From Planning to Reporting
The NHS landscape is changing and initiatives such as Payment by Results (PbR) and Foundation Status are changing the way that NHS Trusts are funded and PCT's commission services for their population. More than ever it will be critical for Trusts to understand the links between finance and activity and with Bidetime's expertise these links can not only be understood but managed as well.

For many Trusts, managing financial metrics is the primary application of business intelligence (BI) technology. Using powerful, pre-packaged BI from Bidetime and Cognos, organisations can gain answers to basic operational questions such as:

"What is the income by specialty, by commissioner?"

"Which directorate ranks highest when comparing actual, budget, and variance over time?"

"What are the links between Agency Costs, Staff levels, cancelled operations and waiting lists?"

"Are there enough beds available to cover for predicted referrals?"

"What is the financial impact of the latest HRG costing protocols to our organisation?"

Cognos Financial Analytics enables self-service access and distribution of financial information throughout your organisation, both within and outside the finance department. It empowers management with financial information when they need it and in a format they can understand.

Information is available where it has maximum impact-at the point of decision-making. It also off-loads tedious reporting requests from the finance team, freeing up their time to drive financial efficiency through the Trust. In addition, it delivers more timely answers for decision-makers when their questions arise, accelerating fact-based responses.