EPSi

• Spend smarter with better planning tools. You deserve the flexibility to budget and forecast based on an unlimited number of statistics. Track variances with the ability to budget by exception using pre-calculated targets and/or flex hours and dollars for each pay period.
• Create accurate, comprehensive reports. You know what you need. Use the Budget Manager to schedule and auto-generate reports like variance analysis and monthly responsibility reports. This detailed reporting tool gives users throughout the organization the ability to analyze and understand complex management data.
• Enhance existing information. Budget Manager keeps budgeting and strategic planning connected, giving users the ability to report actual results against plans. We understand effective financial performance solutions require three components: strategic planning, product line budgeting and capital budgeting. With these pieces in place, you can maintain a real-time view of your strategic plan, market investments, variances and actual performances at the cost center level.

You can respond quickly to the changing dynamics of healthcare by consuming data from any number of external sources to yield valuable insights. When you combine external clinical information with the detailed financial information in EPSi, you are better equipped to make population health and value-based care decisions. With EPSi’s Data Extender capability, you can easily expand reporting by calling upon existing databases to address currently unknown needs and track and respond to new market conditions.

• Run sophisticated forecasting scenarios. Accurately anticipate the impact of volumes, revenues, staffing and expenses for specific departments, and forecast using a variety of inputs including facility, product, payer, or physician. Use this unique solution to predict what’s actually going to occur in your organization from next month to five years from now.

• Use real data for effective long-range planning. You’re better prepared for the future when you can refer to real data when making a strategic plan, or operating budget. Strategic Product Budgeting uses historical G/L, payroll and patient data as a baseline. It allows users to define their products down to the CDM level and modify profiles to reflect changes. The system will flex monthly to help analyze utilization, revenue, labor and expense variances.