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Blue Line24 South Main Street, Allentown, NJ 08501 | Phone: 866-589-3440
An Integrated Answer for Hospital Planning, Budgeting & Reporting
Hospitals are different from other businesses. Where most businesses can manage revenue through pricing and volumes — Hospitals have minimal control of these key drivers.
Where most businesses can control of employee costs — Hospitals face shortages of key skill sets and face rapidly rising salaries.
Where most businesses can manage their supply chains through standard approaches — Hospitals face complicated driver-based scenarios with high priced items and slim margins.
As a result, budgeting and forecasting the financial needs of a hospital can be a real handful. It takes a combination of both current generation financial performance management software and content developed by experts in the issues facing today—s hospitals. That combination is Blue Line Planning and Cognos, an IBM company.
The Blue Line Solution is based on several modules that are optimized specifically to the unique processes of hospitals.
- Modules
- Revenue Forecasting
- Workforce Planning
- Expense Forecasting
- Department Budgeting
- Analytics & Reporting
These integrated modules provide a full cycle planning/budgeting solution. Further, the solution also contains extensive reporting and analytic capabilities so when the CFO asks for a new report by the end of day — you can deliver it.
And, perhaps most importantly, the solution is completely flexible and requires no programming skills of any kind.
- Eliminates the issues of spreadsheets
- Automatic distribution
- Finance owned — no programming or "scripting"
- Built in workflow management
- Unlimited budget iterations, versions and scenarios
- Real time visibility to all work in process
- Real time calculations
- Extensive modeling for unlimited "what-if"
- Real time changes — no need to take system "off line"
- Integrated reporting and analysis
- Unlimited "dimensions"
- Integrated document management — attach spreadsheets, powerpoints, etc.
It all begins and ends with revenue forecasting. Blue Line provides standard models for forecasting revenue and tying it straight back to expenses — closing the cycle of optimizing resources to the revenue drivers.
Workforce planning in hospitals is tough. Salaries are climbing at astronomical rates, union contracts are dictating work rules, and overtime is the norm. The Blue Line /IBM Cognos solution handles all these issues and more — with one key goal in mind; to allow you to balance and redeploy resources to ensure coverage and minimize payroll.
From managing Capex to forecasting supplies, Hospitals face unique challenges. The Blue Line Solution offers a variety of methods for budgeting expenses — from integrated driver based models to more standard methods.
