systems

  • Provide role-based access to allow your staff to see only what they need and get information to stakeholders faster

Maintain compliance and simplify reporting with an accounting system designed to track grants.

  • Enforce internal controls so funds are only used for approved expenditures

  • Track grants or contracts individually with sub-fund capabilities, easy audit trails, and no shadow spreadsheets

  • Understand program revenue and assess the viability of each initiative with intuitive tools

  • Streamline impact reporting using report templates that cover multiple fiscal periods

  • Keep grants on track with grant-level budgets and carry over equity for multi-year grants

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Frequently, donors ask how the funds have been granted and ultimately the impact their gift has made. This transparency provides additional donor confidence in how we are stewarding their funds, often resulting in recurring gifts supporting the initiative.”

Bobby Pettit 

Vice President of Finance and Operations 
Sarasota Memorial Healthcare Foundation 

Read Customer Story

Experience the difference.

Purpose-Built for Healthcare

Built to help healthcare organizations like yours simplify compliance and stewardship—so you can focus on improving community health.

Proven Healthcare Experience

Blackbaud experts informing product development include former CFOs, Controllers, and Chief Operating Officers for foundations and nonprofit organizations.

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Support that Drives Outcomes

In-person and online training, a dedicated customer success manager, 24/7 technical support, an extensive knowledgebase, and an online community help you get answers quickly.

Ready to power your passion?

Request a customized demo to see how Blackbaud is made for your unique challenges and needs.

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