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Annual Reference Costs

Compiling the annual reference cost database is the work of a few man-days for CostFlex System users.  Some of the major improvements to be seen are:

  • Data Quality
    With CostFlex, there will be no guessing at the amount of resources consumed by each of the thousands of groups defined. 

    Each patient will fall into a reporting group based on patient type (Inpatient, Outpatient, A&E, etc), HRG code, Specialty Code, Admit Code (elective, non-elective), First or Follow-up attendance, and so forth. 

    The actual resources consumed from each department – Pathology, Radiology, Supplies, implants, Pharmacy, - is already known and easily summed for the group.

     
  • Transparency
    The report is auditable.  The ‘bill’ of services for each patient in each group can be printed or exported to excel or another database where the reported costs can be verified.

     
  • Timeliness
    Within a few days after the minimum data sets are imported into the CostFlex database in late April, the reference cost report can be prepared. 

 

 
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