For most hospitals, the annual budget process is a very lengthy, time consuming, and, sometimes, frustrating project. IDEA Budget Solution was developed specifically for hospitals that want to simplify and shorten the budget process as well as save valuable time and energy spent by everyone involved.

Budget Benefits

• User-friendly worksheets
• Automated distribution & retrieval of worksheets
• Drill Down Reporting
• Advanced Calculations for Projections and Baseline budgets
• Comments and line item detail stored for additional depth of analysis
• Supports all budget approaches from “Top-down” to “Zero-Based” and everything in between

Labor Budgeting Made Simple

IDEA Budget Solution provides you with the flexibility to develop your labor budget at the employee level, labor class (job code) level, or GL account level. During the implementation process, we work with you to design a labor worksheet that meets your precise needs while ensuring ease of use for the department managers.

Streamlined Approach to Developing Complex Labor Budget Information

• Calculates all salary differentials and special pay codes
• Defines Highlights & Alerts to Identify Budget Outliers
• Easily Sets Global Budget Assumptions in the Control Panel
• Automatically performs all Salary and Manhour calculations
• Quickly defines parameters for acceptable budget amounts
• Customizable to calculate precise labor budgets based on your current payroll structure.

Added Depth to your Budget Information

Add meaningful explanations and vendor detail to your budget data through IDEA Budget Solution’s account level comment fields and Line Item Detail dataset. You can define whether an explanation is required or optional at the account level. You also can define which accounts will require line item detail. The totals for each account are then automatically sent to the budget worksheet. The account level comments and Line Item Detail information is permanently stored in the IDEA Budget Solution database, which enables you to quickly analyze your budget and drill-down into this added layer of detail.