INSIGHTS® Decision-Support Software INSIGHTS is a financial and operational decision-support service suite for hospital and healthcare institutions. It is an integrated system that aids senior-level executives, division heads, and managers with planning, monitoring, and reporting, and facilitates better strategic and operational decision-making.
Why INSIGHTS?
INSIGHTS Decision-support software provides today's successful healthcare institutions with the tools and resources necessary to:
INSIGHTS puts information into the hands of those who are accountable;
resolve everyday businesses problems such as data accuracy, consistency, and timeliness;
access and effectively analyze key information in order to establish operational and financial goals;
implement a paperless, exception-based philosophy with automatic alerts;
ensure that budgeting, resource allocations, labor productivity, and daily operations are aligned with strategy; and,
link performance to key success factors and measure progress instantaneously.
How does INSIGHTS decision-support software work?
INSIGHTS software "sits atop" installed ERP system software—including older, legacy systems. It accesses, consolidates, and provides information critical to:
Financial planning and budgeting
Advanced financial planning and modeling capabilities encompass fixed and flexible budgeting and ”what if” financial modeling. Budgeting is completed in days instead of months allowing for more time spent in productive analysis and decision making. Enables organizations to replace cumbersome, historical annual budgeting with a continuous, dynamic, responsive, budgeting process.
Financial monitoring
Automated financial monitoring tools include decision support tools, reporting, and direct links to budgeting. Drilldown capabilities provide users with instant access to detailed financial information. Sophisticated analytical tools make it easy for organizations to assess multi-level financial information in a manner that accurately corresponds to current organizational structure.
Position control and tracking
Enables decision-makers to better manage enterprise resources — including employees, prospective employees, suppliers, and vendors — and allows for the collection, organization, and on-demand monitoring of decision-support information relating to those resources. INSIGHTS position control is fully integrated with and linked to INSIGHTS budgeting process.
Labor management
Data, analytical functions, and reporting tools required to perform sophisticated labor productivity analyses — specific to the job level, unit level, individual employee level, and project management activities — are provided to decision-makers on their desktops, in real-time.
Modeling and forecasting
INSIGHTS gives you the business intelligence and analytic tools to compare projections with actuals, trend current performance against historical data, build predictive models based on specific or broad assumptions, and rapidly review and revise results — both in the aggregate and throughout every level of the organization.
Management reporting
Standard dashboards are important components of INSIGHTS reporting capabilities. These tools can be customized to meet the specific requirements of the organization at the time of implementation, and may be modified quickly and easily as needed.
