While medical advances enable healthcare providers to deliver more effective and specialized care than ever before, intensifying economic challenges make it difficult to sustain a healthy bottom line. Diverse forces – including rising patient care costs, declining reimbursements from public and private payers, and price-and quality-conscious consumers – contribute to increased financial pressures. In this dynamic environment, executing accurate financial modeling and operational budgeting is both challenging and time-consuming.

With the SAP BusinessObjects Planning and Consolidation application, you can streamline planning, forecasting, and budgeting unified with financial consolidation and statutory and management reporting for your entire enterprise.

SAP BusinessObjects Planning and Consolidation includes comprehensive functionality that can enable:

• An integrated data model – The application is built on an integrated data model that unites financial and patient-centric data for more accurate planning. You can leverage data from the general ledger, and import additional data from sources such as HR, payroll, and patient records for modeling purposes. As a result, you can create projections of patient volume and rate changes, which can be made across business scenarios.
• Department-level planning – Engage department managers in planning – and improve buy-in among them – by providing specific, intuitive models and templates unique to the planning requirements of your routine, ancillary, and administrative departments.
• Reimbursement modeling – Project reimbursements across patient types and financial classes using data from patient-centric sources. The software leverages a shared set of planning assumptions to provide global projections for growth across service-line and payer categories. The resulting values and assumptions are automatically integrated into your overall budget – increasing the efficiency and accuracy of planning processes.
• Budget administration and management – Produce financial and operational reporting and analysis, including both management reporting and multidimensional analysis.
• Business consolidation – Leverage a centralised data repository containing up-to-date actuals from your operational systems, so you can use harmonized accounts to shave weeks off your consolidation processes, improve the transparency of your financial statements, and support compliance and regulatory requirements.

SAP BusinessObjects Planning and Consolidation can empower your organization to reduce the time it takes to create and approve budgets, enable calculated decision making, increase user productivity with minimal training, and reduce business and compliance risk. So you can continue to find innovative ways to meet the critical needs of your patients.

Want to Learn More?

"Efficient Business Planning and Consolidation in Healthcare" (PDF).

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