Ensure a stronger financial future in a value-based care world.

Get the most integrated budgeting, decision support
and long-range planning solutions from a trusted partner.

The right information for the best strategy.

U.S. hospitals and health systems are operating in an unprecedented period of financial stress. Value-based care initiatives and bundled payments call for improved outcomes and reduced costs. EPSi’s solutions empower the healthcare industry with an integrated view of data that incorporates both clinical and financial information.

Financial decision support solutions

Get the flexibility and depth you need to make great strategic decisions.

Budgeting and planning solutions

Plan budgets more accurately and efficiently, and connect to powerful long-range planning and forecasting capabilities.

Integrated reporting, analytics and data integration built into every EPSi solution

All EPSi customers benefit from integrated reporting and analytics tools and our unique Data Extender capability.

Strategic consulting services

Experience the most strategic results from your EPSi solutions when you add specialized consulting services.

Analytics

Get data-driven operational efficiency with predictive analytics that guide your decisions at the department level.

Financial decision support solutions

Your unique organization deserves customizable solutions. It’s our job to help your financial analysts succeed, by looking at the most accurate reports for accurate cost accounting to control costs. Your organizational performance can only be improved when data spans product lines, and actual labor costs can be tracked against plans and external benchmarks. We provide all this on premise, as hosted solutions and soon as a cloud-based platform.

NEW
Costing in the Cloud

Built from the ground up on Amazon Web Services (AWS) and delivered as Software as a Service (SaaS),
EPSi’s new Cloud Cost Accounting application is finally here.

Do more than ever before, more efficiently and with better security.
Our new Costing solution delivers better performance, with more sophisticated visualization and embedded analytics that’s highly scalable.

New benefits include the ability to do overhead allocation, embedded analytics, provider costing and automated reconciliation — with the power our clients have come to expect from EPSi.

Optimize your cost management accuracy.
You need a solution that will meet your specific needs. We understand how important it is for you to have the utmost flexibility in costing methodologies. Our solution ensures accuracy in costs reported by procedure, patient, or product line, monthly or YTD. You won’t need to factor in monthly maintenance or manual interventions, or speculate about the accuracy of your cost information.

Gain greater efficiencies.
Distribute detailed, online RVU worksheets to department managers, accounting personnel, or a combination of both, to ensure your RVUs stay up to date efficiently. They can also be updated automatically according to the latest wage rates and direct supply costs, since they’re tied to labor distribution and materials management files.

Create unlimited cost categories.
We allow you to define re-classes, adjustment and allocations across multiple facilities and run multiple overhead and cost allocation scenarios.

Product Line Analyst:
Improve your financial performance across product lines.

Your organization has unique needs across all its product lines and functional areas.
The EPSi Product Line Analyst (PLA) enables you to improve performance in every area.

Improve performance across all product lines.
PLA’s ability to analyze clinical, financial and operational data allows you to assess the effectiveness and cost of every patient care decision, both in- and outpatient. You’ll also be able to measure the effect of these decisions on care quality and financial health. Since EPSi uses a central Microsoft SQL Server® database, our PLA links clinical activity and financial data to support and improve financial initiatives.

Get detailed business analysis.
Your organization is unlike any other, and requires flexible tools to meet your unique needs.

You’ll benefit from the Product Line Designer tool that allows you to distinguish between groups of encounters and develop an unlimited number of product lines defined the way you use them. This tool will help you quickly see impacts to the bottom line.

Get a clear picture of the cost of providing quality clinical care with the Clinical Analysis module. You’ll be able to analyze clinical conditions, tag patients with a code for enterprise reporting and see reports on utilization and profitability at multiple levels.

Use the Contract Modeling tool to employ “what-if” scenarios and test contract adjustments with a virtually unlimited number of terms. This tool calculates expected reimbursements and tracks expected versus actual reimbursements, so you’re always seeing the most accurate information.

Productivity Manager:
Get the power to better manage labor costs.

EPSi’s Productivity Manager gives you the power to track actual staffing utilization
against the standards agreed to during budget and planning,
and compare to external benchmarks.

Get integrated insights.
We understand how important it is to manage labor costs, which tend to be the biggest single cost to an organization. Recommending the right staffing mix at a given point in time is a complex process. With Productivity Manager, you’ll benefit from native integration of the data with the operational budget and planning process. Combining those insights with a clear comparison against actual labor data will help you make the best decisions.  

