Guarantee continuation of care: LOGEX assesses impact on production, capacity and costs for OLVG after closing of a neighboring 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 the improvement of care and contributing to healthier living in the urban landscape of Amsterdam.
LOGEX and OLVG have been working together for over 10 years. LOGEX was a key partner in providing the clarity OLVG needed to make critical decisions when it merged 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 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, LOGEX ran multiple scenarios with the OLVG team to accurately assess potential impact. LOGEX activity-based management methodology gave OLVG the clarity it needed to quantify the additional resources required per department—number of clinicians, nurses, and other personnel, among others—and help OLVG guarantee uninterrupted delivery of care in Amsterdam.
By delivering accurate, reliable information, LOGEX Financial solutions enabled OLVG to make data-driven decisions leading to the takeover partial continuation of MC Slotervaart’s care, including complex decisions on investments, prices, and required guarantees. Leaning on insights from LOGEX Financial solutions, OLVG accomplished multiple negotiations with payers (insurers), regulators, and the municipality of Amsterdam in a short period of time.
Our Financial Control suite enables you to gain mastery over patient volumes, resources and finances for the entire organization, 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:
Calculate, apply, and optimize
Make cost calculations for healthcare providers that are easy to understand, apply, and optimize.
Maximize the flow of resources
Allocate resources and costs to patients, care activities and episodes.
Benchmark and improve
Benchmark unit costs with national and international peers to identify areas for improvement.
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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. realized volumes, revenues and costs on a near real-time basis.
Analyze 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.
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 Solutions provide 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