Healthcare Costing
More than ever, managers and clinicians must work together to develop a deeper understanding of what is really driving the cost of service delivery and patient outcomes.

Our approach is developed to deliver this critical management information. It is based on a time driven and activity-based costing model and enables you to identify costing that is rooted in the organization.

The activity-based data can provide the insight to understand "why" the costs vary for patients with the same diagnosis or procedure. Once you have this information, you can proactively identify opportunities for cost reductions by reducing the NVA (non-value added) activities and identifying variability in care delivered, allowing the organisation to provide the same level of service in a more efficient manner.

 

Our Approach:

  • Developed from an activity-based costing model that can be used to identify comparable costs per patient, treatment, diagnosis and DRG over the entire care cycle.

  • The costing describes, in a transparent way, how your organization functions, how various resources – such as staff, premises and other permanent assets – are utilised in providing healthcare services and how the healthcare services are driven by treatment events and patient encounters.

  • The resulting data provides a clear basis for planning and understanding case mix, staffing and processes so that the quality of the whole care cycle can be improved.

Reason's why you should consider our Costing Solution:

  • Operational Value: More than a tool for patient level costing. It is also a great tool for performance management to manage and improve the operation.

  • Cost traceability, understanding value leakage: Gives an invaluable connection between finance and front-line delivery of care, which is usually difficult to achieve. Enables a better understanding of how working methods influence the end result.

  • Resource Utilisation: Provides a basis for reliable information on effective resource allocation, creating an improved basis for decision and a greater understanding of how and why costs are incurred.

  • Flexibility and Customization: Incredibly flexible approach to costing, enabling all mandatory outputs to be easily created automatically.

  • Automation and Reporting: Includes templates, reports, matching routines, integrations to patient administrative systems and other existing systems.

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