Axiom EPM

Healthcare

Axiom EPM empowers Finance to improve Healthcare Financial Management 

Axiom EPM healthcare software is an integrated planning, budgeting and reporting platform that accommodates the unique requirements of hospitals and provider organizations. 

Axiom EPM’s solutions put Finance professionals in control by implementing familiar Microsoft Excel functionality for designing models, writing business rules and creating reports.

Operational Budgeting & Reimbursement Modeling 

Axiom EPM provides a statistically-driven approach to budgeting for healthcare organizations. With the help of an intuitive user-interface, Finance can easily model the impact of volume, rate and efficiency assumptions through revenue and expense plans across multiple versions or scenarios. 

Axiom EPM’s Reimbursement Modeling solution incorporates healthcare specific projection methodologies including per diem, per case, % of charge, case mix adjusted-per case, Medicare specific, and per visit. With Axiom EPM, hospitals and health systems can effectively streamline and integrate the process of modeling net patient revenue with the overall expense planning process.

Cost Accounting & Service Line Analysis

Axiom EPM’s Cost Accounting solution provides the ability to streamline the process of developing patient level costs (such as Direct Variable Labor, Direct Variable Supplies, and High-Cost Devices) in a flexible environment, to meet the changing needs of healthcare organizations.

Axiom EPM’s Service Line Analysis solution provides robust, multi-dimensional reporting insight into the volume, cost, revenue and margin trends that influence the bottom line. With this insight, key assumptions related to growth, cost and revenue can be modeled to support sound strategic and tactical planning.

Financial and Management Reporting 

Axiom EPM’s built-in reporting software provides decision makers access to the financial and management reports located in one trusted source. With highly flexible and configurable formats reports become actionable, providing drill thru capabilities that support root-cause analysis and trends. In turn, variances-to-plan can be investigated, summarized and easily identified. These interactive reports can be accessed online through the Web-client or automatically distributed through offline delivery methods (including e-mail). 

Forecasting

With Axiom EPM’s powerful financial forecasting capabilities, healthcare provider organizations can evaluate the impact external market drivers and internal business variables will have on consolidated financial statements, including key ratios.  With dynamic ‘what-if’ modeling, Finance users can project a forward-looking view of business performance simulating and comparing various business and financial outcomes. 

Strategy Management

Axiom EPM also helps organizations align their human and capital resources around initiatives that will best support their strategic planning.  Strategy Management from Axiom EPM enables key stakeholders across management levels to effectively evaluate trends in key performance indicators as well as provide forecast modeling to showcase the impact that initiatives or trends have on the business.  

Capital Planning & Tracking

Axiom EPM enables Finance to work in partnership with key stakeholders in the organization to ensure capital needs – across infrastructure, IT spend, new strategic initiatives - and their associated business benefits are clearly and consistently presented. Robust tracking and reporting tools provide organizations with visibility to their entire capital portfolio to ensure that projects truly align with the needs of the organization.   

Productivity Management

Axiom EPM’s Productivity Management solution allows users to define fixed and variable attributes which can be used in productivity reporting on various benchmarks. These flexible report layouts ensure that all business computations are clearly presented and well understood. Axiom EPM’s productivity solution gives managers the ability to evaluate and adjust the workload factors that exist at a charge item level. 

Physician Practice Planning

Axiom EPM’s flexible and configurable planning environment supports the sophisticated modeling required to accurately plan for Physician Practices.  Flexible modeling tools accommodate modeling at a physician level, incorporating detailed CPT and RVU-based calculations to support accurate revenue, compensation and expense planning.