Improve Healthcare Financial Performance and Reporting

MedeFinance offers the solution. MedeFinance Financial Analytics is an on-demand, always- available analytic application to improve financial performance. It allows you to drill into the details of your financial statements and view the underlying detail. MedeFinance gives you virtually unlimited visibility into your complete financial operations, even across multiple hospitals, roll-up structures, accounting systems, and different charts of accounts. Finally, get a single source of truth for all your financial operating units against which you can measure and manage financial performance – and give your executive team and Board a meaningful scorecard of your performance metrics and trends.

Every day, hundreds of hospitals use MedeFinance’s intuitive dashboard and familiar “point and click” capabilities to answer questions like these:

• What are expected earnings next quarter?
• How can we improve our financial performance?
• What are our best opportunities to improve operating margins?
• Are we achieving acquisition performance expectations?
• How can we reduce bad debt?
• Is the organization achieving key performance targets?
• What can I do to respond to investor and analyst questions in a more timely way?
• How do I improve forecasting and eliminate surprises once and for all?

Our powerful Financial Analytics help healthcare financial managers and executives to:

Get a Complete, Current, and Accurate Financial Picture

Gather a system-wide detailed view of your entire financial operation, even across multiple accounting systems and charts of accounts. Pull together data from multiple sources, provide multiple levels of data mining capabilities, and create a personalized suite of reports and analytics. Provide key financial ratio dashboards and trending.

Improve Financial Performance by Sharing Insight and Going Beyond Standard A/R Metrics

Distribute key metrics and operating information to the front lines, where action can be taken to improve overall performance. Create financial “SWAT” teams and define dynamic work lists for rapid response to special projects and problem areas. Develop predictive performance metrics for receivables, payables, and key redictable GL accounts. Improve accountability of key performance metrics across hospitals, operating units, departments, and individuals.

Spend Less Time Scrambling to Gather Data and More Time Performing Meaningful Analysis

Provide on-the-fly dynamic graphics and reports of key accounts and underlying transactions – and have time to analyze them. Sharply reduce the administrative time required to respond to requests from the Board, management, auditors, tax authorities and regulatory agencies. Avoid eleventh-hour surprises by setting proactive alerts that will notify you of exception conditions anywhere in the enterprise – including large transactions, ratio threshold exceptions, excessive bad debt, etc.

See Everything, and Increase Compliance Confidence

Provide clear line of sight from summary accounts to transaction detail throughout the system. Get additional visibility and demonstrable controls consistent with Sarbanes-Oxley section 404. Make certain you haven’t missed any accounts by sweeping all GL accounts and double-checking internal controls.

Software and Services Available On Demand

Because MedeFinance is a hosted service, it’s always on and instantly available. It’s virtually maintenance free, so your IT organization can focus on supporting your
primary mission of patient care. Our Client Services staff is comprised of industry-leading consultants who are experts in health care financial performance, HIPAA, and all other relevant technological and regulatory requirements – all of which enables us to deliver very rapid time to value, with very little risk.