CostFlex is the most accurate and affordable cost accounting and decision support software for healthcare.

The CostFlex Total Cost Accounting suite of healthcare decision support software products is a complete enterprise solution for accurate cost accounting, flexible service line analysis reporting, and payor contract automation. Developed for the progressive healthcare finance managers who are working to streamline their department, manage with reliable insight, and maximize the profitability of their hospital and/or clinic provider organization.

This is a completely scalable product suite featuring the most advanced DSS techniques and tools to elevate the performance, productivity, and profitability within your business. The identical software suite can be scaled for large clinics and Critical Access Hospitals (CAH’s) as well as stand alone acute facilities and multi-entity organizations.

Regardless of your healthcare information system (HIS) installed, CostFlex performs the data integration as part of a standard turnkey installation and monthly support. Current client sites utilize Epic, Cerner, Meditech, CPSI, and, quite possibly all other HIS vendors available throughout the past 30+ years of successful CostFlex business.

Client support services are staffed by live members of the CostFlex Development Team. If you have a problem, we will resolve it. Current users are polled annually and have continually rated the CostFlex service team with 5 stars. In addition, standard support includes interface updates and the most current versions of the software at no additional cost!

COST ACCOUNTING SOFTWARE

COMPLETE HEALTHCARE DECISION SUPPORT SOFTWARE

While many software vendors try to generically offer some of everything in the market, CostFlex has a singular Purpose of delivering the best in HEALTHCARE decision support software.

New clients quickly discover that our tools and reporting are 100% client driven in creation.

Through the use of healthcare specific ‘Enhanced Activity Based Cost Accounting’ methods, users enjoy the highest available cost accounting accuracy, that ties to downloaded monthly financials by design, and requires the industry lowest maintenance ongoing (1/4 FTE on average).

STANDARD 8-WEEK TURNKEY INSTALLED

Relax! With 30+ years of performing successful installations for clients of all provider types, you are in good hands with CostFlex. You will be assigned your very own Project Manager that will take the reins and bring home success. The install will be quoted as a fixed professional fee to complete and includes an unconditional guarantee in writing, so the risk is on us to deliver.

5-STAR SUPPORT SERVICES

CostFlex is a niche firm that develops, installs and supports our own software tools internally.

The support staff are not going to read from a user manual or put your call in an endless support ticket chain, but rather address the issue upfront and, when requiring programming, provide the estimated delivery. This is possible because the CostFlex support team is also the same people who wrote the product code in the beginning! Enjoy working with our professionals.

SATISFACTION GUARANTEE

All CostFlex Systems, Inc. software includes an unconditional satisfaction guarantee in writing. The warranty period starts after the software has been made operational on the client site by turnkey installation services performed by CostFlex staff.

HEALTHCARE PAYER CONTRACTS / REVENUE CYCLE MGMT SOFTWARE

ALL PAYERS AUTOMATED WITH ONE PRODUCT

With the CostFlex Payer Contracts Analyzer, you will have the ability to automate, report and analyze all your payers in one interface. Even the Medicare Outpatient APC payments are automated and reported through this stand-alone power tool.

SOFTWARE INTEGRATION

Unique to CostFlex clients, projected payer reimbursement and cost accounting work hand-in-hand.

Please imagine the ability to negotiate profitable reimbursement contract terms with your payer by quickly demonstrating the actual break even points, of each reimbursement group, that are specific to your organization’s financial realities.

Projected reimbursement automatically populates the CostFlex Patient & Product Line Reporting tools to provide real-time profit and loss reporting while your organization still awaits remitted payments.

WEB BASED DASHBOARD TREND ANALYSIS

A shared ability of all CostFlex Decision Support Software tool reporting, Denial Management data, payer payment trends, short-pay recovery success, and much more are all able to be displayed through the Web based CostFlex Executive Dashboards Reporting tools.

Busy executives can now view real-time trends of organizational performance on their remote desktops, tablets, smart phones and more.

TURNKEY INSTALLATION

Professional installation services are an important part of making any revenue cycle product a winning project. Clients can choose how much payer automation they would like to have CostFlex staff employ and how much they want to manage themselves through the standard CostFlex point/click interfaces.

If using an outside vendor for payer underpayment review and short pay recovery, CostFlex tools will empower your project staff with the ‘down to the penny accuracy’ needed to maximize the return on your investment.

SATISFACTION GUARANTEE

All CostFlex Systems, Inc. software includes an unconditional satisfaction guarantee in writing. The warranty period starts after the software has been made operational on the client site by turnkey installation services performed by CostFlex staff.

TURN KEY INSTALLATION


TOTAL HEALTHCARE COST ACCOUNTING SYSTEM INSTALLATION

Installations for the Total Cost Accounting System, like all CostFlex products, are performed turnkey. What this means is that all aspects of the installation process are performed by CostFlex Staff and a fully operational product, to include training, is turned over to the client. The whole process, from the first day of pre-install work to the last day of onsite work/training, is completed turnkey in less than eight weeks.

The major steps of the installation process include:

  • Pre-installation
  • Onsite cost model creation
  • Staff training

Pre-installation work begins with the transfer of download files to CostFlex from the client for interface programming. After the download file interfacing is complete, a department manager interview schedule is created for the upcoming onsite cost accounting work. Pre-install begins a minimum of four weeks before the first day onsite at the client site. Onsite cost model creation consists of department manager interviews, support department step-down mapping, collecting statistics, and much more.

The client’s staff training begins with the first day onsite. The client’s cost coordinator(s) is/are asked to attend department meetings, take part in statistical collections, step-down decisions, and more. This hands-on training method has been proven successful with client hospitals for three decades now. The additional onsite work will include hands-on training for ongoing system maintenance, effective use of the system reports, and extensive auditing of the cost accounting data.

ADVANCED CLINICAL DECISION SUPPORT SOFTWARE SOLUTIONS

SQL Decision Support Warehouse & Multi-Entity Reporting/Benchmarking
835/837 Electronic Remittance Analysis and Reporting
Charge Auditing & Department Manager Reporting
Pathways Analysis
Medicare DRG/APC Modeling & Reimbursement Performance Reporting
Web-based Executive Dashboard Reporting
Flexible Expense Budgeting
Interface Engines for Popular Third-Party Benchmarking/Analysis Software