Costing: calculates the cost of hospital service delivery to measure business performance and identify areas requiring cost savings or improvements, introduces and implements new standards for patient level costing, developing and implements one single national cost collection to replace current multiple collections, establishes the minimum required standards for costing software and promotes its adoption, and drives and encourages sector support to adopt Patient Level Costing methodology and technology.
Revenue: calculates public and private revenue streams using sophisticated business rules to reflect complex terms and conditions, such as government case mix or activity-based funding, block-funded government grants, and private health insurance contracts.
Reporting: monitors hospital performance through regularly generated reports that are distributed through e-mail, custom reporting allowing in-depth analysis of data using simple yet powerful query tools.
Reporting Framework: standardizes State and National Health Authority statutory reporting across all participating hospitals, sets up a customized reporting framework to process all hospital data through the same validating, mapping or processing and steps into submission-ready files.
Hospital Budgeting: Power Budgeting, Forecasting & Modelling (PBFM), powered by Adaptive Insights, the recognized leader in cloud Corporate Performance Management (CPM), 360-degree view of your organization's performance past, present, and future.
Integration with many different applications via data connectors or merely import/export data via Excel or flat file.
Connection with MS Office to easily create high-quality reports, Board books and presentations with Microsoft Word, Excel and PowerPoint
Cost variance analysis
Improved clinical coding
Feeds for service line reporting
Internal recharging (of clinical support services)
Producing National Reference Costs returns
Increased clinician awareness of costs
Evaluating alternative clinical practices
Improve patient outcomes by linking safety and quality, performance and cost and integrating Power Health Solutions' PPM to associate revenue and cost at the patient level
Increasing the number of relevant claims submitted to a facility
Decreasing the time spent organizing billing and collecting payments
Higher level of efficiency, accuracy and security
Monitoring claims faster and reducing healthcare fraud
Cyber security of information in patient portals
Allowing decision makers focus on highly profit service items and analyze low profit or loss service items in a hospital
SBS’s Patient Level Costing provides a comprehensive cnsulting process to measure the hospital services provided and related costs from patient service perspective
SBS’s Patient Level Costing tool is provided from partners for the costing analysis and profitability measurement per service item provided, package or department.
SBS’s Patient Level Costing is must-have in today healthcare business environment to allow decision makers focus on highly profit service items and analyze low profit or loss service items in a hospital