Track daily productivity reports.
Labor productivity changes constantly. Gain access to vital reports on a daily basis without the need to separately collect data. As an EPSi customer, you’ll see your labor productivity reports side-by-side with supplemental information already in your database.

Integrated reporting
and analytics and multiple data sources, built into every solution.

With any EPSi installation, you’ll benefit from our integrated reporting and analytics tools
and Data Extender capability that pulls from existing databases, allowing you to track and respond to new market conditions.
And you can get the reports you need on any device.

 

VALUE-ADDED FEATURES

Budgeting and planning solutions

Budget plans can only be as accurate as the data used to build them. Our sophisticated and flexible tools create the best possible budget process. Your teams can create and manage expenses better with monthly flex budget capabilities. You’ll have reports you can count on when preparing your organization for the future.

Budget Manager:
The industry gold standard in budget planning.

EPSi’s Budget Manager dramatically improves the efficiency and accuracy of financial planning.

Spend smarter with better planning tools.
You deserve the flexibility to budget and forecast based on an unlimited number of statistics. Track variances with the ability to budget by exception using pre-calculated targets and/or flex hours and dollars for each pay period.

Create accurate, comprehensive reports.
You know what you need. Use the Budget Manager to schedule and auto-generate reports like variance analysis and monthly responsibility reports. This detailed reporting tool gives users throughout the organization the ability to analyze and understand complex management data.

Enhance existing information.
Budget Manager keeps budgeting and strategic planning connected, giving users the ability to report actual results against plans. We understand effective financial performance solutions require three components: strategic planning, product line budgeting and capital budgeting. With these pieces in place, you can maintain a real-time view of your strategic plan, market investments, variances and actual performances at the cost center level.

Capital Budget Manager:
More certainty around capital expenses.

Use EPSi’s Capital Budget Manager to take the guesswork out of identifying
the capital investments that will best help to achieve your organization’s goals.

Make your budgeting process more efficient and accurate
With Capital Budget Manager, you can plan for the right mix of capital investments in your portfolio. The flexible workflow allows you to build a custom evaluation process by which to score and rank capital requests.

Be prepared to make the right decisions about high-cost expenditures
You have limited capital funds, so high-cost expenditures need to be ranked and prioritized. Capital Budget Manager gives you the insight into which capital expenses will yield the greatest return for the organization. Now you can know the ROI and NPV of potential capital expenses to guide your decisions.

Strategic Product Budgeting:
Forecast with more accuracy for the long term.

EPSi’s Strategic Product Budgeting solution brings health care budgeting to the next level
by building a more accurate, patient-level forecast and precise operating budget.

Run sophisticated forecasting scenarios.
Accurately anticipate the impact of volumes, revenues, staffing and expenses for specific departments, and forecast using a variety of inputs including facility, product, payer, or physician. Use this unique solution to predict what’s actually going to occur in your organization from next month to five years from now.

Use real data for effective long-range planning.
You’re better prepared for the future when you can refer to real data when making a strategic plan, or operating budget. Strategic Product Budgeting uses historical G/L, payroll and patient data as a baseline. It allows users to define their products down to the CDM level and modify profiles to reflect changes. The system will flex monthly to help analyze utilization, revenue, labor and expense variances.

Integrated reporting
and analytics and multiple data sources, built into every solution.

With any EPSi installation, you’ll benefit from our integrated reporting and analytics tools
and Data Extender capability that pulls from existing databases, allowing you to track and respond to new market conditions.
And you can get the reports you need on any device.

 

VALUE-ADDED FEATURES

Integrated reporting, analytics and data integration

Enhance every report you create with any EPSi solution, with our integrated reporting and analytics tools, and Data Extender. These included features allow for customization, adding valuable business intelligence insights, and expanded data sources, simply.

Responsive Dashboard - analytics

Reporting and analytics: Easy, actionable reporting.
You can easily customize your reports, without the need for programming, with our integrated reporting features. The added layer of business intelligence takes the guesswork, cost and delay out of how to turn raw data into an actionable report. We offer a wealth of standard reports, available for your immediate use.

Data Extender: Use data from multiple sources.
You can respond quickly to the changing dynamics of healthcare by consuming data from any number of external sources to yield valuable insights. When you combine external clinical information with the detailed financial information in EPSi, you are better equipped to make population health and value-based care decisions.

With EPSi’s Data Extender capability, you can easily expand reporting by calling upon existing databases to address currently unknown needs and track and respond to new market conditions.

