WHAT WE DO
CostFlex is the most accurate and affordable cost accounting and decision support software for healthcare to include clinics, critical access, hospitals and health systems. Complete Payer / Payor contract modeling and analysis with management dashboard reporting is standard. Patient and service / product line reporting with a data warehouse where auditing underpayments and charge auditing are routine.
HEALTHCARE COST ACCOUNTING SOFTWARE AND PRODUCT LINE ANALYSIS
The current CostFlex staff has been developing and supporting healthcare cost accounting and financial decision support software and 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).
“CostFlex for me is more than a data warehouse; it is my most powerful tool… After 4 years of using CostFlex, I firmly believe that we can do anything with CostFlex and the great support team at the CostFlex offices.”
— Decision Support Manager 8 Hospital System, West Coast Region
REVENUE CYCLE AND PAYER CONTRACT AUTOMATION
The CostFlex software also accurately automates the legal terms of every payer contract. This results in a modelling 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 AND 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.