Because the healthcare industry is a complex, ever-changing environment, timely and accurate budgeting, planning and forecasting; as well as management and analysis of patient and procedure costs, are critical to the success of a healthcare system.

Healthcare companies and hospitals can use Tagetik 4.0 to replace their existing legacy healthcare budgeting systems and to create a centralized process for workflow approval, monthly reporting on actual, P&L, balance sheet and cash flow data. Tagetik 4.0 for Healthcare also enables hospitals and healthcare systems to perform reimbursement modeling, workforce management, driver-based and capital expenditure planning. 

Additional benefits include simplified data entry forms, sophisticated dashboards/scorecards, and the ability to manage operational and non-operational revenue planning; and in some cases, to replace cost accounting systems.  

Tagetik has helped companies worldwide dramatically reduce the time, effort and costs of budgeting, planning and forecasting all within an easy-to-use, finance-driven environment. If you’re using a legacy planning solution, Tagetik 4.0 can help you:

• Classify and plan for the different wage rates for various healthcare employees (doctors, specialists, nurses, etc.)
• Break down the revenue plan by key healthcare performance indicators
• Create detailed costing analysis by doctor, physician, healthcare provider and/or operating unit
• Quantify key healthcare departments such as the emergency, outpatient care, Wellness Services, etc.
• Create routine revenue, headcount and operations forecasts to continuously adjust for changing market forces
  

Leaders in the Healthcare Industry have already selected Tagetik:

		Hunterdon Medical Center Budgeting, Planning & Forecasting, Cash Flow Planning
		HSR S. Raffaele Medical Center Statutory Consolidation

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