Personnel Budget Model for Healthcare Providers Using Sage Intacct

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.

Benefits to Users

The Healthcare Provider Personnel Budget Model offers numerous advantages that extend far beyond budgeting alone. By furnishing business users with a comprehensive and meticulously detailed overview of staffing costs, this model equips them to make more informed decisions. When business users can easily access data related to salaries, taxes, benefits, and other critical variables, they gain a deeper understanding of the financial implications of their workforce strategies. Armed with this knowledge, they can optimize staffing levels, allocate resources more efficiently, and implement cost-effective hiring practices. Furthermore, this heightened level of transparency cultivates a culture of accountability and responsibility within the organization, ultimately fostering better decision-making and operational efficiency across the board. In essence, the Healthcare Provider Personnel Budget Model not only streamlines financial planning but also empowers teams to excel in their respective roles.

Personnel Model Example

Here is an example of a Personnel Budget input form by employee and department.

Personnel Budget Model for Healthcare Providers Using Sage Intacct

Personnel Budget Model for Healthcare Providers Example from Solver

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

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: