Community Services & Social Enterprise

Since the government reformed its policy on primary and community care, financial management and reporting has never been more important. The government is demanding better quality of care, together with increased efficiency and reduction in cost. This is only achievable if individual organisations pay closer attention to their activity, finance & performance. The management of both income and costs is becoming critical as Payment by results leads to fewer block contracts and demands for cost information and profitability grow.

It is essential for management to have a clear understanding of their cost bases and service costs. They also need to have an accurate knowledge of what income they will receive, now and in the future, and the ability to report this information to clinicians and managers across the organisation

To meet these requirements PSCAL has developed the Community Services financial suite. Comprising of an income management module, a comprehensive costing tool and web based financial analysis tools for service line reporting.

Benefits: 

  • A single integrated solution for income & cost management and financial reporting
  • Designed to support the financial requirements of Community Services & Social Enterprises
  • Tested with pathfinder PCTs - Click to see case study
  • Standard and ad-hoc reporting
  • Full reconciliation to your ledger
  • Validates data on import
  • Reduce time spent collecting and validating data
  • Includes reference cost submissions
  • Improved payment rates under PbR
  • Supports multiple financial models to support ‘what if’ scenarios and financial planning
 

Many Community services began managing their finances with in-house developed spreadsheets. But over time they found that they were often dependent on key individuals, who would eventually move on; the pace of reform is so swift that it was becoming impossible to keep up with development needed to service DSCN’s and other central guidance; that too much staff time was being spend on manipulating data and not enough on managing finances.

Moving to PSCAL will free you from these concerns and give you a financial management platform which is fully tested, continually updated and comprehensively supported.

Features of the PSCAL suite for Community Services include:

Full integration of income and cost data to produce profit and loss analysis

  • Drill-down to individual services and patients
  • Produces annual reference cost submissions
  • Monitor compliant (supporting FT applications)
  • Standard reports include:
  • Trading accounts
  • EBITDA reports
  • Performance against plan (income, cost and activity)
  • Exception reporting
  • Supports multiple site reporting
  • Manages Payment by Results and block income
  • Reconciles costs to your ledger
  • Can produce detailed ‘patient bills’

PSCAL provide the following solutions for PCT Provider Community Services:

Report Master - Service Line Management

Cost Master - Patient Level Costing

SLA Manager (SLAM) - Payment by Results

PSCAL Budgeting - Budget Planning

Model Master - Strategic Planning

Consultancy services - Making sure to get the most from your management and reporting tools

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