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
"Both methods (RVUs and RCCs) are highly flawed. CFOs who use either of these methods to ascertain the full cost of an intermediate product are making a mistake that can have serious financial consequences for their institutions". - 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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