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

Improve your
Operating Margins

MedAssets improves
and sustains
operating margins
by 1.5% to 5%.

The Stamford Hospital

After only a year of utilization, The Stamford Hospital captures close to $1 million in net revenue using Charge Capture Audit, just one of MedAssets’ Revenue Optimization Solutions.