Business Intelligence for Healthcare Organizations

All-in-one Planning, Budgeting, Forecasting & Reporting Tool

Plexis Analytics is a complete application that streamlines the performance management of healthcare payer organizations with planning, budgeting, forecasting, reporting and analysis. You can access, analyze, and visualize healthcare and benefit data from any part of the business at anytime and anywhere - all on one application.

Plexis Analytics is based on OLAP (On-Line Analytical Processing) technology which enables users to quickly view large sets of complex business data. Analysts, managers and executives can view data across multiple dimensions and drill down into the specific data underlying those summaries.

Plexis Analytics easily integrates into your existing environment, supporting standards and key platforms. Its combination of memory-based calculations and support for 64-bit platforms delivers high-volume, high-speed analytics for performance and scalability.

Multi-dimensional Reporting Capabilities

Plexis Analytics features a reporting "dashboard" that allows users to perform healthcare claims analysis, predictive analysis, and review details of healthcare claims by status. Its real-time approach to consolidating, viewing and editing vast volumes of multidimensional data gives you the tools to streamline operations, make better decisions and grow your most successful lines of business.

Real-time reporting for healthcare entities means that decision-makers across the enterprise - including senior executives, planners, and operations managers - can simultaneously read and revise information as the need arises. Plexis Analytics, with its high performance capabilities for complex business models, provides healthcare organizations with opportunities to improve their operational effectiveness.

Plexis Analytics allows healthcare organizations to set up reporting structures quickly and easily. The reporting function provides self-maintaining reports as well as ad hoc reporting capabilities for rapid, in-depth analysis of urgent business situations.

Plexis Analytics is integrated with Microsoft Excel and provides an Excel front end with true analytic capabilities and the power of real-time on-line analytical processing (OLAP). The Excel spread sheet format allows organizations to work in a familiar environment, while reducing training time and costs.

Plexis Analytics also includes the following reporting features:

• Wizards make it easy to assemble key reports
• Create real-time, interactive web-based reports and graphs
• Create and handle multiple currencies and exchange rates
• Easily pull data from your GL system
• Automatic report updates

Strategic Planning

A multi-dimensional analytics platform enables decision makers to develop budgeting and forecasting strategic plans across a healthcare IT enterprise. Plexis Analytics allows healthcare organizations to monitor performance against the key indicators of financial and operational plans, interpret past results and take the appropriate actions to achieve desired outcomes.

Plexis Analytics facilitates planning by instantly streamlining data collection from multiple business units, GLs and charts of accounts. It also allows organizations to perform detailed analysis of sales and costs by product and by member; organize human resources to optimize utilization, analyze physical assets, depreciation costs and depreciation of assets, and more.

Plexis Analytics also includes the following reporting features:

• Planning template and sample database for fast and easy plan/budget construction
• Workflow for efficient planning
• Ability to extract data from your enterprise systems

Flexible, Accurate Budgeting

Working seamlessly with Excel, Plexis Analytics enhances Excel's flexible real-time "what-if?" modeling functionality, vastly expands its scalability, and includes capabilities that extend the power and functionality of Excel.

Enhanced budgeting capabilities allow decision makers to spend more time on valuable analysis and improving business performance across their organizations. Because Plexis Analytics improves accuracy, errors typically encountered when relying on linked spreadsheets for planning and management tasks are eliminated.

Plexis Analytics includes powerful budgeting features:

• A highly automated budgeting and planning process with a pre-built financial database
• Flexible real-time "what-if?" modeling to meet rapidly changing business plans
• Workflow, including alerting, to manage the process and keep budgets current
• A sample budgeting application
• Standard templates for planning reports

Forecasting

Plexis Analytics integrates historical information and forecasting plans into a single budgeting, reporting and analysis application. You pull all data into one location to pose all your possible scenarios, view the results immediately and then publish as a report for review. If you're producing rolling forecasts you can include all the variances of your business, including any time frame.

