Higher Education Capital Planning and Tracking - Retheme
Create and evaluate multi-year capital projects and their financial impact
Axiom™ Capital Planning and Tracking combines best practice higher education and corporate finance principles into a powerful solution.
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Standardize capital requests, evaluating the impact of multi-year capital projects on the balance sheet, cash flow, and statement of activities
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Align projects with institutional strategy, ranking potential projects, and initiatives
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Streamline the approval process, managing requests and approvals with flexibility
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Easily manage and track approved capital projects with dashboards and visualizations
Improved capital planning consistency, objectivity, and visibility starts here
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HE Integrated Strategic Financial Planning - Retheme
Strengthen Your Financial Position
Eighty-four percent of senior finance professionals believe their colleges or university should better leverage financial data to make more informed decisions. Syntellis’ Axiom™ Strategic Financial Planning empowers higher education finance teams with the data needed to remain agile, ensure flexibility, and develop long-term plans to quickly respond as circumstances change.
Build Strategic Plans with Full Visibility into Financial Impact
Gain full visibility into the multi-year financial impact of initiatives and generate forward-looking financial statements — including a GAAP-based statement of activities, balance sheet, and cash flow statement.
Create and Compare Multiple Financial Scenarios
Create an unlimited number of scenarios, mixing and matching the baseline models, initiatives, and drivers. Compare scenarios side-by-side — with full traceability to the underlying assumptions — and quickly address questions to build consensus and move forward.
Speed Time to Action with Dashboards and Visualizations
Communicate long-term plans using dashboard outputs to show the impact of external factors and financial implications, empowering stakeholders to make informed decisions and ultimately improving revenue streams and resource allocation.
See why leading universities and colleges rely on Axiom to plan for the future
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Solution - Market Reimbursement Intelligence - Rethemed
Maximize reimbursement rates with market-specific intelligence
Negotiate reimbursements confidently
With unprecedented transparency into reimbursement rates, Market Reimbursement Intelligence makes it easy to objectively compare rates and equips healthcare leaders to negotiate fair reimbursement with payors.
Analyze ROI potential and improve forecasting
Champion growth and acquisition targets with the highest potential of success. Market Reimbursement Intelligence leverages Payor Rate Transparency data and proprietary 835 All-Payor Claims Data (APCD) to analyze market rates by payor, provider, CPT code, and/or service line to deliver insights into your financial opportunity. This makes it easy to assess the revenue potential of entering new markets, forecast future revenue, and view market reimbursement rate trends over time to accurately gauge revenue growth potential.
Choose from multiple curated, market-specific datasets
Payor Rate Transparency
Through the federal Transparency in Coverage rule, enacted in 2022, health plans and health insurers are required to publish rates for the healthcare services they cover. Strata provides access to insurers’ published rates in our Payor Rate Transparency (PRT) datasets.
APCD 835 Remit
Market Reimbursement Intelligence also leverages Strata’s proprietary All-Payor Claims Data (APCD) to analyze market rates by payor, provider, CPT code, and/or service line to deliver insights into your financial opportunity.
Objective Market & Provider Comparisons
Curated and easily accessible state, market, and product line data help you better understand providers’ reimbursement trends and your risks and opportunities. Evaluate reimbursement rates at a granular level, including office visits, surgical procedures, and diagnostic and therapeutic services, as well as services at outpatient hospitals and ambulatory surgical centers.
Market Opportunity Visualization
Guide strategic growth with referral, market share, and patient origin and migration data.
Improve Market Understanding
Our proprietary database of 837 All-Payer Claims Data (APCD), state, and CMS data powers an interactive claims visualization dashboard so healthcare leaders can discover growth opportunities, analyze acquisition targets, support service line development, and identify patterns — including patient origin, referrals, and out-migration.
Gain Dynamic, Visual Intelligence
Market Opportunity Visualization makes it easy to generate up-to-date graphics, reports, and charts in seconds to assess market share, understand facility usage, improve physician relations, and more.
Patient Origin & Out-Migration
An interactive claims visualization dashboard that leverages our curated and proprietary 837 APCD to provide insights into where your patients seek care, so you can identify growth opportunities and address out-migration.
Referral Patterns
Leverages our APCD to identify referral leakage in your network. This module helps align growth and retention strategy with your physicians by mapping referrals to and from physicians within a service area to visualize physician-specific behavior.
Empower Organizational Alignment
Align stakeholders with a centralized repository of insights and visualizations that boost strategic decision-making and growth — all automatically updated using the most current intelligence.
Lexington Medical Center
"Market Opportunity Visualization has made presenting market share to our board a super simple and stress-free process. Thank you!"
Savannah Toppler, Senior Strategic Planning Analyst
Market Share & Trending
Uses state data to deliver critical intelligence on your market and patients’ behaviors. Identify trends and changes in market demographics, calculate your share in the market, and see trends in patient origin, payer mix, and service lines.
Solution - Market Opportunity Analysis - Retheme
Uncover market opportunities for strategic growth.
Harness the power of data to identify market growth opportunities
Our rapid data query engine allows you to quickly query large, complex datasets in multiple ways to get the insights you need. Leveraging our easy-to-use reporting and analysis interface, you can reliably answer questions about market share, utilization, physician loyalty, payer types, and more.
