With our full suite of hospital accounting software products (Total Cost Accounting System and Revenue Cycle Management), hospitals have a decision support system that enables them to perform cost accounting, revenue cycle management, and service line reporting, among other critical functions, with the highest degree of accuracy and efficiency. Unlike other available decision support software tools, the CostFlex system was explicitly designed for use in healthcare, granting hospital finance administrators invaluable insight into how to maximize their organizations’ profitability.
Healthcare facilities of all sizes can benefit from our hospital accounting software and CostFlex decision-support system. Our fully scalable software suite will improve performance and productivity at standalone clinic businesses and multi-entity hospital organizations, offering the flexibility to meet the changing demands of a growing industry.
CostFlex routinely completes turnkey installations of our hospital accounting and decision support software products in 8 weeks or less (including staff training). Your organization will have ongoing access to our best-in-class customer support team when installation is complete. You’ll also receive regular software updates at no additional cost—CostFlex clients will always have the most current version of every CostFlex product they are licensed to use.
"CostFlex offers the most accurate and affordable decision support software system in the healthcare industry."
TESTIMONIALS
“Our region was up and running with accurate cost data in a few short months with CostFlex. The other regions in our organization made million dollar mistakes with a consultant staffed approaches to standard costing that were scrapped after two long/full years of work. I am pleased to endorse the CostFlex product methods.”
— Chief Financial Officer 600 Bed Organization, Midwest Region
“At my Critical Access facility, CostFlex provides the cost data accuracy I need with the least maintenance requirements of any system I have encountered.”
— Chief Financial Officer Critical Access Facility, Western Region
“In a few years since we started using CostFlex, we have averaged over $3 million a year in underpayment recoveries.”
— V.P. of Finance 4 Hospital System, Southeast Region
“Through the years, I have been a CFO with HCA and similar sized healthcare providers. I have never experienced the type of support I receive constantly from the CostFlex team. As a current CFO and CFO group member with my state’s hospital association, I endorse the tools and company constantly.”
— Chief Financial Officer Critical Access Facility, Western Region
“I appreciate the way the CostFlex team cares for my hospital. Their culture of customer service is first class. I have never worked with an outside vendor that has had such a proactive approach in finding ways to help me meet my hospital’s needs.”
— Chief Financial Officer 100 Bed Organization, Midwest Region
“CostFlex is quite simply the best software purchase decision I have made as CFO at the hospital.”
— Chief Financial Officer 600 Bed Organization, Midwest Region
“CostFlex is providing the information that supports our business plan.”
— V.P. of Finance 2300 Bed Hospital, Southeast Region
“As I always tell everybody, your firm is unique in the way you respond to customers. I am always happy to be a CostFlex client reference I want the world to know that CostFlex always delivers.”
— Chief Financial Officer Critical Access Facility, Western Region
“I created a variance report that identified over 5 million dollars in potential underpayments. Needless to say, this tool has been especially successful.”
— Director of Decision Support 500+ Bed Organization, Western Region
"I have been using CostFlex's Cost Accounting System for over three years and my organization for 22 years. It is an excellent costing system, and they continue to make meaningful enhancements to the system to meet the needs of the end user. Their customer service is awesome. The personal attention they give to the client is unmatched. I personally have not had a company take care of their clients like the people at CostFlex. Love working with their system and team. Keep up the great work CostFlex! Your clients appreciate all you do."
- Chad, Summa, Ohio
Our Cost Accounting software products manage procedure-level costing, patient and service line costing, as well as actual and projected reimbursement data with unbeatable accuracy.
Activity-Based Cost Accounting
Patient and Service Line Cost Accounting
Service Line Analytics
SQL Enterprise DSS Warehouse and Reporting
Correctly restates expenses in terms of the specific patient charges and procedures that received benefit from every expense dollar on a monthly basis after financial closings.
Rolls activity-based cost accounting data from the procedure level up to the patient level, making it easy to group patient demographics into custom service lines for performance reporting.
Aggregates and reports large volumes of service line data efficiently, with full marginal cost capabilities available for all reporting.
Gathers, analyzes, stores, and reports DSS data that helps healthcare organizations make more informed decisions. The ability to compare facilities across all service lines is fully supported.
CostFlex Revenue Cycle Management software integrates with our Cost Accounting tools to help your organization negotiate profitable contract terms and calculate accurate contractual allowance at the time of patient discharge. It provides the payment analysis data needed to appeal short-paid accounts by payers, ensuring prompt and accurate reimbursement for our clients.
Payer Contract Analyzer
Automates detailed reimbursement terms across numerous payer contracts and stores the data in a single interface. The software will not only automate 100% of payer contracts (including government contracts) but also enable unlimited “what if” scenarios to fine-tune contract negotiations for all services.
Pre-Billing Charge Error Auditor
Reviews and audits discharged patients' charges for accuracy before bills are posted, allowing hospitals to correct errors while patients are still in bill suspense and before the client submits the 837 for payment.
SUPPLEMENTAL DECISION SUPPORT SOFTWARE
Our Cost Accounting software products manage procedure-level costing and patient and service-line costing, as well as actual and projected reimbursement data, with unbeatable accuracy.
Web-Based Executive Dashboards
Automates analysis of numerous data points from the Cost Accounting and Revenue Cycle Management suites, organizing big-picture findings into easily readable graphics. As an added bonus, any database the client organization uses can be visualized and trended without additional software licenses.
Flexible Budgeting
Allows healthcare organizations to account for variables that affect profits and losses and adjust budgets as needed throughout the fiscal year.
Cost-Based Hospital Benchmarking
Compares your hospital’s performance metrics with those of similar organizations, highlighting areas for improvement and supporting marketing efforts. All participating hospitals will be given a unique number to keep their organization’s data confidential while enjoying literally millions of live data points to compare their services against.
SCHEDULE A DEMO
Designed for ALL HEALTHCARE PROVIDER TYPES, CostFlex Systems, Inc. has a 30-plus year track record of providing the very best in Cost Accounting, Decision Support & Payer Contract Management software for our clients.