Automated reporting system, FocusPro, plays a key role in Barwon Health winning the HFMA Innovation Award.
HIGHLIGHTS
Automates complex reporting and data analysis
A more efficient, user-friendly interface for finance teams to generate insights
Enables Health organisations to manage growing portfolios without needing additional staff
Barwon Health is one of the largest regional health services in Australia, with two major sites (University Hospital Geelong and McKellar Centre) and 21 sites across the Geelong region in Victoria. It employs 8,700 staff and services a catchment of 500,000 covering the full spectrum of care services.
“The Commercial Finance Team at Barwon Health embarked on a mission to enhance the efficiency of month end reporting and analytics.
Our goal was to standardise reporting aesthetics across the team and to expedite the dissemination of reports and insights to the business, with the aim of reducing the time taken to complete the reporting cycle.
As a recognized leader in Health Finance, CBS brings a deep understanding of both the technical and strategic aspects of the business of Health.
CBS were able to work with the Commercial Finance Team to transform our month end reporting out of spreadsheets and manual extracts, and into FocusPro.
Their ability to work with us to leverage FocusPro to deliver actionable insights has transformed how the Commercial Finance Team manages complex data and optimize financial outcomes. With a proven track record of successfully leading projects in the healthcare finance sector, their insights into hospital funding models and case mix funding are invaluable.”
Jordon Beale - Deputy Chief Financial Officer - Barwon Health
INITIATIVE
Due to the recent significant growth at Barwon Health, the Commercial Finance Team faced the challenge of keeping up with manual reporting and analytics as well as the increasing pressure to streamline its finance processes.
They sought a system that would automate reporting, be more efficient in managing a larger portfolio, and provide greater insights without expanding resources.
OUTCOME
FocusPro was attractive to the team for its design and ability to automate processes and reduce the time it takes to complete reporting cycles. Additionally, Barwon Health benefits from leveraging off the experience of the staff at CBS - Health Costing Experts with ongoing support.
What was once a manual process in Excel is now achieved at the click of a button. Human error normally associated with data entry is eliminated and significant time is saved. Productivity has increased and the system is easy to use.
The use of FocusPro ultimately led to Barwon Health recieving the Award for Innovation from the Healthcare Financial Management Association (HFMA).
FocusPro gives tailored dashboards for advanced business operations.
Track, monitor and analyse the performance of your team, department and organisation.
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