Software Enhancement - RVU
[Note: this topic pertains primarily to cost accountants]
CostFlex clients that utilize our Monthly Procedure Level Cost Accounting module are probably very familiar with the three different Focused by Department entries (Minutes, Expenses and Formulas) where end users can enter estimates and point them to specific General Ledger accounts. By design, all three of these methods include an ‘Auto Adjustment’ option that will ensure that the end user will always true up the monthly General Ledger details, however this amount always goes into another cost component.
For clients who are using “Patient Charges” or other patient level values as a cost driver, the Focused Cost can often be large (as it would be the total patient charges for all patients that month), and the Automatic Adjustment will also then become correspondingly large to automatically adjust back to the actual posted expenses.
To handle this issue CostFlex added an “Is RVU” check box on the Focused by Department entry. If this “Is RVU” box is checked, then the “AA Accum No” will not available and all expenses will go to the Focused Cost accumulator and be spread based on the patient level values.
Many clients have already put this new feature into daily use for their organizations. If your decision support team would like to gain a more clear understanding of this powerful new costing feature, please do not hesitate to request a personal remote demonstration.
We look forward to assisting your review of this new feature!
