Sophisticated cost modeling has been utilized by organizations to model cost behavior, to evaluate business scenarios, and the impact of major internal or external factors, for supply chain modeling, or to understand the impact of changes instrategy on factors such as Economic Value Added, Present Values, Growth Rates, etc.
Cost modeling is normally accomplished with OLAP technology, allowing easy evaluation of multiple scenarios, For hospitals this allows evaluation of utilization at various capacity levels, for different case mixes, and the impact of dropping or acquiring products and services, plus many other scenarios.
Our IntelliMax solution is the backbone of the modeling solution as it contains all patient relationships, volumetric information, use of facilities and resources, past history and most other information required to build a sensible modeling or forecasting solution.
Cortell Health is an approved Cognos Partner and can deliver any planning, budgeting, reporting, consolidation or business intelligence solution using the Cognos range of products.
For services provided by other Cortell entities visit http://www.cortellgroup.com/.
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Quotes
"Outside of health care, the use of ABC has led managers in many organizations to reverse their thinking regarding which of their products are the most profitable. It is likely that similar conclusions would be reached in a hospital that undertakes an ABC effort. Indeed, in an era of shrinking resources for health care and intense negotiations between payers and providers, a hospital that does not have an ABC system could be putting its financial viability at considerable risk". - The Folly of Using RCCs and RVUs for Intermediate Product Costing, HFMA Magazine, April 2007, David W. Young
Featured Customer"We use IntelliMax to assist us in reviewing our prices including our contracts with Insurance companies and also to have a better understanding of the costs of our products and services." Robert Taylor, CFO, Mercy-Ascot Hospitals, Auckland, New Zealand
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