What is a Personnel Budget Model for Healthcare Providers?
A Healthcare Provider Personnel Budget Model holds a pivotal role in healthcare financial planning. It stands as a cornerstone for budget managers, providing them with a comprehensive framework to meticulously plan staff compensation, tax allotments, and employee benefits. This specialized tool incorporates essential features, typically gathering data from various facilities and departments, and neatly organizing it into rows. Within this model, separate sections or input templates cater to both salaried and hourly wage employees, covering crucial aspects such as shift hours, bonuses, taxes, benefits, and more. Below, we present a sample representation of this invaluable tool.
Purpose of Personnel Models
Personnel Models serve as indispensable resources for organizations and corporations aiming to conduct detailed and precise budget planning at the individual employee level. When integrated into the best practices of Human Resources or Financial Planning & Analysis departments, these models empower companies to refine their budgeting processes for employee expenses while also mitigating the risks associated with staffing strategies, such as cost overruns and unexpected expenditures.
Here is an example of a Personnel Budget input form by employee and department.
You can find hundreds of additional examples here.
Who Uses This Type of Form?
The typical users of this type of form are: Budget managers, HR managers, department heads.
Other Forms Often Used in Conjunction with Personnel Models
Progressive HR or FP&A Departments sometimes use several different Personnel Models, along with detailed budget input forms for revenue, capex, other operating expenses and other management and control tools.
Where Does the Data for Analysis Originate From?
The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Sage Intacct, Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.
In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards?
Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
- View 100’s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- Healthcare White Paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards
Only Solver delivers a one-day rapid deployment, including free and instant access to $100K of value available on Day 1 in the Solver Marketplace. Solver is committed to helping you with all your advanced planning and reporting needs, so you can Accelerate Better Decisions – starting now. Take a free tour of Solver for any of these ERPs: