Financial

Controlling costs and streamlining operations shouldn’t have to be a struggle.

At LOGEX, we believe that getting a grip on your performance should be a rewarding endeavour.

That’s why we’ve designed our solutions to give you clarity and control over finances and operations—while making it easier than ever to realize cost savings and optimize operations.


    It all begins with activity-based costing, but it doesn’t stop there.

    Our innovative activity-based approach gives you unparalleled insight into every aspect of your organization—resulting in decisions you can stand by and impact you can measure.

    We support our clients in three critical areas:

    Financial Control

    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. 

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    • Costing
    • Budgeting
    • Forecasting

    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.

    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. 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.


    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

    Physician Performance

    Better care begins on the workfloor, in the hands of physicians. When they feel supported and empowered to perform at their very best, the whole organisation wins.

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    Our Physician Performance insights help you:

    Quantify and benchmark performance

    Analyze how hospitals, departments and medical professionals perform against benchmark data.

    Optimize productivity, from diagnostics to care provision

    Find opportunities to improve consultations, surgeries, hospitalizations and more.

    Understand clinical vs. patient-reported outcomes

    Evaluate quality via procedural compliance and clinical and patient-reported outcomes.

    Understand patient characteristics

    Get a better grasp of patient population and segment it meaningfully.

    Appropriate care

    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.

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    Our Appropriate Care tools give you the means to:

    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.

    How does it work?

    We’re happy to show you how LOGEX solutions bring clarity to your data. 

    Contact us today for a live demo. 

    Real costs saved. Real stories.

    Let LOGEX Financial customers tell you how.

    LOGEX Financial

    Guarantee continuation of care: LOGEX assesses impact on production, capacity and costs for OLVG after closing of a neighboring general hospital

    Eva de Bres, Finance and Control Manager, OLVG

    Read the full story


      Request demo

      Please fill in the form below and select which domains you’re interested in. We contact you as soon as possible to schedule a demo.







        Request demo

        Please fill in the form below and select which domains you’re interested in. We contact you as soon as possible to schedule a demo.