Gain actionable insights with robust reporting and intelligence
With just a few clicks, access in-depth and up-to-date standard intelligence reports — including market share, patient origin, cost reporting, and demographics — as well as market insights projections for volume. Templated, easy-to-understand reports allow for streamlined analysis and growth planning across departments.
Our Lady Health System
"Market Opportunity Analysis gives a good picture of our markets and provides an opportunity to see many different slices of the data. Plus, it's rather easy to produce. In less than a week, I was distributing reports to my team.”
Decision Support Analyst, Franciscan Missionaries of Our Lady Health System
Align teams for effective growth planning
A centralized intelligence repository ensures teams are aligned without constantly rebuilding reports and queries. Empower team members’ self-sufficiency with access to automatically updated reports while you maintain editorial control.
Solution - HE Tuition Planning - Rethemed
Accurately project tuition revenue
Axiom Tuition Revenue Planning software models an unlimited number of tuition rates and fees and applies them to any level or combination of detail users need. College and university leaders can easily compare potential courses of action by creating scenarios to mix and match assumptions and initiatives.
Rate Changes
Easily create scenarios that show the impact of tuition rate changes
Tuition revenue
Better predict tuition and fee revenue, as well as adjustments like scholarships, waivers, & differentials
Unified data
Create a single source of truth by aligning data from multiple systems
Integrated processes
Connect tuition planning with operational budgets and long-range plans
“Axiom Tuition Revenue Planning has significantly reduced our staff time and has increased data accuracy.”
Angie Martin
Vice President for Financial Planning and Chief Budget Officer, University of Kentucky
Accurately project revenue and fee revenue using real-time data to model multiple scenarios
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Solution - HE Labor Planning
LABOR PLANNING
Align Staffing with Budget
AxiomTM Labor Planning software offers a sophisticated approach to salary and benefits planning that leverages your institution’s human resources data, driver assumptions about future rates, and budget input. Leaders can plan by position or employee for stable and highly compensated positions or by job code or job type for more variable positions, such as student workers.
Apply Rates
Handle multiple fringe benefit rates and apply to appropriate salaries
Secure System Integration
Integrate HR and payroll systems to pull in employee data
Create New Positions
Incorporate bargaining unit and appointment data on position types
Avoid unexpected costs with software that forecasts implications of future staffing decisions
Featured Resources
Solution - HE Budgeting and Planning - Rethemed
Streamline the budget process. Eliminate the spreadsheet shuffle.
AxiomTM transforms the planning and budget development process. Finance professionals can create reliable plans and analyses and model different business segments.
Users across your school can review annual and monthly budget views and drill-down to see details for each general ledger category. Workflows trigger notifications for plan review, approval, or overdue submissions. Spend less time on manual efforts collecting spreadsheets and more time on strategic analysis and decision making.
Bring Together Operational and Financial Data with Ease
Integrate data from the general ledger, human resources, and other systems and sources, such as Banner®, Colleague®, Oracle®/Peoplesoft, SAP®, and Workday®
Accurately Model Costs Associated with Positions and Employees
Perform sophisticated salary and benefits planning using your human resources and payroll data; handle multiple fringe benefit rates and funding sources
Collaborate on a Single Platform
Increase engagement and adoption of the planning process across departments, functions, and schools with intuitive, guided budgeting forms and reports
Plan grant-level funding and spending
Project upcoming project funding, track actual versus planned spend across a grant's lifecycle, and model the impact of grants on fiscal years
Join colleges & universities from across the country who use Axiom for an efficient budgeting and reporting process
FEATURED RESOURCES
Axiom Higher Education Suite - Retheme
Create Efficient, Accurate and Transparent Budgets
Using tailored models and business logic designed for higher education, Axiom streamlines the budgeting process, making it more efficient across departments, functions, and schools.
Engage in true enterprise planning with robust workflows, role-based security, and automated report production that can support centralized and decentralized models. Adoption is easy with a template-based budget structure and standard report libraries.
Budgeting & Forecasting
Shorten the budget cycle and create planning models tied to internal and external drivers, including salary and benefits planning leveraging HR data, driver assumptions, and budgets.
Tuition Revenue Planning
Model tuition rates and fees and easily create scenarios that show the impact of changes
Commitments Planning
Standardize data collection for new funding requests across the institution, streamline approvals, and monitor the progress and financial impacts of those commitments over time.
Grants Planning
Visibility into income and expenditures across a grant's life and the financial impact of installments on budgets and forecasts
Develop Multi-Year Strategic Financial Plans
Strategy-based performance management software that helps universities and colleges assess the viability of future financial plans and initiatives
Strategic Financial Planning
Develop 5 to 10-year financial plans using models and scenarios to mix and match assumptions and initiatives. Deliver executive-level dashboards showing the impact of external factors against plans and commitments.
Capital Planning
Create and evaluate multi-year capital projects and their impact on the balance sheet, cash flow, and statement of activities.
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.
Meet the alternative to manual spreadsheets and processes
Tech Specs
System Information
- Cloud hosting on Microsoft Azure
- Microsoft® .NET interface that leverages Microsoft® Excel®
- Full browser compatibility
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 Ellucian, Oracle, and Workday. 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