Health Care Budgeting Software | Hospital Budgeting
Budgeting solutions for Hospitals and Healthcare Providers
Featured Case Study: Holland Bloorview Kids Rehabilitation Hospital
While hospitals and healthcare providers don’t need to make their budgets public, and there is no elected council to oversee all decisions, they do require budget approval by a Board of Directors. As such, hospitals and healthcare providers need a healthcare sector budgeting software solution that offers features to make the budget cycle a transparent one. Enter Questica’s TeamBudget suite.
In addition to offering the transparency that is required in today’s business climate, TeamBudget also allows hospitals and healthcare providers to deal with staff turnover and, perhaps even more importantly, to manage Full Time Equivalents. In fact, Questica’s healthcare sector budgeting software allows users to track and report on what is often the largest part of any budget – the employees – without affecting the accuracy of the budget and, perhaps more importantly, in a simple way.
Because TeamBudget will integrate with the majority of the current financial software, it can function as an ongoing management tool for those charged with budget preparation at hospitals and healthcare providers. With TeamBudget, they have the ability to develop, review and approve a budget before importing it back into their current financial system.
A hospital or healthcare provider requires the participation of all of its individual departments and programs during the budgeting cycle. Because our healthcare sector budgeting software solution is web-based, each department and program can submit the necessary information; this not only creates departmental accountability, but also allows each department to oversee its portion of the budget. And the ability to gather information from individual departments and programs also helps in the preparation of detailed and timely variance reporting.
Want to learn more? We provide regular web demonstrations of TeamBudget. Sign up for our next Demonstration.