Sophisticated healthcare requires sophisticated tools
Effective healthcare relies on collaboration between numerous functions, teams and stakeholders, all of which have their own systems, data and methodologies. In order to align strategy, maintain operational excellence and manage staff capacity, the technology you depend on needs to be robust, sophisticated and built for purpose.
Here at Cubewise, we can help you leverage the power of IBM Planning Analytics / TM1 to build a holistic system that provides a unified planning platform. Let us help you take your healthcare company to the next level.
Common challenges
Health fund negotiations
Negotiations with health funds can make or break the financial sustainability of a healthcare company. Get the data you need to have the upper hand in these negotiations.
Lack of granular data
The core foundation of negotiations with health funds is to understand the prevalence and related cost of various diagnostic-related groups. A healthcare company must understand predicted patient volumes and expected costs with a high level of granularity in order to generate the revenue required for sustainability. Without that understanding, you’re operating in the dark.
Mismatched revenue
When you don’t have the data transparency you need, you risk negotiating from a place of incomplete information – and having revenue and cost mismatches. This can eat away at margins and place significant pressure on your organisation’s operations.
Scenario modelling
Cubewise and IBM Planning Analytics / TM1 offer a solution for sophisticated scenario modelling and planning that can be invaluable for your negotiations. It can ingest data from a variety of sources and give you drill-down analysis capabilities to get to any level of granularity you require. With a robust understanding of impacts on your business, you can negotiate from a position of strength.
Labour planning
Contractor management
Lack of granular data
The core foundation of negotiations with health funds is to understand the prevalence and related cost of various diagnostic-related groups. A healthcare company must understand predicted patient volumes and expected costs with a high level of granularity in order to generate the revenue required for sustainability. Without that understanding, you’re operating in the dark.
Mismatched revenue
When you don’t have the data transparency you need, you risk negotiating from a place of incomplete information – and having revenue and cost mismatches. This can eat away at margins and place significant pressure on your organisation’s operations.
Scenario modelling
Cubewise and IBM Planning Analytics / TM1 offer a solution for sophisticated scenario modelling and planning that can be invaluable for your negotiations. It can ingest data from a variety of sources and give you drill-down analysis capabilities to get to any level of granularity you require. With a robust understanding of impacts on your business, you can negotiate from a position of strength.
Disrupt the status quo and transform your healthcare company
Getting healthcare right is a balancing act. To make informed decisions, you need foundational capabilities in data analysis, planning, management and predictive forecasting. All of these elements we can help with.
Amazon Web Services case study
We came up with a solution for Amazon Web Services that allows them to plan more efficiently.
Talk to us today and let’s overcome the challenge together.
When a system is unable to adapt to changing business circumstances, it can be tremendously frustrating for all who work with it. Things must go on, of course, and so users will resort to building tedious workarounds, simplifications and shortcuts that only serve to kick the can down the road.
Don’t accept that your business processes are incapable of adapting to fast-moving market changes. Contact us to find out how easy it can be to implement efficient and practical planning, reporting and forecasting workflows.
