How LOGEX helps Gelderse Vallei Hospital translate JZOJP initiatives to impact on production budget
About the client
Gelderse Vallei Hospital (ZGV) has been working with LOGEX for several years to increase its grip on the P&C cycle. The hospital is also actively working on Correct Care in the Right Place (JZOJP). The insights from LOGEX reflection sessions were used to analyse the practice together with the medical specialists and to formulate efficiency initiatives.
The challenge
The hospital faced the challenge of accommodating the increasing demand for care in the hospital in its production budget – within the framework of the health insurers and the national master plan agreement.
The ZGV formulated 15 initiatives to deliver more efficient care. Each topic was carefully identified based on an analysis of care processes and practise variation.
Calculating the effect on the patient’s entire care process is complex. LOGEX has supported ZGV in this process.
The solution
LOGEX helped ZGV to quantify the effects of each initiative so that the hospital could draw up a well-substantiated production plan and hold constructive talks with professional groups and health insurers.
The expected turnover reduction of the initiatives was such that it was possible to align the production budget with the agreements with the health insurers.
The help of LOGEX was enormously valuable to make our JZOJP initiatives more specific, enabling a translation into the financial budget. This also helped the consultation with the relevant departments.
Remco Siemes, Production Controller, Hospital Gelderse Vallei
Financial Control
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:
Calculate, apply, and optimise
Make cost calculations for healthcare providers that are easy to understand, apply, and optimise.
Maximise 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.
Deliver, regulate and meet 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.
Bring down costs by providing the right treatments, at the right time. We help you take the first step, starting with a critical assessment of treatment options and care processes.
Reduce variation among physicians and providers
Identify unwarranted variation in treatment decisions and care processes.
Deep-dive into data adjusted for meaningful differences
Compare disease-specific peer group selections adjusted for case-mix, patient characteristics and complexity scores.
Elevate commissioner contracts from volume- to value-based
Establish objective indicators to qualify for innovative value driven contracts with commissioners.
Benefits
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
Hosting
- Fully hosted and secure
- No need to rely on internal IT infrastructure and resources or invest in expensive infrastructure
Engagement
- Integrated analytics so less reliance on Trust-wide BI infrastructure
- Unlimited use
- Full access control
- “Live” system enables use in meetings
Pricing
- Fully inclusive annual subscription with no hidden extras
- All Technical Consulting support included
- Unlimited use included
- Analytics included
Speed
- 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
Implementation
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
The impact
- LOGEX made a calculation of 15 initiatives, in which a specific objective was set for each topic
- LOGEX simulated the effects of each initiative using data analysis to determine the impact on the number of healthcare products and care activities
- LOGEX then provided clear reporting of all calculation steps, so that each topic could be discussed by the hospital with the departments