• Procedure Cost Analysis & Reporting
• Comparative Reporting
• Procedural Cost Analysis/Database Maintenance
• Surgical Services Procedure Pricing

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HCI's Procedure Cost Analysis & Reporting service consists of a two phase process:

During this phase HCI identifies the procedures in the facility's charge master at the departmental level that represent 90-95% of the total revenue and volume of the facility. Using these selected procedures, HCI works with the facility's department directors to gather critical information on direct costs (including labor, time and materials) associated with the procedures. HCI captures the indirect or facility overhead cost through a step-down allocation process extending down to the procedure level. The developed cost standards are then validated to ensure that the calculated procedure cost can be reconciled to the total facility expense with a variance of less than 3%.

Procedure Cost Reporting involves the development of the Microsoft Access reporting tool. The Procedure Cost Analysis is combined with patient demographics, charge transactions and payment details., creating a comprehensive database that supports both high level and drill down reporting. The Procedure Cost Reporting tool includes over 20 standard report options, and because it is a relational database, the facility has the ability to create any number of unique reports to meet their individual needs.

The Procedure Cost Analysis & Reporting phase includes an exit meeting with facility administrative and utilization review personnel, as well as a brief training session to orient the users to the capabilities of the reporting database.