Budgeting in a reboot is not easy, especially since the recovery has been uneven. It’s all in the data but what you choose to do with that data is key.

Delayed care for cancer treatment and screenings has produced more adverse outcomes and increased mortality. Those who delayed treatment for heart disease, diabetes, and other diseases also are at-risk for more serious outcomes.This reality will affect specific service line volumes, acuity, and net revenue, but it will also impact physician alignment and recruiting for the new fiscal year.

Algorithmic financial modeling provides a gaming capability essential for strategic fiscal budgeting, a reboot growth plan, and a host of other scenarios.

We have built-out our algorithms to deliver enhanced financial modeling for any reason and season. Our approach measures change, addresses needs, and provides a clear path to achieving fiscal goals.

Crisp budget-modeling begins with a deep-dive into charge and payer data for the current fiscal year and most recent two fiscal periods. Our algorithm seeks out consistent and emerging patterns, and calibrates net revenue projections based on the various statistical relationships that matter.

We produce a top-line number based on projected acuity, service line volumes, payer mix, and other revenue drivers, and a net revenue stream projection based on payer mix for each designated scenario.

Analytics provides the ability to discern change at its earliest relevance, but it is financial modeling that enables you to project the net revenue impact of different combinations of change in all financial variables. This is an essential tool for the budgeting process, but it also delivers value throughout the year to assess the likely impact of any new change in revenue drivers.

Budget-modeling and financial modeling hang together to ensure you hit all financial targets and achieve your strategic goals as well.

See what ‘Q’ can do for you!