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Ferox Microsystems, Inc.
8403 Porter Ln.
Alexandria, Va. 22308
tel: (703) 684-1660
fax: (703) 780-2014
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Strategic
Financial Planning System
A Unique Combination of Power,
Flexibility, and Ease of Use
The Strategic Financial Planning System
(SFPS) by Ferox Microsystems is a comprehensive financial planning software
package that provides a powerful tool for healthcare financial managers.
SFPS helps you quickly create financial projections and forecasts,
construct multiple scenarios, and compare the results of the scenarios in
reports or graphs. You can build financial models easily and create
sophisticated analyses with a minimum of effort. SFPS lets you spend your
time understanding your organization's financial outlook, not chasing data
and wrestling with spreadsheets.
Versatile
You can use SFPS in a wide
variety of financial forecasting situations, including:
- Strategic financial plans-analyzing the financial impact of strategic
initiatives; using financial models to develop and assess operating
and financial strategies.
- Financial feasibility studies-developing a financial forecast to assess
an organization's ability to repay debt.
- Debt capacity studies-calculating how much debt an organization
can incur and still meet its financial targets and obligations.
- Merger/affiliation analyses-developing financial projections for each
entity, combining the entities, and quantifying financial benefits
from the combination.
- Financial scenario analyses-assessing the financial impact of
operational changes; modeling third-party payment changes, and
examining other financial or operational alternatives.
Many types of healthcare organizations
can use SFPS effectively, such as:
- Stand-alone hospitals
- Corporate offices
- Health networks and systems
- Integrated delivery systems
You can use SFPS to model any type of
entity, including hospitals, physician practices, long-term care facilities,
or other providers; corporate functions; and health plans. SFPS can be also
be used for multiple-entity systems because it has sophisticated
consolidation capabilities that include intercompany eliminations and
corporate expense allocation options.
Flexible
SFPS provides tremendous flexibility in
the choice of both modeling approach and level of detail. You can develop
models at an aggregate level in the Financial Model, or you can use SFPS
Submodels for specific modeling needs. You can choose your own modeling
method for such elements as volumes, payments, working capital, and
expenses.
Easy to Use
SFPS is completely menu-driven and has a
unique visual interface that makes it easy to enter, edit, and view data.
SFPS has advanced data entry methods that reduce set-up time and speed up
data entry, and you can copy data into SFPS from any Windows spreadsheet.
You can quickly view all major financial statements and analytical reports
on a single screen, and you can create a completely customizable graph from
any row you see on screen.
Useful Output
SFPS produces reports and color graphs
that you can actually use. You can print high-quality reports and graphs,
or you can copy them to use in other applications such as word processing
or presentation software. You can save graphs to external files for use in
other applications. You can also create your own reports, analyses, and
graphs with the
Flexible Reporting component.
Powerful Core
The SFPS Financial Model provides
flexible, aggregated modeling capabilities that are sufficiently powerful
for many types of financial forecasts. The Financial Model structure includes:
- Multiple inpatient and outpatient service lines
- Multiple payers with flexible inpatient and
outpatient payment modeling methods
- Choice of FTE modeling methods and level of
detail
- User-defined nonsalary expense accounts and
choice of modeling methods
- Multiple fixed asset categories with
flexible depreciation methods
- User-defined current and long-term asset and
liability accounts
- Amortization for multiple debt issues
SFPS produces a full set of financial
statements, ratios, and operating indicators, as well as payer and other
analytical reports. SFPS also provides unique
“Common-Size” analyses that show the income statement, balance sheet, and volume statistics
in vertical and horizontal formats. The horizontal analyses show annual and
cumulative percentage and value changes, with predefined and user-defined
base years.
If your organization consists of
multiple entities, you can model each entity and easily consolidate them to
show the results for the entire system. You can also model at the
consolidated level to see the effect of adopting a system-wide assumption.
SFPS also has several powerful
analytical tools that require just a few user data inputs:
- Debt and Financing Capacity
- Capital Resources
- Net Present Value (multiple scenarios)
- Economic Value Added
Tremendous Depth
The SFPS Submodels help you meet
specialized modeling needs and provide greater detail. Create market-based
inpatient and outpatient
demand forecast in the Demand Model so
that the patient volumes used in a Financial Model are realistic. Use the Staffing
and Nonsalary Expense Models to forecast
departmental expenses.
You can choose from multiple FTE and expense modeling methods, and the
Nonsalary Expense model provides departmental expense modeling.
You can choose annual or
monthly time periods to model either or both staffing and nonsalary
expenses.
Improve your
capital planning process
and create a capital plan you can afford
by using the Capital Model to create an inventory of capital
expenditure requests, evaluate the requests with criteria you define, and
select requests to fund. Model volumes, revenues, and payments for a large
number of inpatient and outpatient product lines with the Product Line
Model. Use the Analysis Model to prepare data for use in a Financial
Model by analyzing historical data and projecting a full year from
year-to-date data.
