How do you ensure hospital funding reflects patient complexity?
How can you better optimise resource allocation and funding?
As with any business decision, the answers depend on high-quality data and insights. However, hospitals that rely on manual report generation face a significant hurdle. These time-consuming processes often yield data that’s outdated, incomplete, or prone to human error. This lack of reliable insights makes it difficult to identify coding inconsistencies, optimise revenue capture and ensure ongoing compliance.
Code Focus gives HIMs, clinical auditors, and CFOs real-time reporting capabilities, enabling better and faster decision-making. Our Executive Summary feature allows you to:
- Effortlessly create and interpret clinical audit summary reports
- Gain insights into key audit results
- Leverage real-time data for informed decision-making
You can easily generate reports on HIS data that are crucial to improving hospital funding and operations, including:
- National Weighted Activity Unit (NWAU) Achievement: Coding target vs Actual shows you how many records are coded in a certain time, while Audit target vs Actual reveals how much funding was retrieved. Tracking outstanding NWAU/$ is also a good indicator of communication flow between clinicians and coders.
- Cost Data: As each episode is coded, Code Focus keeps a running total of ABF budget vs actual budget so you can uncover funding that was unable to be determined at the time of coding.
- Average Length of Stay (ALOS): Data from this report helps you assess resource utilisation, improve bed management and identify bottlenecks in the discharge process.
- Case Mix Index (CMI): Understand the relative complexity of patients treated in the hospital.
- Revenue and Costs by Service Line: Evaluate the financial performance of each service line to identify areas of strength or areas that require improvement. By analysing revenue generated, costs incurred and profitability, you can better optimise resource allocation and funding.
Ready to discover the Code Focus advantage? Book a personalised consultation today.
