| | Description | Provide ability to monitor and control costs. Ability to create detailed reports on comparisons of actual and standard costs, fixed and variable costs, budgets, variance analysis, service profitability, and departmental responsibility |
| 1 | | Ability to analyze and report standard costs , by procedure, at the departmental and cost group level | | 2 | | Ability to compute the cost of providing services to the reimbursement received for each patient and groups of patients | | 3 | | Ability to develop budgets by product line via expected number of cases and by service unit for expected volume and standard costs | | 4 | | Ability to determine the cost of service unit which might have a one-to-one correspondence with procedure coding in billing | | 5 | | Ability to utilize micro-costing and allocation methodologies | | 6 | | Ability to store past, present , and future average rates for micro-costed resources such as labor, material, and overhead | | 7 | | Ability to assign procedure codes to multiple service units, and multiple procedures to be grouped to individual service units, to facilitate 80/20 costing methods | | 8 | | Ability to store the total standard cost for each service unit, plus a breakdown by cost group | | 9 | | Ability to categorize labor, materials, and overhead for up to 10 cost groups , which can be classified as Direct or Indirect, Fixed or Variable | | 10 | | Cost group reporting to be able to analyze both standard and actual costs by groups | | 11 | | Ability to reflect cost analysis into fees schedule table | | 13 | | General ledger cost set ( of current, standard, average, simulated costs for present, future and past ) | | 14 | | Current and GL cost sets | | 15 | | Unlimited defined cost sets and associated cost codes | | 16 | | Current cost updating method selection by unit | | 17 | | Standard and average costing | | 18 | | Current cost maintained as last or average | | 20 | | Cost freeze for cost set rollups | | 21 | | Simulated costs calculated as regular costs | | 22 | | Multiple cost categories per cost set | | 23 | | Unlimited cost elements per cost category | | 24 | | Cost elements summed vertically throughout item product structures | | >>> Cost Price Calculation | | | | 25 | | Multiple calculation methods : top-down, bottom-up, single-level | | 26 | | Direct costing for each calculation code | | 27 | | Defined operation rates, surcharges, subcontracting cost per supplier, simulated purchase price for each calculation code | | 28 | | Calculated price of finished goods from the simulated purchase price | | 29 | | Calculation comparison reporting | | 30 | | Detailed reporting of calculations for analysis | | 31 | | Reporting and display of performed calculations | | 32 | | Retained standard cost price over parameter-controlled time period | | 33 | | Ability to calculate spending volume and labor variance | | 34 | | Ability to handle labor costing in hours and amounts | | >>> Activity Based Costing | | | | 35 | | Provide for allocation of costs from a cost category to a particular activity | | 36 | | Provide for allocation of activity costs to cost objects using cost drivers | | 37 | | Provide for activity analysis per cost object | | 38 | | Support generation of total amount per activity per cost object | | 39 | | Ability to apply surcharge as a fixed surcharge amount to a cost calculation code used in costing items, item groups and projects in cost accounting | | 40 | | Support creation of user-defined cost pools by grouping selected GL accounts | | 41 | | Provide for user-defined activity-based distribution/allocation rules | | 42 | | Provide rule tables for grouping related rules, traditional and activity-based allocation rules, specific unit rules, use of pool or resources rules | | 43 | | Provide pool rules, defining distribution portions/percentages/amounts by class, sub-class level, and by percent variable/fixed, by specific fixed costs | | 44 | | Provide resource rules, defining overhead expenses as overhead for direct costing | | 45 | | Provide netting rule, via automatic deductions to avoid duplication of overhead expenses | | 46 | | Support cost pool distribution method | | 47 | | Support activity costing distribution, statistically-based or activity-based | | 48 | | Support consumption distribution, quantity, value or volume based | | 49 | | Support cost run calculation of cost profiles | | 50 | | Provide user named cost profiles: for different production plans, products, operations, etc.. based on selected product volume/mix, overhead spending, and distribution methods | | 51 | | Support cost run types: actual, standard | | 52 | | Ability to generate costing production plans | | >>> Departmental Budgeting | | | | 53 | | Ability to develop profile service unit usage by user defined product line(s) using past data | | 54 | | Ability to obtain expected volumes of service units and expected standard costs by department and cost group | | 55 | | Budgeting by product line(s) and by service units based on actual volumes for previous periods | | 56 | | Ability to use historical data for standard cost development | | 57 | | Ability to manipulate costing in both Egyptian Pounds | | 58 | | Modeling facility o answer ‘what if’ situation in real time | | 59 | | A detailed patient service unit report indicating the total standard cost of providing services to a patient and compares this cost to reimbursement activity | | 60 | | Patient cost analysis reports provide a comparison of cost, change, and reimbursement data in detailed or summarized format ) for a group of selected patients | | 61 | | Department variance reports containing cost incurred and related variances at the department level | | 62 | | Department labor variance analysis report | | 63 | | Details labor cost by department, cost groups, and job code | | 64 | | Flexible budget report details, by department | | 65 | | Comparison of cost based on both fixed and variable amounts | | 66 | | Produce revenue and profitability statistical reports | | 71 | | Service units as they relate to billing and nursing procedures | |