Financial Affairs Management

SUT Calculations and Error-Free Billing

Medical accounting and finance processes are very different from general accounting. Complex calculations arising from the regulations of public institutions and tenders for medical equipment are automated with Medicalapp.

SUT Calculation Forms

In kit-based tenders, the sales price is not a fixed amount; it is calculated based on the number of tests performed by the hospital, according to the principles of the Health Application Communiqué (SUT). Manually performing this calculation is both labor-intensive and carries the risk of erroneous billing. In Medicalapp, especially in kit-based tenders, the sales price is automatically calculated according to the number of tests performed by hospitals via SUT forms. The periodic usage of hospitals and the remaining balances from the tender limit are monitored in real-time. Thus, it is possible to see how much of each institution's limit has been used without waiting for the end of the period.

Automatic Withholding and Stamp Duty

Invoices issued to public institutions, unlike those in the private sector, involve complex withholding tax rates and stamp duty calculations. Manually performing these calculations leads to time-consuming invoice errors and collection delays. At Medicalapp, these complex withholding taxes and stamp duties on invoices issued to public institutions are automatically calculated by the system, reducing the risk of invoice errors to zero. The finance team is relieved of the burden of calculations, allowing them to focus on controlling the process.

Collateral Management

Every medical company participating in a tender works with provisional and definitive guarantee letters throughout the process. Failure to track the maturity and return dates of these letters results in unnecessarily blocked amounts in the bank and untrackable liabilities. Medicalapp makes it easy to track provisional and definitive guarantee letters given for tenders. Which guarantee was given for which tender can be monitored from a single place, and the guarantee process is managed in relation to the tender registration.

Project Profitability

The long-term nature of medical tenders means that whether a project is truly profitable can only be measured on a project-by-project basis. Looking at company-wide figures means that a losing tender can remain invisible among profitable ones. At Medicalapp, when each awarded contract is transformed into a project, the cost incurred and the revenue generated for that project are compared. Track your profitability on a project basis; see which tender, which institution, and which business model is actually generating what profit before the project is completed.