Evaluate new or existing programs,
services, business plans, or major capital outlays by creating financial
projections and investment analyses in the
Program Analysis Model.
Use the Bond Model to size bond issues and calculate repayment
schedules so that you can assess debt capacity or the viability of a
construction project. Assess the financial results and impact of multiple
capitation contracts with the Capitation Model.
Powerful Analytical Tools
SFPS provides a powerful set of
analytical tools
that include Goal Seek, Drill Down,
Risk Analysis, Scenario
Comparison, Sensitivity Analysis,
Capital Analysis,
Consolidation,
Scale Data and Interpolation. These tools help you enter data faster, test
alternatives more quickly, trace the impact of assumption changes, manage
multiple scenarios, and create consolidated models.
SFPS has a unique set of
Common Size reports that present the
Income Statement and Balance Sheet in multiple horizontal and vertical
comparative formats. These reports provide a quick way to examine patterns
within a year and across years. They give you a number of different ways to
see the implications of hundreds of forecast assumptions and to check the
reasonableness of the financial forecast.
Complete Integration
The results from each Submodel can be
used in any combination with a Financial Model. Submodel assumptions and
results—volumes, revenues, expenses, payments, and cash flow—are integrated
into a Financial Model so you can fully analyze the effect on your organization’s
financial position.
Comprehensive Reporting
SFPS provides a comprehensive set of
reports that can be previewed or printed individually or in batches. You can
copy reports to the Windows Clipboard to use in other applications such as
presentation software. Use the
SFPS
Flexible Reporting Tool
to create your own reports and analyses.
Extensive Graphing
SFPS contains extensive graphing
capabilities. You can choose from a set of defined graphs, or with just one
keystroke you can create
a fully formatted graph of any row you see on-screen. Every graph
is completely customizable, and you can display comparison data, such as
peer groups or benchmarks. You can preview or print graphs, copy graphs to
the Windows Clipboard to use in other applications, or save them to a file.
Customizable
You can customize the names of expense
and balance sheet accounts, payors, departments, and services. You can also
customize report appearance and all graph formats.
A Better Approach
SFPS is the best way to add power,
speed, flexibility, and sophistication to your financial planning process.
You can have all of this capability in a software system that is very easy
to use. Whether you are developing strategic financial plans for a single organization
or a healthcare system, evaluating an acquisition or merger, or assessing
debt capacity and financial feasibility, SFPS will make your work easier,
improve your results, and help you achieve your organization's financial
goals. With this combination of power, flexibility, and ease of use,
healthcare financial planning has never been easier.
SFPS Features
The screens below show some of the
features that make SFPS unique (Note: In Internet Explorer 6
you may need to resize the images if Automatic Image Resizing is enabled).
Easy Data Entry and Editing
[Click on picture to
enlarge]
- Quick access to major data elements via tabs
and sections.
- On-screen descriptive help for each data
element.
- User-defined display formatting.
- Enter data quickly with input shortcuts.
- Copy data to and from other Windows
applications.
- Drill Down to trace inputs and verify
calculations.
View Results In-Depth
[Click on picture to
enlarge]
- View all reports and intermediate
calculations on-screen.
- Unique “Visual” views show all Financial
Statements, financial ratios, and analytical data in separate tabs on
a single screen.
- Print or graph directly from each View.
- Goal Seek to evaluate alternative scenarios.
Comprehensive Reporting
[Click on picture to
enlarge]
- Full financial statements, payor data,
analytical reports.
- All reports are available on one screen via
report group tabs.
- Select one, several, or all reports for
printing.
- Customize report appearance, including font
style and size.
- Preview, print, or copy reports.
- Create your own reports with SFPS
Flexible Reporting.
Powerful Graphing
[Click on picture to
enlarge]
- Choose from defined standard individual or
group graphs.
- Customize any graph setting—font,
orientation, labels, trend lines, colors, 3D, number of years, etc.
- Create a graph of any row displayed
on-screen in Edit or View.
- Display your own peer-group or benchmark
data on each graph.
- Preview, print, or copy graphs.
True Consolidated
Forecasts
SFPS has an
enterprise financial planning option that can create a
true consolidated forecast. You can model each of your entities, whether they are hospitals, physician practices,
long-term care facilities, other providers, corporate
functions, and health plans. You can also model intercompany activity or
eliminations at the entity or subsidiary level so that your consolidated
forecast shows your exact corporate financial reporting structure.
Case Studies
View a case study of
market-based financial planning that shows how financial forecast results can differ greatly
depending on how patient volume assumptions are derived. An accurate
and reliable demand forecast is vital to the credibility of your financial
plan, especially when service
area population is growing or aging.
For More Information
Click here
to request an SFPS
Product Information CD. Be sure to tell us about any special financial planning needs
you have.
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