Healthcare Industry
Budgeting Software for the Healthcare Industry
The healthcare industry involves extensive labor management that oversees wages and benefits for staff members. Prudent budgeting and realistic forecasting empower healthcare administrators to make informed staffing decisions.
With Solver's HIPAA-compliant technology for healthcare, you can create a customized budgeting and forecasting solution for your hospital or healthcare facility.
Healthcare Budgeting Software Solution From Solver
The budgeting and forecasting module within our Solver CPM Software Suite includes a broad range of features that improve healthcare operations, including:
- What-if analysis and modeling: Create what-if analyses and models that show how manipulated variables will impact your budget. Discover how grants, funding and staffing changes will affect the rest of your finances.
- Complete budgeting and forecasting workflow: Assign tasks across departments seamlessly. Your staff will receive automatic notifications to keep them on track in a busy healthcare environment.
- Unlimited budget versions: Design endless iterations of your budget to account for different variables. With multiple budget versions, you can plan for various staffing and funding situations.
- Text comments: Add text comments to any budget or forecasting data that needs clarification or context. Make communication clear among your staff members with these custom entry boxes.
- Automatic budget spreading: Divide a budget amount across the period you specify. Budget spreading will enable you to break an annual budget into monthly or quarterly budgets for clearer planning.
- Input budgets for multiple years, months, weeks or days: Develop repeat budgets for regularly occurring expenses and income. This feature makes it simple to record the cost of regular supply deliveries and income from outside funding.
- Budgeting in any area and at any level of detail: Divide and specify your budget to the extent that works best for your facility. With Solver, you can create custom budget fields and add as many details as you need to record every earning and expense.
- Excel design, web delivery: Design input forms with a modern, cloud-connected Excel add-in. A cloud-based web portal enables your staff to access budget data from any facility with an internet connection.
- Allocations: Set allocations for vital spending categories to keep your facility on track. Assign budgets and staff salaries that meet your healthcare organization’s operations strategies.
- Templates and user-defined input forms: Build a budget with one of our templates or create a custom input form. Our healthcare-specific templates will get you started with budgeting across your departments.
- Complete integration with the Solver suite: Work across our budgeting, reporting, data warehouse and dashboard modules. Every task you complete in the budgeting module will integrate with data in other modules for better inter-department workflows.
Advantages of Budgeting Software for Hospitals and the Healthcare Industry
Let Solver help your facility manage labor costs and other expenses. Our healthcare customers use Solver’s hospital budgeting software to:
- Develop focused strategies that include finances and operations
- Optimize staffing levels
- Track financial performance
- Discover trends in spending and revenue
- Improve spending and staff efficiency
- Set data-informed financial goals
Experience the Best Corporate Performance Management
Healthcare Budgeting Software
At Solver, Inc., we provide performance management solutions to customers across the globe. Request a demo or make a sales inquiry by contacting our representatives online. You can also check out examples of our healthcare financial planning software in action or learn more from our Solver Template series. Solver and our global partner channel will assist with implementations and long term support to aid healthcare organizations in monitoring performance and in meeting targeted goals and objectives.
