|
Budget
Budget Parameters
Cost Center Review
Staffing
Roster
Operating Expenses
Revenue
Spreads
Reports
|
Budget....
The IMS system contains an integrated budgeting system which incorporates the latest 12 months history along with the current estimated fiscal year actual and applies that data to a set of budget parameters established by executive management. This produces a system generated budget without any intervention from the cost center managers. The system generated budget is then made available to the cost center manager for review and refinement.
SCOPE OF THE BUDGETING SYSTEM
| • Budget Parameter screen allows the user to enter the following : |
| • Volume Drivers= Admissions, Days, OR Cases and an Outpatient Percent. |
| • Revenue Goals |
| • Productivity Goals |
| • Overtime Goals |
| • Inflation Rates |
| • Salary Rate adjustment for employees |
| • KVI’s can be budgeted at the procedure level |
| • The system Calculates the
Required FTE's for all hours categories including: |
| • Direct |
| • Indirect |
| • Worked |
| • Benefit |
| • Paid |
| • Overtime |
| • Performance and Productivity Goals |
| • Direct Hours Per KVI |
| • Worked Hours per KVI |
| • The cost center Employee Roster is used to calculate accurate FTE's and salary dollars by individual by: |
| • Account |
| • Employee Type |
| • Natural Hours Category |
| • Paid |
| • Benefit |
| • Overtime |
| • On Call |
| • Shift Differential |
| • Other Operating Expenses are budgeted at the Account level and volume adjusted when appropriate. |
| • Revenue |
| • The System produces a 12 month spread for KVI, Revenue and Expenses. |
| |
|