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.
Watch an example of how you can conduct scenario planning for healthcare.
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?
Learn more about Business Intelligence and Analytics solutions.
Some of our healthcare clients
At QMetrix our solutions empower you to operate with the agility needed in today’s business environment. We work together to deliver the right outcome for your unique business.
Bettering lives, with better planning
Integria had a situation that would be familiar to many finance teams with many people involved in the budgeting process and 40+ budget workbooks in Excel. Discover how the the solution we provided gave them:
- More seamless collaboration between finance and department heads across the world
- Ability to audit and track where and who makes changes, and have the changes dynamically roll up or down without manual input
- Better communication on a simple platform, with changes reflected immediately
Discover how we work with healthcare organisations
Office of finance, it’s time to go from spreadsheets to strategy.
Streamline and automate manual processes to accelerate business
Reduce budget cycles by 70%
The Monash IVF Group had several operational systems, difficulty tracking performance, and issues with the long budgeting process. Learn how their solution provided:
- A single solution which integrates bespoke data sources
- Accurate and timely information to management daily
- The means to optimise resources and drive profitability
Industry Insights
Financial and Strategic Planning for Allied Health Organisations
What challenges are finance teams in Allied Health and related organisations facing, and how these can be effectively tackled? Read the whitepaper here.
How to Assess and Plan for Capex Investments in Allied Health Â
Allied Health organisations need to continually invest in new equipment. How can finance leaders exercise prudent financial management and plan for capex investments?
Cashflow and Capital Management for Allied Health Organisations
A key challenge for finance leaders is managing cashflow to support operations and capital position to support strategic growth. Learn about the disciplines, processes and technology that can help you do this.