How Adelante makes their budgeting process more efficient and effective with LOGEX Budgeting
About the collaboration
Adelante is a care group for rehabilitation, special education and audiology. For over 50 years, the rehabilitation center has meant a lot for rehabilitation medicine in the Netherlands and especially for rehabilitation patients in Limburg. With a focus on research and innovation, Adelante is a progressive care institution, accessible to everyone who needs it. Adelante, like a large number of other rehabilitation institutions, uses the LOGEX unit cost analysis on behalf of the NZa.
Adelante opted for LOGEX Budgeting solution to get a better grip on the balance between revenues and costs in the budgeting process. As existing users of LOGEX Costing they have now linked LOGEX Budgeting solution to gain even more insight into their financial process.
The challenge
Before working with the LOGEX Financial Control Suite, Adelante worked – as many other organisations do – with separate spreadsheets. This increased the risk of working with the wrong data or budget version, and it made handing a clear overview of the costs much more difficult. It left Adelante with a budgeting process that was very time-consuming whilst management struggled to have on-time insight into the company’s performance.
Robert Hooghiemstra, Director of Advice, Policy and Control at Adelante wanted to streamline this entire process, to help management be better informed of the financial situation during the budgeting process and able to make more accurate budgets.
The elimination of spreadsheet errors, the real-time insight into the costs and budgets, next to the ability to quickly adjust the budget parameters, are in my opinion, the greatest advantages of the LOGEX Budgeting solution.
Robert Hooghiemstra, Director of Advice, Policy and Control (Adelante)
The solution
The LOGEX Financial Control Suite combining LOGEX’s Costing, Budgeting and Forecasting solutions 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.
With our Costing and Budgeting solution, Adelante could easily and efficiently collect and control data. Because the solutions are directly linked, there is no need to fill in data twice or to upload it separately.
The result is incredible: Adelante’s budget can now be completed in almost half the time.
In addition, managers are much more involved in drawing up the budget because they have insight into the most important data – in real time.
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
At LOGEX, we understand that getting a grip on your data and performance should be a rewarding endeavour.
Our models give you clarity and control over your operational and financial performance. Clarifying costs and optimising processes will be easier than ever!
Impact created with LOGEX Budgeting
- An improvement of 4 on a scale of 5 in terms of gaining insight into data
- Elimination of a large number of spreadsheets (with risk of errors)
- Smooth calculation of capacity planning.
- Up-to-date budget information is always accessible for all stakeholders.
- No more ambiguity about versions.
- The ability to work with and switch between scenarios quickly and easily
- Always a connection between FTEs/employees and financial budget.