What we do
CostFlex is the most accurate healthcare specific cost accounting and decision support software available in the market today.
Cost Accounting & Product Line Analysis
The current CostFlex staff has been developing and supporting healthcare cost accounting and financial decision support software tools for over 30 years. CostFlex clients consist of large and small stand-alone hospitals, multi-facility organizations, clinics, physician groups, home health businesses and more. CostFlex is an independent niche vendor which interfaces with all other vendors. Because CostFlex is not a department of a larger health corporation, CostFlex delivers five-star support to clients, 60-day turnkey installations, and provides ‘no charge’ upgrades and interfaces.
CostFlex clients enjoy healthcare specific activity based cost accounting [ABC] with the highest available data accuracy, procedure and patient level costing while keeping their staffing requirements to an industry low 1/4 FTE. All other costing methods are supported as well (RCC, RVU, standard cost, etc).
Revenue Cycle & Payer Contract Automation
The CostFlex software also accurately automates the legal terms of every payer contract. This results in a modeling and projection tool which is often more accurate than most payers’ reimbursement calculations and is seamlessly integrated with the CostFlex costing tool for real time P&L reporting. In addition, clients use this tool to audit every insurance payment and uncover short paid claims which typically results in the recovery of millions of dollars.
Dashboards & Multi-Entity SQL Reporting
Management reporting is almost limitless with the CostFlex software. Multi-entity and multi-level custom reports using SQL technology and web-based executive dashboards provide very accurate information to all levels of management, financial analysts, and physician users. CostFlex is confident in your success with our products and service and all installations include an unconditional satisfaction warranty in writing.