The Med-Link Cost Accounting System may be licensed by your facility. Implementation
assistance and training is provided by HDS professionals to insure maximum benefit to you.
A cost effective alternative to licensing the Med-Link program is to engage HDS to perform a
complete cost analysis for your facility using the Med-Link system.
|
Advantages and Features | |
|
Licensing Med-Link |
Cost Analysis |
| Annual budget preparation
(productivity based) |
Lower cost by eliminating the license fee |
| Flexible Budgeting module | Lower personnel requirements |
| Equipment (capital) investments (buy/lease) may be evaluated | Cost may be updated annually at reduced consulting fees |
| "What if" analysis and projections | Data files developed by HDS would be available to your facility if you decide at a later date to license the Med-Link software |
| Continued use for periodic cost updating | On-site reporting capability. |
2. The Med-Link Cost Accounting module is required to use the Flexible Budgeting module.
3. Various "What if" analysis may be performed at any time with concurrent information for the following purposes:
a. Pricing managed care contracts.
b. Decisions concerning the purchase or lease of Equipment.
c. Bundling and pricing services such as OR procedures, labor & Delivery packages, etc.
d. Effects of volume changes based on new managed care contracts, population changes, and opening or closing of nearby health care facilities.
e. Evaluation of expansion of services into new market areas.
f. Evaluation of new services.
4. Costs may be updated at any time without incurring additional consulting expenses.
Unforeseen changes in volumes, opening or closing portions of the hospital, and employee union
contract terms may all indicate a need for a mid-year cost analysis.
5. Physician recruitment efforts may be evaluated for cost effectiveness.
Top of this page
To Budgeting/Projections
Back to Products and Services