epsi-klas

 

Decision Support Business Segment winner for eighth consecutive year

Read more about our KLAS Category Leader recognition.

Allscripts EPSi Named Category leader for Decision Support - Business in 2013 Best in KLAS Report

Allscripts EPSi is a fully integrated, web-based solution that can load and process data from virtually any healthcare software system. It features integrated analytics, budgeting and knowledge-based decision support and brings together major components of financial management, to help strategically manage the financial needs of healthcare organizations.

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“Since we’ve been using EPSi, we have progressively increased our operating margins, to the point where last year we had a record financial year in terms of operating margin…We were able to funnel those earnings back into our patient care, and we were able to replace 800 beds for our patients.”

- Robert Crawford, Director of Decision Support, Huntsville Hospital System

 

 

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How do you improve the quality of patient care while lowering costs?

For financial success, healthcare leaders must understand their organization's performance, and use this information to empower decision-making throughout their organization. With Allscripts EPSi, organizations can receive, multi-faceted financial, clinical and operational knowledge for informed analysis and continuous performance improvement.

Download our Allscripts EPSi brochure to learn more.

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Sign-up for an Allscripts EPSi webinar today.

Talk with our experts as they showcase the features and functions of Allscripts EPSi. All times listed are Eastern Standard Time (EST) and each session lasts about 60 minutes.

Strategic Product Budgeting 3/28/2014 12:00 p.m. Register
Budgeting & Financial Reporting 4/4/2014 12:00 p.m. Register
Financial Decision Support 4/18/2014 12:00 p.m. Register
Capital Budgeting & Productivity 4/25/2014 12:00 p.m. Register
Budgeting & Financial Reporting 5/2/2014 12:00 p.m. Register
Financial Decision Support 5/16/2014 12:00 p.m. Register
Long Range Forecasting 5/30/2014 12:00 p.m. Register
Budgeting & Financial Reporting 6/6/2014 12:00 p.m. Register
Financial Decision Support 6/13/2014 12:00 p.m. Register
Long Range Forecasting 6/20/2014 12:00 p.m. Register

 


 

Solutions that Round-Out all the Elements of Financial Health

EPSi can be sold as a suite of integrated solutions, or as individual products focusing on specific areas. Modules include:

Budget Manager

Hospitals and healthcare organizations are often hampered by manual processes and siloed data that make it difficult to design and manage an accurate, enterprise-wide budget, especially as circumstances in the organization change.


With EPSi™ Budget Manager, healthcare organizations can bring together payroll, non-salary and capital budgeting into a single, integrated system that coordinates product-line and patient-level budgeting with long-term strategic planning. The Web-based solution bases budgeting on comprehensive, real-time data, helping healthcare organizations get closer to the truth so they can establish realistic spending goals.


Budget Manager includes:


  • Detailed salary and wage planning at the department, employee or job class level
  • Flex budget models that reflect organizational behavior, designed with unlimited statistics and relationship for sophisticated modeling
  • Extensive standard reporting and an ad hoc report writer

Fully integrated with a financial performance powerhouse

Budget Manager shares a single database with all the modules of EPSi, providing healthcare organizations with an arsenal of integrated performance management tools that are even more powerful when they work together. Budget Manager works hand-in-hand with Capital Budget Manager, Cost Manager, Strategic Product Budgeting, and the suite's other advanced performance management modules.


Capital Budget Manager

Anticipating how much money a complex healthcare organization will need for its capital investments in the near-and long-term future can be a tricky proposition, and one that is nearly impossible to accomplish with full accuracy. As the budgeting process begins, hospitals often struggle with how to realistically weigh capital requests against the countless other budgetary pressures they face.


EPSi™ Capital Budget Manager helps hospitals streamline the capital budgeting process and drive accuracy. By bringing together a wide range of data from different departments and systems, the Web-based Capital Budget Manager helps managers more easily forecast spending based equally on patient-level utilization and the organization's strategic planning. Flexible workflow allows hospitals to build a custom evaluation process for scoring and ranking capital requests.


Capital Budget Manager includes:


  • Automated approval paths that allow department managers to submit requests, track their approval status, and see the capital expenditure amount as it is granted
  • Custom evaluation driven by user-defined categories (project type, financial type, priority level, etc.), ensuring requests contain the right information for efficient review
  • Built-in workflow, including individual user edit capabilities
  • Advanced review options allowing users to view, sort and filter on any criteria
  • Ability to track actual capital purchases from the fiscal year down to the invoice level of detail

Fully integrated with a financial performance powerhouse

Capital Budget Manager shares a single database with all the modules of EPSi, providing healthcare organizations with an arsenal of integrated performance management tools that are even more powerful when they work together. Capital Budget Manager works hand in hand with Budget Manager, Product Line Analyst, Strategic Product Budgeting, and the suite's other advanced performance management modules.


Strategic Product Budgeting

With EPSi™ Strategic Product Budgeting, healthcare organizations can more easily forecast future spending based on patient-level utilization considered side-by-side with the organization's strategic plan. Strategic Product Budgeting allows departments to create a more accurate operating budget, so they can better anticipate the impact of volumes, revenues, staffing and expenses for nursing and ancillary departments.


Using a single application, budgeters can load historical financial and patient data and identify products. Then, they can use sophisticated modeling to account for potential future changes in utilization and build out multiple budget scenarios and factor in variables. Departments can forecast monthly product cases up to 10 years, and the system remains flexible to analyze true utilization, revenue, labor and expense variances from month to month.


