We are a Federally Qualified Health Center (FQHC) and use MIP to keep track of all our financial accounting information. We use MIP to properly track our various grants via revenue/fund codes, and we also use MIP to scan in invoices and contracts so we can have everything stored digitally which makes finding and retrieving historical information easier. MIP is also used to keep track of our fixed assets, and we use MIP to track our various departments so individual financial statements can be produced for these areas with ease.
MIP is a good product if you understand its capabilities and are willing to invest the time to set up its many robust features. When I first used MIP I did not like the program due to never using it before. Once I started using it though, and began to understand its various features, I learned to love this program because it allows for finance professionals working in FQHCs to capture data in ways to satisfy federal reporting requirements for things like the UDS and Medicare Cost Report more easily. Also if you set it up correctly, you may not need as many people in the accounting department to get the work done thanks to distribution tables, stored ability to retrieve and use old JE entries, and being able to upload large amounts of data like a payroll.
We are looking to expand our use of MIP via the payroll module which we feel would eliminate having to import 3 entries that we have to do through ADP. MIP is a really good product provided it is set up correctly from day one and you take the time to learn how to use it's features properly.