DECISION SUPPORT

Discovery EIS
MIS Reporting
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Cost Accounting
Case Mix/Patient Costing

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ORMED MIS™
Decision Support Management for Healthcare

Med-Link:
Powerful, Flexible Decision Support at your Finger Tips

The Med-Link decision support system is designed to integrate, synthesize, and report on data from clinical and financial systems, allowing health care managers to make sound, cost-effective short-term and long-range operating and strategic decisions.

Med-Link is comprised of the Cost Accounting and Budgeting, Flexible Budgeting, and Case Mix/Patient Costing software modules.

Cost Accounting and Budgeting

The Cost Accounting and Budgeting module determines the full and incremental costs of providing goods and services to patients and customers at the procedure, product, and department levels, allowing you to make sound management decisions.

• Determine costs based on historical methods of charging for services
• Determine costs by product or product line
• Determine full and incremental costs by revenue centre or department
• Evaluate the purchase or lease of equipment, or the bundling of services (OR procedures or labor and delivery packages, for example)
• Evaluate the effects of volume changes based on new managed care contracts, population changes, or the opening and closing of nearby health care facilities
• Evaluate the expansion of new services or into new market areas
• Evaluate cost-effectiveness of physician recruitment
• Mitigate financial risk now and in the future

Budgeting with Med-Link

Med-Link is a powerful tool for budget preparation, allowing a complete cost-analysis on all departments and procedures before final approval, and enabling administrators and department directors to concentrate on the development of valid budgetary assumptions.

• Save hours by defining budget assumptions (Actual 2009, Budget 2010, Budget 2010 Revision 1, etc.)
• Perform budget preparation and cost updates at any time with existing resources
• Copy budget assumptions from one set to another, then modify or delete them globally or by selected department
• Make percentage changes by account standards, procedure volumes, charges, allocations, or revenue realization

Flexible Budgeting

Flexible Budgeting, fully integrated with our Cost Accounting and Budgeting module, allows you to “flex” the current budget based on actual charge item volumes, allowing administrators and department directors to monitor actual performance.

Actual charge volumes and revenue are effortlessly downloaded and imported to Med-Link each month using interface utility programs provided with the system.

• Actual service units are calculated automatically, providing a comparison to the budgeted volumes for each service unit
• Budget amounts for each account are automatically increased or decreased based on the variability of the accounts in relation to the actual service unit volumes
• Analyze budgetary variances by total variance, efficiency variance, and rate variance

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Product Data Sheets

Discovery EIS can be seamlessly integrated with many ORMED MIS applications for full access to data collected and processed across the organization and easy

report generation and distribution:

Finance Management

Supply Chain Management

Human Resources Management