Infor TrueCost™: Patient-level costing for relevant decision-making
Healthcare organizations must determine the variation in costs required to deliver patient care in a manner that is relevant to clinical and operational decision makers. As the shift continues toward value-based reimbursement models, providers need the ability to understand and better control the cost of care that they deliver.
Many healthcare organizations are seeing expenses outpace revenue. To better control expenditures, you need to target cost savings and efficiencies. First, you need to understand where costs are coming from.
Infor TrueCost™ offers accurate cost analytics and cost accounting, so users can allocate expenses to patient-level cost objects within each department, and build models that break down things like procedure and lab test costs by resource type to gather actual cost analytics. And, with this solution from Infor®, cost projections can also be applied over specific populations of patients.
Learn about Infor TrueCost, an integrated approach to performing patient-level costing within Infor CloudSuite Healthcare. Discussion to include:
- An overview of how capacity-driven costing combined with direct integrations to your financial ledgers (CloudSuite Financials) and clinical data (Infor Cloverleaf) can achieve more relevant costing information to support your organization’s initiatives to identify opportunities to improve margins without sacrificing clinical quality.
- A preview demo of the cost accounting and costing analytics functionality available with TrueCost.