Our Activity-Based Costing system helps you accurately measure the true cost of providing care throughout a patient’s journey and across different departments or service lines.
You will be able to understand and analyze cost drivers namely indirect costs related to the utilization of services, identify cost variations based on the different staffing models and operational practices and make more informed business decisions. This leads to more focused and high-impact interventions with specific departments or providers, improvement in delinquency rates and operational efficiency, and most importantly improvement in the quality of care provided and reduction in cost.
Our Dynamic Service bundling and Pricing module helps you bundle services built per providers models, cope with variables, create sub-packages to cover full in-patient episodes of care, and optimize pricing schemes.
You will be able to package prices based on real cost, improve the comprehensiveness of surgical case pricing to include sub-packages for pre-op and possible complications, and assign prices based on TPP (third party payer). This enables you to improve projections and budgeting, implement efficient care coordination strategies and increase patient satisfaction while controlling cost.
Our Flexible Budgeting System helps you model the financial impact of changes, measure variations, make timely operational and financial adjustments, improve forecast processes and ultimately save time and money.
You will be able to compare planned outcomes to actual results, analyze productivity, promptly identify variances, implement a rapid adjustment modeling, and reorganize fund allocations based on changed circumstances. This enables you to respond efficiently to rapidly changing trends, benefit greatly from opportunities in external environments, improve financial projections & budget, and control cost.
The budgeting Module could also be utilized to simulate the impact of alternative decisions on deployment of resources and outcome., This could be an interim activity, in the development of the annual budget.
so it acts as a business simulator.