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Expense Budget Assumptions for Healthcare Providers Example

What is an Expense Budget Assumptions for Healthcare Providers?

Expense Assumption input forms are considered budget drivers and are often used by budget managers to automatically calculate expenses, such as for personnel and capital purchases. Key functionality in this type of form provides input for salary and capex drivers. Details for compensation include tax and benefit drivers, increase for shift, overtime and other labor. Details for capex include average lifetime for various asset categories. You will find an example of this type of form below.

Automate Your Healthcare Operations

Purpose of Expense Assumption Forms

Hospitals and clinics use Expense Assumption Forms to streamline and automate their expense budget. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, an organization can improve its expense planning process, as well as, reduce the chances that budgets become static and where alterations due to changing circumstances becomes time consuming.

Expense Assumption Form Example

Here is an example of a Expense Budget Assumption form for a healthcare provider.

Expense Budget Assumptions for Healthcare Providers Example

Expense Budget Assumptions for Healthcare Providers Example

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, analysts and CFOs.

Other Forms Often Used in Conjunction with Expense Assumption Forms

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Expense Assumption Forms, along with detailed budget input forms for revenue, capex, payroll and operating expenses and other management and control tools.

Solver for Healthcare Providers

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: 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)

Automate Your Healthcare Operations

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Patient Revenue Budget Example

What is a Patient Revenue Budget?

Patient Revenue input forms are considered key components of a healthcare budget model and are often used by budget managers to calculate the various components that make up the expected patient revenue. Key functionality in this type of form provides input of items like charge units, charge rates and price increases. Based on revenue assumptions, it then calculates the total revenue amounts for areas such as inpatient and outpatient activities. You will find an example of this type of form below.

Automate Your Healthcare Operations

Purpose of Patient Revenue Models

Hospitals and clinics use Patient Revenue Models to enable dynamic and easy-to-maintain revenue planning. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, an organization can improve its revenue planning process, as well as, reduce the chances that budgets become static and where adaptation to changing circumstances becomes time consuming.

Patient Revenue Model Example

Here is an example of a Patient Revenue input form.

Patient Revenue Budget Example

Patient Revenue Budget Example

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, analysts and CFOs.

Other Forms Often Used in Conjunction with Patient Revenue Models

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Patient Revenue Models, along with the rest of their budget model and other management and control tools.

Solver for Healthcare Providers

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: 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)

Automate Your Healthcare Operations

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Revenue Budget Assumptions for Healthcare Providers Example

What is a Revenue Budget Assumptions Model for Healthcare Providers?

Revenue Assumption input forms are considered budget drivers and are often used by budget managers to automatically calculate revenue amounts for the healthcare provider. Key functionality in this type of form allows the user to enter items such as rates and estimated patient volume. Rate examples are: Inpatient, Outpatient, Commercial, Medicare and Medicaid. You will find an example of this type of form below.

Automate Your Healthcare Operations

Purpose of Revenue Assumption Forms

Hospitals and clinics use Revenue Assumption Forms to streamline and automate their revenue budget. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, an organization can improve its revenue planning process, as well as, reduce the chances that budgets become static and where adaptation to changing circumstances are time consuming.

Revenue Assumption Form Example

Here is an example of a Revenue Budget Assumption form for a healthcare provider.

Revenue Budget Assumptions for Healthcare Providers Example

Revenue Budget Assumptions for Healthcare Providers Example

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, analysts and CFOs.

Other Forms Often Used in Conjunction with Revenue Assumption Forms

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Revenue Assumption Forms, along with the rest of their budget model and other management and control tools.

Solver for Healthcare Providers

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: 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)

Automate Your Healthcare Operations

Corporate Performance Management (CPM) Cloud Solutions and More Examples

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This article will explore the benefits of a data warehouse for Healthcare organizations using Sage 100.

All organizations rely on data to identify and meet goals, with plans for growth and development budgeted.  Data warehousing is a powerful option to structure and enrich business intelligence (BI) and corporate performance management (CPM) analytics.  A data warehouse (DW), by definition, is a multi-dimensional database that can house a significant amount of information, deriving from an assortment of sources within an organization, used to make good management decisions.  Your information in DWs can be used in reporting, routine budgeting and forecasting, and dashboards – or big picture performance data questions.  A DW organizes by subject, focusing interactions through topics, like financials, patients, services, or clinics.  If you’re a Healthcare organization using Sage 100, this article will highlight the impact of a DW for your team.
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