CostPro Plus - Service Contribution
In an ABF environment it is important to understand the underlying economics of the services provided by health services. Knowing which services are profitable can inform strategic decisions around where to grow or reduce elective services. Should contestable funding become available, this should be funneled into profit making services, not merely those who shout the loudest!
CostPro Plus comes with a proven revenue allocation module that makes understanding service line profitability a reality. This module allocates ABF revenue, specified grants, and private patient billing down to the patient level. Having both cost and revenue at the patient level means contribution analysis can be undertaken at patient, DRG, Doctor and Service Line (e.g., specialty or subspecialty) levels enabling health services to understand financial contribution at any level.