LOGEX assesses the impact on production, capacity, and costs for OLVG after the closing of a neighbouring general hospital
About the collaboration
OLVG is a hospital in the greater Amsterdam area, with locations in the East and West. OLVG has been at the heart of the city’s healthcare for over a century and a half, playing a central role in improving care and contributing to healthier living in the urban landscape of Amsterdam.
LOGEX and OLVG have been working together for over ten years. LOGEX was a key partner in providing the clarity OLVG needed to make critical decisions when merging with Sint Lucas Andreas Hospital in 2015.
In 2018, MC Slotervaart, another city hospital in Amsterdam, was on the edge of closure. OLVG considered taking over a large part of the care was asked to step in to safeguard the continuation of care and turned to LOGEX to accurately assess the potential impact on OLVG’s capacity, revenues and costs.
We wanted to measure, record and monitor the impact of additional volumes from a takeover of another hospital on our own capacity, revenues and costs.Eva de Bres, Manager of Strategic Sales
Formerly Finance and Control Manager, OLVG
During the high-intensity run-up to MC Slotervaart’s closing, we ran multiple scenarios with the OLVG team to assess the potential impact accurately. LOGEX’s activity-based management methodology gave OLVG the clarity needed to quantify the additional resources required per department—number of clinicians, nurses, and other personnel —and help OLVG guarantee uninterrupted care delivery in Amsterdam.
LOGEX Financial solutions enabled OLVG to make data-driven decisions leading to the partial takeover continuation of MC Slotervaart’s care by delivering accurate, reliable information, including complex decisions on investments, prices, and required guarantees. In addition, leaning on insights from LOGEX Financial solutions, OLVG accomplished multiple negotiations with payers (insurers), regulators, and the municipality of Amsterdam in a short time.
Our Financial Control suite enables you to gain mastery over patient volumes, resources and finances for the entire organisation, leading to better financial performance—with the numbers to prove it.
We cover the full spectrum of financial and operational processes, from costing and budgeting to forecasting and contracting.
Our activity-based costing model empowers you to:
Simplify cost calculations
Make cost calculations for healthcare providers that are easy to understand, apply, and optimise.
Optimise resource allocation
Allocate resources and costs to patients, care activities and episodes.
Improve through benchmarking
Benchmark unit costs with national and international peers to identify areas for improvement.
Meet regulatory standards
Deliver information to national regulators automatically and in full compliance with National Cost Collection requirements.
Our activity-based budgeting model makes it possible to:
Build and benchmark budgets
Seamlessly link volumes, resources and finances in one budget.
Anticipate and respond to future demand
Match the deployment of resources and manpower to the future demand for care.
Zero in on areas for improvement
Determine how portfolio choices impact operations, and spot areas for improvement.
Involve physicians and managers in budgeting
Bottom-up budgeting functionality facilitates collaboration with non-financial stakeholders.
Our forecasting model enables you to:
Forecast and monitor volume, revenue and cost
Stay on top of expected vs. realised volumes, revenues and costs on a near real-time basis.
Analyse and factor risk into payer contracts
Automate value-at-risk calculations for all contractual agreements with commissioners.
Leverage machine learning algorithms
Build and maintain reliable, easy-to-access forecasts based on machine learning algorithms.
Produce timely, compliant reports with ease
Deliver periodic financial results that are fully compliant with national regulations.
Overall ease of use
Simple navigation with a full audit trail integrated analytics and benchmarking. No need for internal SQL skills. Costing practitioners and Trust colleagues can focus on engagement and identifying performance improvement opportunities
- Fully hosted and secure
- No need to rely on internal IT infrastructure and resources or invest in expensive infrastructure
- Integrated analytics so less reliance on Trust-wide BI infrastructure
- Unlimited use
- Full access control
- “Live” system enables use in meetings
- Fully inclusive annual subscription with no hidden extras
- All Technical Consulting support included
- Unlimited use included
- Analytics included
- Fast set up and model build
- Make changes live and use for discussion in meetings
NHSI submission requirements
- Easy visualisation of how your costs relate to NHSI categories
- Automated submission outputs
Fast turnaround with limited input required from the Trust team
More value from Costing data
- Use costing data and methodology for budgeting, forecasting, and costing care pathways
- Fully integrated financial management control platform
System working and benchmarking
- Easily configured to support group working
- Integrated benchmarking to identify performance improvement opportunities
With insights drawn from LOGEX Financial solutions, OLVG was able to:
- Quantify required additional resources and record them in an adjusted budget
- Monitor additional care based on patient characteristics using our Forecasting model
- Measure performance against targets and plans across the hospital from board level down to ward level, using our Budgeting model
- Identify and take action on specific opportunities for efficiency
LOGEX Financial Solution provides the degree of information accuracy required for our management team and clinicians to take important strategic and operational decisions with confidence.Jeroen van Roon, Chief Financial Officer, OLVG