Solutions for healthcare
Healthcare providers have the challenge of keeping patients the focus while also keeping up with the latest advancements. How can you improve the quality of care while balancing operational excellence?
Solutions for healthcare
Despite a growing market in the face of an aging population and ongoing medical breakthroughs, budgeting and forecasting in the healthcare space presents distinctive challenges. Revenue planning is multi-dimensional and encapsulates drivers such as procedures, clinics and payment types (private, public, insurance etc).
A complex labour force with a broad array of specialists, clerical and administrative staff makes payroll planning arduous and fraught with risk. Significant investments in capex to improve or replace expensive equipment requires accurate and comprehensive asset and finance modelling.
With appropriate technology you can easily and quickly compile scenarios which measure and predict the financial outcomes of key strategic and operational decisions in the healthcare environment.
Moreover, this gives you clarity on projected future cashflows and key performance indicators for your business over the short and long term.
Having a single view of each patient across all your organisation’s operational and management reporting systems is paramount to providing the best chance of a successful outcome for the patient, efficient use of finite healthcare resources and well managed costs.
Over time, a patient’s healthcare needs, the medical professionals involved, their current insurer or their residential address can all change.
Using the right technology, you can ensure patient details are automatically harmonised across all your systems.
This ensures a consistent and efficient interaction of the business throughout the patient’s healthcare episode, and an accurate and timely analytical capability to provide key insights.
With the right technology, healthcare providers can have greater visibility over operations and gain insights into cost by clinic, physician, healthcare provider, procedure, operating unit and patient.
By pulling together your data into a centralised, trusted source, you can improve quality of patient care, minimise risk and break down silos.
With greater knowledge of what is happening in real time you can take quick action where it is needed and work out how to provide the best for your team and your patients at reasonable cost. You are better equipped to solve your clinical and operational challenges.
Collaboration across multiple divisions is made easy when branch or clinic managers in different locations can get access to timely information to drive customer experience and operational efficiencies against industry benchmarks.
How will your business make the most of opportunities in the healthcare space?
With multiple clinics, it was difficult for the Monash IVF Group to quantify costs of procedures, labour and clinics. They were looking for a way to track targets, budget and forecast with greater control, and have a solution that worked with their bespoke technologies.
Learn how the Monash IVF Group achieved all that and reduced budget cycle times by 70% with the right budgeting and planning tool.