The Uncertainty Challenge: Planning Your 2021 Budget

Most healthcare providers use traditional annual budgeting processes, but the significant impacts of COVID-19 have made current budgets virtually unusable and introduced tremendous uncertainty into future assumptions.

Amid so much uncertainty, healthcare finance professionals are asking why, how, and when to budget.

The 2021 budget planning process is unlike any other, requiring adjustments to align established financial planning targets down to an operational level and setting new performance improvement expectations.

Baptist Health Care Taps Syntellis Performance Solutions to Strengthen Rolling Forecasting, Expedite COVID-19 Recovery

CHICAGO – July 9, 2020 – Syntellis Performance Solutions, the leading provider of enterprise performance management (EPM) software, data, and analytics solutions, announced today that Baptist Health Care, based in Pensacola, Fla., has added the Syntellis Axiom Rolling Forecasting module, expanding their existing partnership with Syntellis. Baptist Health Care will use the new capabilities to improve agility amid the unprecedented financial challenges caused by the COVID-19 pandemic.

Axiom Healthcare Suite

Financial Planning and Decision Support Software
for the Complexities of Hospitals and Health Systems

Contract Management

Estimate net revenue by patient and manage contracts, claims, and payments

Enterprise healthcare software

Enterprise Planning


Utilize best-practice financial planning approaches to streamline planning processes and plan for the future. Our software helps hospitals, health systems, and physician practices take action and ensure financial success.

 

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Long Range Financial Planning

Prepare for the future, quantifying the impact of changing market conditions and supporting new initiatives

Capital Planning & Tracking

Support a structured, disciplined approach to capital management and allocation

Operational Budgeting

Streamline budgeting process and integrate financial plans using methods designed for healthcare

Performance Reporting

Create compelling and interactive dashboards, scorecards, reports, and data visualizations that focus your attention on the areas that need it most

Rolling Forecasting

Accurately predict future financial results based upon to-date performance

"It’s helpful that we have a team that is so supportive of using the Axiom system that it helps the end users, who are actually doing the budgets, to more readily adopt it.”


COURTNEY BURKE
Manager of Financial Planning and Analysis, Steward Health Care System 

 

Enterprise Decision Support

Axiom Decision Support for Healthcare

 

Drive performance and decision-making with a single, trusted source of financial and clinical performance measures

  • Data-driven decision support with insightful views of volume, cost, and profitability measures 

  • Next generation cost accounting with sophisticated cost assignment methods provide transparency into performance across patient populations and service lines

 

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visual insights chart for axiom solutions

Reporting & Analytics

Leaders no longer have to rely on manual processes or compiled spreadsheets, with Axiom Intelligence, organizations can analyze and visualize financial and operational data to identify and highlight trends, variances, and improvement opportunities. Axiom Intelligence brings data together with advanced reporting and visualizations, providing a powerful, web-based, intuitive reporting environment that supports dashboards, ad hoc reports, and spreadsheet views — all within an easy-to-use interface. Axiom Intelligence supports a breadth of reporting needs, from department variance analyses to Board packages and everything in between.

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Contract Management


Our contract modeling and analytics tool helps organizations better predict and manage payments and leverage a data-driven approach for payer negotiations. Estimate net revenue by patient and better manage contracts, claims, and payments.

 

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Clinical Analytics Dashboard

Clinical Analytics 


Quickly identify areas for improvement, while providing simultaneous access to utilization, quality, patient satisfaction, and cost data, alongside internal and external benchmarks. Target undesirable variation in care to eliminate or decrease performance gaps.

 

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Comparative Analytics dashboard

Comparative Analytics


Use internal and external financial, labor, and utilization comparisons in near real time to pinpoint financial performance improvement opportunities. External comparison data is refreshed monthly, offering healthcare providers the industry’s most timely access to current financial analytics.

 

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Strategy Management software

Strategy Management


Streamline the process of identifying, prioritizing, and approving new strategic initiatives. Key stakeholders can easily collaborate on the business issue, define the corrective course of action, quantify human and capital resources needed, and provide a forward-looking view of expected business benefits and impact.

 

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Professional Services & Implementation

Meet a few of our 50 healthcare focused team members

 

Axiom healthcare implementation team

Realize the full value of your investment. We'll get you started with our proven methodology for success.

Our team of healthcare consultants are all former finance professionals at top-tier hospitals and health systems. They were hand-picked for their expertise in their role.

We’ll challenge your organization to think differently, but you won’t be alone. From implementation to go-live and beyond, our consultants will help you gain the most from your Axiom Software investment. With a 100% implementation success rate, you'll be set up for long-term success.

 

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Tech Specs

 

System Information

  • Cloud hosting on Microsoft Azure
  • Microsoft® .NET interface that leverages Microsoft® Excel®
  • Full browser compatibility
  • iPad App
  • Word and PowerPoint Integration
 

Automated Data Integration

Includes a robust, highly configurable data connector that can be set up to connect to a variety of data sources in a matter of minutes - like Epic. You can select the frequency of automatic synchronization. Our open integration ensures that you can connect to virtually any data source for clean, trusted data.

Security & Compliance

  • Role-based security for complete control over how your data is accessed and shared
  • SSAE-16 SOC Type II (SOC2) audited by BDO USA, LLP according to AICPA standards
  • Microsoft’s Azure HIPAA Compliance framework which includes a BAA Contract Addendum, as well as ISO 27001 audit controls
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