Mobile Performance Visualization: Your reports, on any device.
EPSi’s Mobile Performance Visualization (MPV) solution saves you money and time, making reports available on any device.

Get the details you want.
You need more than data anomalies to make the smartest recommendations. With MPV’s drill-down functionality, you can research details at the activity or encounter level to get greater insights.

Add functionality to existing reports.
MPV can add dynamic graphics to your cube reports to better highlight financial, operational and clinical data trends. It’s extremely user-friendly and intuitive, making it accessible to all. You’ll see exactly what your screen and print output will look like as you build the report.

Customize your reports.
Use the graphs and charts centered around your unique initiatives, priorities and patient needs. With Mobile Performance Visualization, you can easily visualize and analyze the data you need to recommend operational changes.

What you see is what you get.
Take the guesswork out of manipulating graphic displays to get just the right view or layout. See exactly what your screen and print output will look like as you make the report.

Get data-driven operational efficiency with predictive analytics that guide your decisions at the department level.

You can improve operational efficiency at the department level if you have the right data. EPSi is extending into operational improvements with a new offering: Predictive Operational Analytics. We’re partnering with Hospital IQ, a web-based predictive analytics platform that can deliver significant ROI.

predictive analytics in healthcare

mercy-medical-center

“This will allow us to deliver a higher quality of care
at a lower cost through smarter, faster operational decisions.”

-Kathy Goetz, VP Perioperative Services, Mercy Medical Center

Predictive Operational Analytics: Data-driven efficiency at the department level
For hospital systems focused on improving their financial and operational performance, this is a game-changer. This module puts the power of predictive analytics at your fingertips, giving you the ability to finally accomplish key performance improvement goals such as surgical workflow optimization and throughput.

With Predictive Operational Analytics, you get the first solution that ensures the hospital’s financial and operations plans are in complete sync. You’ll get continuous feedback on financial objectives, and your hospital capacity management and operations teams will see a steady stream of performance details and have the capability to run “what-if” scenario simulations.

Built from the ground up to improve operations and patient experience, all while meeting finance goals
Now you can align resources with patient demand by systematically optimizing capacity, schedules and staffing across the hospital or the entire network. Incorporate Predictive Operational analytics to:

  • Improve block utilization to account for under or over-utilization on the surgeon, practice or service level.
  • Improve inpatient bed utilization by using statistical patterns to identify the optimal days to schedule additional elective inpatient surgeries, and other ways to add volume without impacting staffing.
  • Reduce wait times by proactively accounting for variability and determining how changes in the total number of inpatient beds, length of stay, and bed turnover times impact wait times and clinical policy.
  • Requires no IT build or on-site installation, as the entire solution is cloud based.
  • Complements EMR strategies, and aggregates data from multiple software systems to make current tools even more valuable.

Learn how EPSi’s analytics solutions can work for you.

Our Predictive Operational Analytics solution is cloud-based, requiring no IT build or on-site installation. It complements EMR strategies, and aggregates data from multiple software systems to make current tools even more valuable.

Capacity Planning - analytics
Surgical Planning - analytics
Staff Planning - analytics
Predictive Analytics - analytics
Census Forecasting - analytics
doctor holding data elective smoothing

Experience the most strategic results
with specialized consulting services.

Refine and optimize your processes to get the most out of your EPSi implementation with customized packages designed to suit your specific situation. Design and implement best practices that deliver the highest value when you work with our team of senior consultants who have supported the most successful hospitals in the country.

You can add a package at the time of implementation, or customize the services you need after purchase. Our experienced consultants know the products inside and out, ensuring you see the most strategic results from your EPSi toolkit.

CLINICAL PATHWAYS

Assist in building standard pathways or patient workflow benchmarks and generate comparisons by day of stay.

PROVIDER REPORTING

Establish comparative reporting programs for providers to analyze utilization and profitability for critical services.

RVU DEVELOPMENT

Update your RVUs using our proven approach for balancing and testing the validity of the RVUs built with Department Managers.

STRATEGIC PRODUCT BUDGETING

Create long-term forecasts and plans, modeling scenarios including new programs or providers.

ACTIONABLE COST IMPROVEMENT

Combine the service line and patient cohort groupings from Product Line Analyst using Clinical Analysis, and detailed cost variance tracking with Activity Costing.

READ MORE

Learn how to make better financial decisions for your entire organization.