Fully integrated with a financial performance powerhouse

Strategic Product Budgeting shares a single database with all the modules of EPSi, providing healthcare organizations with an arsenal of integrated performance management tools that are even more powerful when they work together. Strategic Product Budgeting works hand-in-hand with Budget Manager, Product Line Analyst, Productivity Manager, and the suite's other advanced performance system modules.


Productivity Manager

EPSi™ Productivity Manager allows healthcare leaders to monitor and measure their labor productivity across the enterprise to optimize resource utilization, lower labor costs and help to reduce patient length of stay (LOS). Managers and executives can access a graphical, side-by-side comparison of expected and actual labor productivity, automatically generated as often as daily, based on actual workload.


With the ability to capture data from the organization's healthcare IT solutions, Productivity Manager provides managers the information they need to analyze processes, re-allocate staff resources, and optimize productivity against benchmarks. Customizable reporting and analysis of productive vs. non-productive and paid vs. worked hours allow managers and executives to drill down, all the way to the full-time employee (FTE) level, to analyze staff efficiency, workload and costs.


Fully integrated with a financial performance powerhouse

Productivity Manager shares a single database with all the modules of EPSi, providing healthcare organizations with an arsenal of integrated performance management tools that are even more powerful when they work together. Productivity Manager works hand in hand with Cost Manager, Budget Manager, and the suite's other advanced performance management modules.


Cost Manager

EPSi™ Cost Manager helps healthcare organizations create a modern, efficient cost management process to drive profitability and meet cost/quality measures. The Web-based solution permits a distributed costing process that simplifies cost accounting by automating monthly costing, reconciliation and reporting.


Cost Manager uses Boolean logic rules to capture new accounts or job classes, and then automatically processes calculations, prints reconciliation reports and assigns costs to patient data in EPSi Product Line Analyst. Analysts are freed from manual data calculation and manipulation so they can focus on analyzing results, promoting more effective problem-solving and decision-making.


The Web-based solution includes:


  • The ability to flexibly allocate expenses within overhead centers
  • Use of labor distribution data to compartmentalize labor expenses for better cost analysis
  • Enterprise-wide re-classes, adjustments and allocations
  • Single step-down, multiple apportionment methodologies
  • Web-based relative value unit (RVU) worksheets that help define multiple labor, capital and materials RVUs for accurate costing
  • Support for numerous costing methods — standard, RVU, ratio of cost to changes (RCC), activity-based, variable charge item, and direct patient costing

Fully integrated with a financial performance powerhouse

Cost Manager shares a single database with all the modules of EPSi, providing healthcare organizations with an arsenal of integrated performance management tools that are even more powerful when they work together. Cost Manager works hand in hand with Product Line Analyst, Budget Manager, and the suite's other advanced performance management modules.


Product Line Analyst

EPSi™ Product Line Analyst (PLA) uniquely enables healthcare organizations to analyze and manage quality, outcomes and financial initiatives by integrating clinical and financial data across the enterprise. Linking operational, financial and clinical data, PLA creates an inclusive data foundation that informs strategic business decisions, supports detailed business analysis and aides in managed care contract negotiations.


The integrated Web-based solution includes:


  • Product Line Designer
    Managers can use Product Line Designer to estimate revenue and combine with cost data to evaluate the potential impact to the organization's bottom line. The tool creates, copies, edits and deletes product lines and creates custom views of encounter data within facilities, allowing managers to develop product lines for analysis of clinical, operation, or financial factors. Managers can define product lines by a range of codes (DRG, ICD-9, etc.) or admission types, then can use them to review services and assess future marketing needs.
  • Clinical Analysis Manager
    Focusing on specific events during a patient's stay, this module helps to discover correlations between clinical and financial results to optimize profitability and performance. With Clinical Analysis Manager, managers can identify potential areas of concern, analyze Centers for Medicare and Medicaid (CMS) and Joint Commission on the Accreditation of Healthcare Organizations (JCAHO) metrics, and evaluate the costs of providing quality clinical care. Organizations can analyze clinical conditions or results to determine their impact on costs, reimbursement and utilization.
  • Contract Modeling
    Managers can model both current and prospective contracts with terms to calculate expected reimbursements and track expected versus actual reimbursement, optimizing the contract process. Users can load patient data as needed and integrate disparate data from different IT systems for statistical reporting.
  • Fully integrated with a financial performance powerhouse
    Product Line Analyst shares a single database with all the modules of EPSi, providing healthcare organizations with an arsenal of integrated performance management tools that are even more powerful when they work together. Product Line Analyst works hand in hand with Cost Manager, Budget Manager, and the suite's other advanced performance management modules.

EPSi Management Dashboard

With EPSi™ Management Dashboard, healthcare organizations can access critical, enterprise-wide management information in a single, Web-based measurement and business analytics interface. Managers and executives get the information they need at a glance, in graphical or table-based views, with the ability to flexibly display data and drill down by as many as 10 levels for granular detail.
EPSi Management Dashboard captures and works with data from the integrated  EPSi data model as well as an organization's many different clinical, financial and operational IT systems. Management can access unlimited amounts of different kinds of data and view it in customized ways to measure key operating indicators and improve decision-making.


Fully integrated with a financial performance powerhouse

EPSi Management Dashboard shares a single database with all the modules of EPSi, providing healthcare organizations with an arsenal of integrated performance tools that are even more powerful when they work together. Management Dashboard works hand in hand with Budget Manager, Product Line Analyst, Productivity Manager, and the suite's other advanced performance management modules.


 

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