Tired of wondering whether your services are cash flow positive? We can help.
PatientsDB shows you margins and true costs on every patient. You see your entire annual financial statement displayed in terms of your patients, your services and the professionals who provide them. Up to the current moment. All at the click of a button.
Seeing and reacting to case margins is key to maintaining profitability. But think about this: How long would it take you to calculate the margins and true costs on every patient? Doing it right could take weeks and weeks of accounting time. Or months. Painful. Too little, too late.
PatientsDB does it in seconds. A P&L statement on every patient, every visit, every procedure. In one click. So clinicians and managers can improve labor and supply productivity and build case margins in the patient care setting, while there’s still time to make a difference.
How? At patientsDB we have something special. Our cost and revenue allocation system accounts for every penny in your GL. It tells you exactly how many resources are consumed in labor, supplies and time for every case, across all your sites. Displayed against the exact cash reimbursement each case brings in, whether from capitation, bundled payment, or FFS. All on one line. Simple.
Our allocation technology is what makes patientsDB different. It allocates costs in proportion to the resources you actually use while caring for patients. You've probably heard about activity-based cost or ABC accounting. PatientsDB takes advantage of a recipe for mixing ABC accounting and other precision allocation tools. So physicians, managers and executives see cash flow and margins on every case, every day.
Knowing your true costs and margins can put you weeks and weeks ahead. You see cost overruns immediately instead of weeks or months later. So you demonstrate value and maintain solvency at the same time. Easy.
A system built by healthcare professionals for healthcare professionals. We built the prototype of patientsDB for ourselves on the job in a busy hospital. Why? To solve the same challenges you face every day. So when you call for support, you’ll be talking to a colleague, not just a technician. Your choice: Installed inside your firewall or provided as a cloud-based service. Our software-as-a-service (SaaS) paid monthly as an operating expense will save you money and avoid costly capital outlays, and offers a much lower total cost of ownership (TCO). Try before you buy: Our proof-of-concept trial offer lets you test the waters using your own data.
PatientsDB: Case margins in seconds.