Plexis Analytics' real-time modeling takes healthcare organizations beyond the two-dimensional world of Excel into the multi-dimensional environment required for forecasting in a rapidly changing healthcare industry. You enter your numbers, change them, and immediately see the changes to your budget and the possible impacts.

Plexis Analytics also includes key forecasting features:

• Storage of your forecast data against easily recognizable business metadata (product SKUs, account numbers, customer codes) in a controlled, easily managed interface. (Excel lacks that key metadata layer.)
• Automatic logging of all changes to data, especially important with Sarbanes-Oxley and other laws of compliance, which demand audit trails.

Real-time Business Modeling

In a rapidly changing healthcare industry, business modeling is critical to the success of healthcare organizations of all sizes. Plexis Analytics' real-time modeling makes it easy to evaluate a variety of scenarios rapidly, creating more consistency and time for analysis.

Real-time business models may show how a number of variables change when other elements of the model are altered. Using a model you can create scenarios and measure the model's outcome. For example, business models can be used to determine anticipated profits based on variable inflation rates, new resource models, changes in compliance requirements, or the impact of a new line of business, such As Medicare Advantage.

By using models healthcare organizations can determine sales projections, technology requirements, and projected income statements for alternative scenarios.

Features and benefits of modeling with Plexis Analytics:

• Flexibility and multidimensionality to meet changing business strategies. Enter your data and change it as many times as you want, immediately see the changes and compare with historical data or other projections.
• Leading financial and non-financial indicators - lower latency for performance measurement and corrective action.
• Comprehensive and expressive modeling structure allows you to handle complex business models such as risk analysis, activity-based costing, supply & demand, customer/product/brand profitability and compensation planning.

Fast Implementation, Rapid ROI

Plexis Analytic's single platform allows organizations to implement the application in a fraction of the time required by other BPM suites that consist of several products with different architectures and interfaces. Plexis Analytics integrates seamlessly with Plexis Claims Manager, so organizations typically require less IT involvement, training and maintenance than other solutions.

Key Features:

• A complete application: Addresses all of a healthcare payer organization's business performance management needs including planning, budgeting, and forecasting.
• OLAP technology: Allows analysts, managers and executives to view data across multiple dimensions
• Excel and Web interfaces: Perform analysis, view reports, and update data using either Excel or Web user interfaces
• A highly automated planning process with a pre-built financial database
• Flexible real-time modeling to meet rapidly changing business plans. You enter your numbers, change them, and immediately see the changes to your budget and the possible impacts.
• Workflow, including alerting, to manage the process and keep plans current
• Standard templates for planning reports
• Versioning so that as your planners, financial analysts and line-of-business managers prepare plans, your organization can work with several versions of a plan
• Integration with critical systems - Import data from ERP systems such as SAP, Oracle, PeopleSoft, or from other data warehouses.
• Scalability - Analytics' 64-bit capability, combined with its ability to support multiple servers, multiple cubes, multi-threaded processing and multi-user data updating, is designed to scale in order to support increased users and/or increased availability.
• Standards-based Integration - Supports a wide range of data standards with its API structure and compliance with MS OLE DB for OLAP.
• Microsoft Certification - Analytics not only provides an easy-to-use interface through Excel, but it also works with ease in the Microsoft environment, supporting its platforms, including high end, and SQL database format as well as its database connectivity.
• Security - down to the cell level with multiple privilege levels, combined with thorough audit trails.
• Disaster Recovery - is automatic; no changes are lost in power failure.
• Flexibility to allow you to customize and perform real-time "what if" modeling to meet rapidly changing business plans.
• Actionable alerts - Alert notifications and collaboration features provide structure to enterprise planning, and report approval processes. Analytics workflow coordinates a multitude of user-centric tasks for concurrent processes and ensures on-schedule management of your processes.
• Multi-user collaboration - Thousands of users can simultaneously connect to and use Analytics for real-time updates and audit trails.

 Download the Plexis Analytics Product Brief

Software for Health Insurance Co. • Software for Managed Care Orgs • Software for PPOs, PHOs, IPAs • Software for PACE Orgs • Software for TPAs