ExactCost can be implemented at the enterprise, service line (Cardiology, Orthopedics) or departmental level (Radiology, Laboratory, Surgical Services). Our open-ended architecture allows for fully customized solutions tailored to your hospital’s unique needs.
Our actionable tools are used throughout hospitals helping C-level executives view profitability trends and forecast results, departmental managers find sustainable cost reductions and process improvements and physicians and nurses identify best practices and optimize patient outcomes.
No, it is a comprehensive cost management and profit optimization tool to help executives make more informed decisions. ExactCost solutions offer detailed insight into your organization’s real costs, profitability, process efficiency and resource allocation. Unique from financial and decision support tools, our solutions link operational processes in your clinical departments and across service lines drilling deeper for performance improvements.
ExactCost syncs with your existing systems, including ERP, human resources and labor, purchasing, inventory, accounting and information systems (RIS, LIS, SIS) to pull in your data real-time. Our data library taps a decade of healthcare costing data that is preloaded so your team doesn’t have to do manual number crunching; we customize the library to fit your processes during our pilot and installation phase.
Our solution works in tandem with your decision support system. ExactCost identifies cost drivers by directly assigning resources, which provide detailed knowledge into your rapidly changing healthcare environment both on a financial, operational and clinical level. ExactCost provides this detailed information from the enterprise level down to each supporting department within the organization.
