Axiom enterprise planning solutions provide hospitals and health systems with the tools and transparency needed to model the future and analyze the results.
A third-party analysis shows that a typical healthcare organization with $200 million in annual capital spending, 19 locations, and 50 full-time employees responsible for reconciling budget data would generate a return on investment (ROI) of 43% and see a payback in 9.7 months through improved workflow processes and better data quality.
Using Axiom enterprise planning solutions, the average healthcare organization experiences:
75% reduction in time spent reconciling data and creating budgets
10% less time spent on capital planning and tracking
75% faster budget reporting
0.5% increase in capital projects internal rate of return (IRR)
Budgeting
Engage in true enterprise planning with best-practice budget methodologies to streamline budgeting processes, enhance efficiency, and highlight variances
Rolling Forecasting
Accurately predict future results based on the most up-to-date financial assumptions to support strategic and tactical planning success
Capital Planning & Tracking
Evaluate each capital request objectively against the strategic plan, prioritize activities, and monitor every step from project proposal to completion.
"It’s not just the efficiency gains — it’s all the things we can do with Axiom that we never could do before. It’s a huge help to definitively answer questions we could previously only guess at."
– Andrew Dire, Controller at Pomona Valley Hospital Medical Center
