INTRODUCTION TO OUR COST ACCOUNTING SOFTWARE SUITE
Every cent counts when you’re operating a healthcare organization. Hospitals depend on accurate cost accounting to maintain profitability, assess medical personnel’s performance, and ensure full payment from patients and contractors, but administrators couldn’t possibly crunch all the numbers themselves. Quality healthcare cost accounting software systems are absolutely essential for managing your organization’s finances accurately and efficiently.
Count on CostFlex for the best hospital cost accounting software in the industry. Unlike other software vendors that offer one generic solution for every market, our decision support software systems are designed for healthcare alone. Learn more about how CostFlex’s healthcare-specific cost accounting software can help your business.
COST ACCOUNTING FOR HEALTHCARE
Software is essential for accurately calculating the cost of all of a healthcare organization’s discharged patients. By contrasting these figures with reimbursement data, your cost accounting software systems will provide your hospital with a true account of its profits and losses. This information gives you the ability to fairly benchmark physician performance and generate reliable KPIs for analyzing cost control and reduction efforts.
Healthcare provider organizations of all types and sizes, from multi-entity hospital groups to clinics and critical access hospitals, need cost accounting software to make the best decisions for both their business and their patients. CostFlex’s systems will help you make sure your organization stands out in your market.
COSTFLEX’S HEALTHCARE COST ACCOUNTING SOLUTION
Don’t trust your organization’s financial health to a one-size-fits-all solution. CostFlex’s cost accounting software was designed with healthcare in mind from the very beginning, incorporating client-driven data to create the most effective tools and reporting systems in the medical provider marketplace. Our software uses enhanced activity-based costing methods to give hospitals in our client network the most accurate cost accounting data available.
Our solution is built to tie into your organization’s monthly financials automatically, ready to deliver the most accurate information for your specific institution at the click of a button. We also promise the lowest staffing requirement for product maintenance in the industry, so you won’t have to dedicate valuable man-hours to checking up on your tools. Our healthcare cost accounting software, along with many of our other solutions, is updated to the most current version quarterly at no additional charge for all supported clients—we’re committed to delivering the best possible healthcare decision support products on an ongoing basis.
OUR COST ACCOUNTING SOFTWARE SUITE
Activity-Based Cost Accounting
Patient and Service Line Cost Accounting
Service Line Analytics
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.
SQL Enterprise DSS Warehouse and Reporting
Medicare Cost Report Estimator
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.
Allows hospitals to report their financial standing with the government frequently, helping them manage their budgets throughout the year.
You can’t afford to waste time setting up and learning a new tool. CostFlex routinely completes turnkey installation and staff training for our new clients in eight weeks or less, making sure everyone on your team masters our software quickly and receives immediate benefits from the toolset. Each client is assigned a dedicated project manager to oversee the installation and keep the process going at a steady pace.
As long as you’re a CostFlex client, you’ll have direct access to the best support team in the industry. Our support teams are all made up of development programmers with intimate knowledge of our healthcare cost accounting systems. They don’t need to read a manual for our software—they wrote it themselves.
We can handle nearly every support issue at the time we receive your call, but if something happens to take longer, we still deliver solutions fast by guaranteeing a minimum 48-hour response time. Our reputation rests on our commitment to timely responses and clear communication.
SCHEDULE A DEMO
Ready to see firsthand how our hospital cost accounting software can help your healthcare organization? Please complete this form to schedule a product demonstration. All clients who purchase CostFlex software receive an unconditional satisfaction guarantee in writing, and you’ll be entitled to a warranty for three full months after a completed turnkey installation.
If you have questions about CostFlex Systems, Inc., or any of our healthcare decision support products, feel free to contact us online or by phone during regular office hours.