Cost Master PLC
The leading UK Patient Level Costing
System
Cost Master PLC is a ‘latest generation’ patient
level and reference costing solution, developed especially
to support the NHS requirements for reporting and local cost
management. This includes patient-level cost reporting at
multiple levels from individual patients right up to board
level. Both top down and bottom up costing methodologies are
supported, giving the Trust total flexibility in how it accounts
for its costs. Cost Master PLC also provides full reconciliation
to the Trust’s ledger at all levels of output.
Cost Master PLC will help with the financial
challenges that are faced on a day-to-day basis:
- Reducing income
- Increasing costs due to:
o Drugs
o New clinical practice
o Staff pay reform
- Expected efficiency targets
- Demand management
Cost Master PLC has been designed to supply
useful, timely information, leaving managers with time to
manage. With the introduction of patient level costing,
Trusts will be able to view costings at patient, consultant
and site level in addition to the usual OPCS/ICD10/Specialty/POD
level.
Benefits of Cost Master
PLC
- Less time spent on data preparation
leaving more time for analysis
- Supports DoH Guidance
- Cost effective, gives value for
money
- An easy to use practical solution
- Supported by knowledgeable experts
- Regular user group meetings bring
users and ideas together, encouraging best practice
- Useful reports for finance and
non-finance managers/clinicians
- Credible cost reports with full
audit of source data
- Assists the Trusts in effective
change management
- Software owned and developed by
PSCAL – the NHS is our priority
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Unique features of Cost Master PLC:
- Clear input and import files –
easy to find your way around
- User definable fields for input and output
codes
- Calculation is one simple process broken
down to top down and bottom up calculations
- Import validation gives specific errors
leaving no doubt as to why a record has been rejected
- Apportionment at cost centre and account
code level giving a clear audit trail
- Only one apportionment process necessary
takes Overheads to Patient Service Centres. PS Cost Centre
costs absorbed into the true patient profile, based on
real information
- Each ledger entry has a cost pool and
cost component linked to it. This facility gives superb
analysis of costs easily identifying the components making
up a care profile
- Output can be aggregated to Specialty
and POD from the patient level information
- Drill down costs through to originating
Cost Centre and Account Code
- HRG drill down report that displays an
average weighted profile for the HRG based on individual
Patient Care Profiles
- HRG browser screen to allow reconciliation
and interrogation of data before populating the reference
costs spreadsheets
- Reference costs submission population
tool – that works!
To find out more call 0845 054 0066
or email enquires@pscal.com
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