Healthcare

The Affordable Care Act has put significant emphasis and pressure on healthcare finance teams to plan effectively and nimbly. The shifting payer mix, reduced payments, and the impact of volume changes are all contributing to a rapidly changing landscape. As new components of the ACA continue to go into effect, healthcare providers need to be able to adjust course quickly and correctly.

In addition, healthcare financial models have their own unique revenue and expense planning requirements. Analyzing and comparing service lines in order to determine which are driving the most revenue is essential. Fixed expenses are easily identified but variable expenses are frequently driven by revenue metrics, capacities and utilization assumptions.

Alight Planning handles the unique elements of a healthcare planning model with its unit/rate/amount activity driver architecture and its flexibility for creating any kind of driver-based model and performance metric at the line item level. Dozens of healthcare organizations are leveraging Alight Planning to transform their planning into a continuous value-add activity.