Med-Link is an outstanding tool for budget preparation. A complete cost analysis may be performed on all departments and procedures before final approval.
The global modification features of Med-Link
greatly simplify the task of preparing a budget. You define the
assumptions, such as Actual 1999, Budget
2000, Budget 2000 revision 1, etc. This
single feature of Med-Link will save hours of
tedious calculations.
Med-Link was designed to allow administrators
and department directors to concentrate on the development of
valid budget assumptions. When the budget is finished, Med-Link
provides a complete cost analysis using the new budget
assumptions. All assumptions may be copied from one set to
another. Assumptions may be copied, modified or deleted globally
(all departments) or by selected department(s).
Percentage changes may be made to each set of data. Of course,
any item (e.g., account standards, procedure volumes or charges,
allocations, revenue realizations) may be changed individually.
For example, you can change the rate of pay for a group of
employees such as department directors or nurses. Procedure
volumes and/or charges can be changed with varying percentages by
department, financial class or patient type.
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