HEALTHCARE DECISION SUPPORT: Budgeting

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Budgeting

Improve budget development and monitoring capabilities by eliminating manual processes and streamlining the setup of multiple forecasts and spread methods.

Provides a paperless process with workflow management tools
Allows unlimited budget iterations
Enables quick budget recalculations to access the impact of changes
Provides modeling capabilities for an unlimited number of “what-if” scenarios
Offers financial forecasting and reporting for easy assessment of business models

Side-by-side comparison reporting
Drilldown reporting on any data
Rapid data aggregation and consolidation
Flex-budgeting and variance tracking capabilities
Customized “on the fly” analysis and reporting

Supplies consistent, real-time data across multiple departments and facilities and permits allocation of budgeting responsibilities
Distributes reports and analyses to all users simultaneously
Helps develop long-range planning and capital budgeting strategies

Determines short- and long-term impact of change
Provides multi-year projections that can vary from year to year and be projected in summary or detail
Measures impact of new lines of business, mergers, acquisitions and divestures
Offers a fully integrated financial system with Windows toolkit and Oracle database

Discover how MedAssets can help your bottom line

Wellmont Health System

Reliable conclusive benchmarking data convinces physicians to ally in a process that reduces costs while preserving physician choice. Wellmont saves 14% of its’ overall physicians preference item (PPI) expenditures for a projected annualized savings of $2.5 million and $1.5 million for two of Wellmont’s largest hospitals.

April 30, 2010

NAHAM 36th Annual National Conference and Exposition

April 30 - May 3

Orlando, FL

Booth: 408