Tagetik Cloud for Healthcare

Keep a steady finger on the pulse of your operations



Today’s healthcare systems have undergone significant changes to business and revenue models. To keep pace, you need timely and accurate budgeting, planning and forecasting processes so you can stay on top of the patient, procedure and staffing costs that are critical to the future operations of your organization. Enter Tagetik Cloud for healthcare.


With this unified, performance management solution, health systems worldwide have dramatically reduced the time, effort and costs of budgeting, planning and forecasting – not to mention, produced more actionable reports. Easy-to-use and designed for the healthcare industry, Tagetik is a simple solution for your organization’s complex reporting processes.

Tagetik Cloud for Healthcare
Tagetik Cloud for Healthcare Benefits

Benefits


Quickly implement corporate strategies

Quickly implement corporate strategies while managing and controlling overall performance

Quickly create

Quickly create detailed costing analysis, drilling down by physician, healthcare provider and/or operating unit

Improve patient revenue planning

Improve patient revenue planning by breaking down and identifying KPIs for both operational and non-operational variables

Simplify reimbursement modeling

Simplify reimbursement modeling, workforce management, driver-based and capital expenditure planning

Effectively manage costs

Effectively manage costs with activity-based costing models across departments like emergency and outpatient care

Easily comply with changing

Easily comply with changing reporting regulations and new governance requirements

Tagetik unified corporate performance management software solution for the Healthcare industry

Integrated Business Planning
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Integrated Business Planning

Use a single enterprise planning solution to integrate sales forecasts and operational plans with financial goals and corporate objectives. Create operational models and perform ‘what-if’ scenarios to optimize costs, margins and profitability; while dynamically updating financial plans, budgets and forecasts.

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Capital Planning
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Capital Planning

Align finance with operations and standardize the capital plan and budget. Assess the impact on cash flows and profitability for purchasing or replacing equipment, funding research and development, opening new - or closing other - care units or facilities, other making other major expenditures.

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Cost Allocation & Profitability Analysis
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Cost Allocation & Profitability Analysis

Allocate direct and indirect costs for more accurate profitability analysis by HMO, hospital, care giver, service or region. By applying indirect (activity-based) costs and expenses to cost centers, entities, services, etc - finance gains a better picture of financial drivers and outcomes.
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Business & Operational Modeling
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Business & Operational Modeling

Model different operational and business scenarios, assess the impact and outcomes, then instantly incorporate results into budgets, plans and forecasts. Real-time data updates allows for variance analysis and what-if scenario playing without waiting for data synchronization, recalculation or reconsolidation.

HR Planning
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HR Planning

Get insights into how workforce changes, turnover, overtime, contract and detailed employee-level variables (salary, sick leave, bonus, benefits, new hires, transfers, etc.) affect the strategic plan, P&L, cash position and operational productivity. With Tagetik, finance, HR and operations are aligned.

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Seamless Close-to-Disclosure
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Seamless Close-to-Disclosure

Cut days off the monthly close cycle and accelerate management and external reporting with a single solution. Confidently manage and control journals, adjustments, intercompany eliminations and reconciliation, then seamlessly produce disclosure reports that provide drill-down to the underlying data.

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Reporting & Analytics
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Reporting & Analytics

With easy to use, packaged templates, all contributors - including non-financial and non-technical users - can report on key metrics and performance with Tagetik’s reporting toolset. Create custom reports, interactive dashboards, visualizations and ad hoc analytics - without depending on IT.

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Unified Corporate Performance Management
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Unified Corporate Performance Management

Automate and modernize key financial management processes using a single, enterprise software solution. Tagetik is the only solution that is purpose-built for finance, optimized for non-financial users and available on the Cloud, on-premise and your mobile device.



Tagetik Software is trusted by leading companies in the HEALTHCARE industry


HUNTERDON MEDICAL CENTER

Budgeting, Planning & Forecasting, Cash Flow Planning, Consolidation

Read the Case Study

Watch the video

Health Care Excel

Budgeting & Forecasting

Nexus Dayhospital

Financial Close (on cloud)

Testimonials

Customer Quotes

On Demand Webinar

How Providers Can Simultaneously Reduce Expense, Improve Operations and Increase Revenue

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