OUR APPROACH

In the competitive marketplace, The FiscalHealth Group has the distinct advantage of bringing our unique benefits projection methodology to a wide variety of healthcare organizations. Most organizations do not have the ability or experience to accurately project the actual financial benefits of Healthcare IT solutions in a cost-effective manner. Because of our unique expertise and experience, we are able to assist in the identification and prioritization of Healthcare IT solution investments in a way that best benefits organizations' business, strategic and financial objectives. Additionally, The FiscalHealth Group can help identify the vendor with the optimum value proposition, ultimately reducing the total cost of ownership (TCO).

Employing a collaborative approach working side-by-side with your organization's management and department leaders, we can accurately quantify the projected impact of your IT solution decisions and how they fit with organization goals and objectives. Projecting financial benefits can be particularly tricky. The FiscalHealth Group can help establish how the potential benefits of Healthcare IT investments will actually impact your bottom line:

• Detailed solution benefit projections for each department impacted
• Differentiation between hard and soft benefits
• Impact of Healthcare IT user adoption rates
• Benefit probability and time to realization
• Risk evaluation

Ultimately, The FiscalHealth Group can help in a number of ways:

• Support for prioritizing solution implementation sequencing and timelines
• Provide data and analysis to hold IT vendors accountable for projected benefits
• Quantify potential differences in benefits between vendors relative to their respective total cost of ownership
• Create a picture of the overall financial impact to the organization
• Income statement, balance sheet and cash flow impacts
• Return on Investment (ROI), Net Present Value (NPV), Payback Period, Internal Rate of Return (IRR) and other financial measures