Financial Performance Management

All too often in hospitals and healthcare organizations, budgeting, cost accounting, strategic planning, and financial and clinical analytics are disconnected functions, performed on different systems and with varying data. This makes reporting actual results against the budget, operations and strategic plan all but impossible, and fails to take into account key factors in an organization’s true financial performance.

Sunrise EPSi™ from Eclipsys provides integrated analytics, budgeting and knowledge-based decision support designed to bring together all the major components of financial management — strategic planning, product line budgeting, cost accounting, and operational and capital budgeting — to more effectively and accurately plan for the future and address the financial challenges facing healthcare organizations today.

A fully integrated, Web-based solution that can load and process data from virtually any healthcare or business software or system, Sunrise EPSi was named Best in KLAS in Business Decision Support in 2008 for the third consecutive year. It also led the Budgeting category for the second straight year.

Connecting the dots for more actionable knowledge

Sunrise EPSi uniquely allows the capture and use of patient-level utilization data for forecasting and variance reporting, then converts those to standard general ledger (GL) and payroll budgets. The system gives hospital finance departments the unprecedented ability to report at both product line and GL levels.

Because they share a single database, Sunrise EPSi solutions can use data from across all functional areas — budgeting and planning, cost accounting, patient financial and clinical analysis, and productivity — in a unified data model to better analyze relationships and identify trends. Embedded reporting and analytics reduce costs and complexity by offering sophisticated tools that support decision-making and promote accountability, without the need for third-party software.

Solutions that round out all the elements of financial health

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

Performance Management

• Budget Manager: Assimilates payroll, non-salary and capital budgeting into a single, integrated system.
• Capital Budget Manager: Creates an efficient and accurate capital budgeting process, with a custom evaluation process for scoring and ranking capital requests.
• Strategic Product Budgeting: Integrates product-line analysis and patient-level data with long-range planning, logically linking strategic planning to the operating budget.
• Productivity Manager: Manages and measures service levels and labor efficiency.

Financial Decision Support

• Cost Manager: Automates monthly costing, reconciliation and reporting.
• Product Line Analyst: Links operational, financial and clinical data across the enterprise to support detailed business analysis, strategic decisions and improve managed care contract negotiations.

Analytics

• EPSi Management Dashboard: Combines key financial, operational and clinical data, graphics, external data and OLAP cubes into a single environment and makes it available quickly enterprise-wide.
• Reporting Manager: Provides anytime, online access from anywhere in the organization to critical management information and allows you to track key performance indiactors for faster, better decision-making.

Outcomes leadership from Eclipsys

Learn more about how Sunrise EPSi can help your healthcare organization take control of clinical, organizational and financial performance to achieve real, measurable financial and operational outcomes. Learn more about our outcomes leadership or contact us today to get more information and schedule a demo with an Eclipsys representative.