HEALTHCARE

Software Designed to Manage

Your Unique Budgeting Needs

Budget Solutions for Hospitals and Health Care Providers

The health care landscape is evolving and hospitals and medical facilities need a budgeting solution that will evolve with it. These entities no longer need to rely on messy and unsecure spreadsheets, which lead to unregulated workflow and convoluted communications. Instead, through Questica, they gain a platform that isn’t only flexible and scalable, but will stay on top of industry best practices and regulations.

Questica’s health care budgeting software provides hospitals and facilities the versatile solution they need, while also maintaining security and regulatory compliance. Knowing the importance of privacy in the industry, all of Questica’s products can be tightly controlled through robust security configurations, ensuring only those with appropriate clearance have access to the data.

Operating

Questica Budget Operating is our specific forecasting and operating budget solution. Through this platform, hospitals and health care facilities increase visibility into their financials, boost transparency and better control their biggest cost – their staff – with the Salary and Position Planning module. The salary and position function allows facilities to see how changing resource allocations can affect their budgets years down the road.

Capital

Questica Budget Capital is our Capital Improvement Planning, forecasting and capital budgeting solution. The Web-based platform works for any sized facility, allowing it to plan for multiple future scenarios and create multi-year budgets. It also gives hospitals and health care providers the ability to separate department budgets, providing each division the exact tools they need to plan and meet their financial goals.

Looking to evaluate the cost to construct or upgrade a new unit and also want to know what the on-going annual operating impact will be? You need Questica Budget Capital!

Salary / Position Planning

The Questica Salary module supports the ability to accurately model and forecast all costs associated with positions and employees. Each Position is associated with a default GL Account and is then assigned a pay grade, step, contract, pay scales and benefits (start and end dates can be associated to each). Union affiliations, job titles, and job numbers can also be entered for each employee and each employee can be allocated to a position or multiple positions in different departments or funds. Position costs can be generated for an unlimited number of years and can be broken down on an hourly, monthly or yearly basis. Each position’s cost can be associated to any one (or multiple) departments or costing centers.

The Staff Planning module allows health care organizations to link budgets to staff schedules and more accurately account for the non-productive time like vacation and sick days that must be covered when minimum staffing requirements exist for a particular Unit or floor.

Performance

The Questica Performance module allows health care organizations to establish, track and manage their overall corporate objectives. This tool includes the ability to establish measures, define performance targets or objectives and track and report performance towards meeting these objectives. With data feeding from multiple sources including Questica Budget, the Questica Statistical Ledger and other external data sources, Questica Performance allows health care organizations to consolidate and manage all performance related information and metrics in a single solution.

Looking to track cost per patient day, establish a cost/day target that you would ultimately like to achieve and monitor performance over time towards achieving the target? You need Questica Performance!

Benefits of Questica’s health care budgeting solutions include:

  • Replacement/schedule costs management
  • Statistical data management
  • Performance metrics and management
  • Grant and donation management
  • Actual cost versus budget tracking
  • Multi-year budgeting
  • Unlimited versioning
  • Staffing pattern analysis
  • Workflows and approvals
  • Flexible installation: In-house servers or the cloud
  • Depreciation analysis and management
  • Variance reporting
  • Configurable reports
  • Integration with more than 25 ERP systems

To learn more, request a demonstration of Questica’s products today.

Related Resources

Hospital and Health Care Budgeting

Brochures and Technical Specs
Health Care

Hospital and Health Care Budgeting

Features and Benefits of Questica Budget for Hospitals and Health Care Institutions

Holland Bloorview Kids Rehabilitation Hospital

Case Studies
Financial System Integration

Holland Bloorview Kids Rehabilitation Hospital

Population: 7,000 Budget 81,800,000 State/Prov: ON

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