Budgeting and Forecasting
MEDITECH's Budgeting and Forecasting software offers hospital executives, facility administrators and department managers a powerful tool to create and manage their budgets. With the module, system-wide data, both current and historical, is automatically
available to budget planners and administrators. This data can then be manipulated on-line, taking into consideration such budget factors as inflation, depreciation, staff fluctuations, etc., to project an unlimited number of budget possibilities. Executi
ves, facility administrators and department managers benefit from:
- Access to system-wide, current and historic data such as personnel, payor and patient information, resource and material consumption and costs; actual and projected revenue; actual and projected costs of services, all automatically supplied through ou
r Executive Support System
- "What if" analysis on data to aid in projecting and forecasting budgetary information without corrupting the original data
- The ability to factor in variables such as depreciation and inflation percentages, staff size fluctuations, price changes, new purchases of equipment and supplies, etc.
- Consistent budgeting processes and format throughout the organization
- The ability to include on-line notes related to specific budget numbers
- Color coded budget numbers for more easily recognized statuses
- Simple and intuitive operation.
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