CostPro Plus - Manage Costs
Most other costing systems on the market are used solely for annual compliance purposes. These systems are rarely used to inform clinical or management decisions as the data is often too old to be seen as relevant. Depending on hospital size, some systems can also take over 24 hours to process data. Should an error be found at the end of this process, it will have to be rectified and the data re-processed, resulting in significant productivity roadblocks for staff.
CostPro Plus achieves compliance while also embedding cost data into the day-to-day management of the organisation. Uniquely, this web-based system comes with a bespoke data warehouse, which refreshes each night. The ability to create standard costs for services (e.g., minutes in theatre or on a ward, pathology or imaging tests, pharmacy) means that costs can be allocated on a daily basis, enabling managers and clinicians to view patient cost and review resource utilisation before a patient is discharged. Costs are then reconciled to the general ledger once it has been signed off each month.
Critically, the way CostPro Plus is configured means that any changes to the system (e.g., cost allocation adjustments) take minutes, not hours. This enhances the productivity of staff – who can spend their time analysing the output and providing true decision support – as opposed to endlessly tinkering with the system and making time-consuming
adjustments which act to limit their visibility and value to the organisation.