For John Thibeau, Senior Financial Analyst, Community Hospital of the Monterey Peninsula, the fact that INSIGHTS allows directors to quickly and easily manage financial and operational data in one place means they can focus on providing better patient care.
"I believe we perform closer to budget because of INSIGHTS. It enables us not only to complete the budgeting process faster and easier but also to produce a more accurate and meaningful budget . . . and staying closer to budget actually helps make the future more predictable. If we know that we are performing on budget, we can project performance more confidently and develop more consequential and strategic long-range plans."
—Dave Hanen, Chief Financial Officer
Fremont Area Medical Center (FAMC)
Financial executives at dozens of leading hospitals and healthcare organizations have experienced dramatic success with INSIGHTS.
That takes more than just high-level thinking. To forecast what the hospital's volumes will be, where it will experience growth, and accurately predict capital investment needed in both the short and long term, hospital leaders need rigorous assumptions and advanced "what if" scenarios they can count on. They need to build actionable strategy informed by empirical data, supported by relevant analysis, and tied to accountability for performance.
INSIGHTS provides strategic planning executives with not only a clear view of the larger context but also the deep financial and operational details—trend data, workload units, seasonality, volumes of clinical procedures, position requirements, organizational structures, and more—to actually implement strategy and apply it directly to day-to-day operations, budgets, and decision-making.
Cost data—fully integrates cost data with large volumes of patient-level clinical, resource utilization, and financial data from the hospital's core information systems into a single, structured easy-to-use database.
Service-Line Reporting—delivers financial and clinical encounter analysis that more accurately correlates product offerings, lines-of-service decisions, and resource allocation with the quality and efficacy of patient care and related financial implications.
Business Intelligence—integrates data from multiple disparate sources throughout the enterprise—HIPPA data, payroll data, labor productivity data, data on outcomes, etc.—and uses key performance indicators, scorecards and other analytic tools to deliver quality metrics and monitoring capabilities.
In addition to helping hospital boards and senior leadership set and meet both short and long-term strategic plans, INSIGHTS empowers performance improvements all across the enterprise:
Operational Efficiency — Frontline staff can respond more nimbly to control costs and optimize productivity. Learn how
Financial Management — Financial executives can budget faster and more accurately and improve daily decision-making. Learn how
Simplified IT — IT directors can optimize resources because INSIGHTS is easy to implement and works seamlessly with existing systems. Learn how