Healthcare Budgeting, Reporting & Business Intelligence Software 

Business Intelligence (BI) software provides healthcare organizations with a performance management system that includes multi-dimensional, driver-based modeling capabilities and integrated P&L and cash flow planning and reporting.

Common Planning & Reporting Challenges Healthcare Organizations Face

Healthcare Budgeting & Reporting Business Intelligence (BI) SoftwareToday’s healthcare organizations face serious financial challenges, stemming legal and regulatory changes, uncertain patient volumes and declining reimbursement in a complex multi-layer system. There's amplified pressure of competition and the need to differentiate as patients must now be treated as customers who have a choice of healthcare providers. 

Healthcare organizations will need to effectively plan to find and allocate funds to invest in innovation to grow the organization. To accomplish this, a planning and reporting system that supports active planning is required. This solutions needs to be collaborative, comprehensive, and continuous. 

Healthcare Revenue Planning

Healthcare revenue planning and reporting is typically volume-driven and associated with multiple dimensions, such as type of patient (e.g., daily care, inpatient, outpatient) or type of service offered. Other variables might include length of patient stay, patient insurance type, number of daily visits per physician, and average rate per physician encounter.

Revenue planning must be integrated and balanced with the cost side of planning in order to forecast realistic contribution margins and profitability. Staffing requirements are often tied to the volumes in the revenue plan. Employee cost planning needs to be detailed, typically by employee type, and may include shift differential and overtime. Other spending also needs to be tied to sales, e.g., medical supplies or vaccines. Allocations of overhead departments or locations may be needed to drive costs into other facilities. Spreadsheet-based systems are inefficient, error-prone, and fundamentally unsuited for the active planning and reporting required by healthcare organizations.

BI Software Solutions for Sage Intacct

The Resource Group enables active planning for the healthcare industry with BI software that is easy, powerful, and fast so healthcare companies can:

  • Model multiple scenarios of potential changes and quickly execute on outcomes
  • Plan across multiple dimensions (e.g., patient type, procedure type, clinic type, location, hospital department, etc.)
  • Perform detailed staff planning across multiple categories of employees, such as physician types
  • Use driver-based modeling to capture interdependencies such as those between revenues and headcount and other costs, and between accounts receivable and sales
  • Streamline overhead to fund marketing and sales for differentiation and innovation
  • Model integrated P&L, balance sheet and cash flow statements
  • Use dashboards to analyze key business drivers and reports to perform variance analysis

Healthcare BI Software Solutions - BI360 & Adaptive Insights for Sage Intacct

A cloud delivery model is a natural fit for the healthcare industry and provides exceptional value. As a Cloud solution, no new hardware, software, or IT support is required for initial implementation or ongoing maintenance. Both BI360 and Adaptive Insights are powerful, intuitive and easy to use BI solutions for Sage Intacct. 

Contact us to learn more about healthcare business intelligence (BI) software


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Sage Intacct Whitepaper

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Healthcare Sage Intacct Whitepaper

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Call 425.277.3772
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