December 2021
MERRY CHRISTMAS
Happy Holidays from all of us at CostFlex Systems, Inc.

We appreciate your business and look forward to serving your organization’s needs for decision support software and services in 2022.
PAYER CONTRACT ANALYSIS SCENARIOS
As we all look forward to 2022 and are working on our individual business plans, CostFlex has been receiving a large number of requests for additional information and product demonstrations related to our Revenue Cycle suite of software products and most often the Payer Contract Analyzer toolset.

One of the most commonly asked questions of our support team as we are providing product demonstrations is “what makes the CostFlex contract modeling tools different from other solutions available on the market?”

While the CostFlex staff will definitely share the ability to automate 100% of discounted payment scenarios to include government and the standard integration with service line profitability reporting, it is very common for evaluating teams to share that the automation flexibility resonates as a true differentiating product capability.

By flexibility, the CostFlex representatives are actually referring to the standard ability of the software to automate plan details, store unique variations of the same plan and then side-by-side report an unlimited number of hypothetical contract terms variations to search for the most truly fair and profitable reimbursement scenario possible from every payer our client organizations service.

If you have not explored the 2022 CostFlex Payer Contract Analyzer software, we encourage you to request a Zoom demonstration for your team today. CostFlex looks forward to showing you how so many hospitals are effectively negotiating the very best compensation agreements for their hardwork and dedication to patient care.
COST-BASED BENCHMARKING
So how do you feel about your hospital’s financial performance for calendar year 2021?

Where do you think you should focus your finance team’s analysis of operations to improve cost savings?

Current clients of the CostFlex Cost-Based Benchmarking tools have comparative data and trend reports to help answer these questions and much more!

If you are currently a CostFlex Total Cost Accounting client and not taking advantage of this benchmarking tool, there is good news...It’s free for all clients and simple to setup and participate!
With literally millions of data points stored on the CostFlex Benchmarking server from participating client hospitals, there is a wealth of management data waiting to be tapped and analyzed by your team.

For your protection, all data shared with the participating clients is masked. 

To enhance the effectiveness of the reporting, clients can quickly filter the data to provide for comparative reporting that truly reflects the realities of your business model and excludes hospitals that do not relate to yours.

CostFlex would enjoy the opportunity to share a demonstration and more information about this free client benefit with you. Please do not hesitate to contact us today for assistance.
USER GROUP CONFERENCE 2022
SHARE THE KNOWLEDGE
Spring of 2022 will be an exciting time for all of us in the CostFlex User Group family!

April 27th to the 29th, 2022 in the beautiful town of Ft. Walton Beach Florida will be the home for our first in-person User Group Meeting since 2019! 

The staff at CostFlex hopes everyone is as excited as we are about this upcoming client training and networking event. 

Returning User Group attendees consistently share that one of the most valuable parts of this annual event is the sharing of cost accounting and decision support knowledge & techniques among their peers. 

To help promote this valuable takeaway from the event, the CostFlex Team is asking that all clients take a few minutes to submit a success story and/or favorite report to be shared with the group in April. 

There is no specific format for the submission. It can be entered into a Word document or simply an email to usergroup@costflex.com.  

To help encourage participation, CostFlex will be giving a $25 gift card to every client who participates!  

We hope that everyone will take a moment to help make this 2022 event a huge success for everyone! 😊 

Please do not hesitate to contact CostFlex for assistance or with questions about this knowledge sharing project.
CostFlex Systems, Inc. | (800) 398-5753 | www.costflex.com