Costing & Service Line Reporting

Cost Master PLC is a latest generation patient level and reference costing solution, developed especially to support NHS requirements for reporting and local cost management. This includes patient-level cost reporting at multiple levels from individual patients, right up to board level. Both top down and bottom up costing methodologies are supported, giving total flexibility in how it accounts for costs. The system also provides full reconciliation to the Trust's ledger at all levels of output. Cost Master PLC helps cope with the financial challenges that Trusts face on a day-to-day basis and has been designed to supply useful, timely information, leaving managers with time to manage. It enables organisations to establish and maintain effective and powerful financial control and deliver a more successful and cost-efficient way of working in an environment of financial and service pressures.

Benefits include:

• Less time spent on data preparation leaving more time for analysis
• Supports DoH Guidance
• Cost effective, gives value for money
• Easy to use, practical solution, supported by knowledgeable experts
• Useful reports for finance and non finance managers/clinicians
• Credible cost reports with full audit of source data
• Assists effective change management

Report Master SLR

Financial reporting in the NHS has changed significantly over the past few years. What was once an annual process is now monthly. Many finance departments spend almost all of their time producing reports, leaving precious little for managing the organisation. With the introduction of Payment by Results it is no longer possible to rely on the General Ledger alone. Activity, income and costs have to be reported in more detail and in ways not possible from the Ledger. Many Trusts have developed complex spread sheets or have tried to adapt their activity reporting system to meet their needs. These solutions have proved to be expensive to maintain and prone to errors. The software is often only understood by one or two people in the Trust. At the same time the rules for reporting are changing on a regular basis. Although the rules are the same across the NHS, many Trusts have to interpret and programme these changes locally, at great cost and risk.

Civica has developed Report Master SLR to meet the needs of its clients across the NHS. It is a simple to use tool for reporting on Trust profitability.

Report Master SLR will:

• Report income, expenditure and profit/loss
• Deliver Service-Line Reporting
• Identify areas of concern automatically
• Spot trends in financial performance
• Identify case mix drift
• Provide a suite of useful financial reports on the web
• Provide financial information which non-finance staff can understand and use
• Highlight variances from plan in time to make corrections
• Save staff time
• Produce reports which are credible to clinicians and managers
• Report at all organisation levels

Report Master will take care of reporting, leaving managers free to act on the information and to plan ahead.