Overview

TrueCost is a module of Financials. TrueCost provides cost accounting and cost analytics capabilities for healthcare provider organizations to accurately determine the cost of care provided to patients. TrueCost includes analytics so that key stakeholders and service line leaders can analyze the cost of care.

TrueCost is based on the principle that healthcare organizations incur expenses to acquire resource capacities to perform activities. Resource capacities are utilized based on the volume, duration, and relative intensity of those activities. Organizations plan for certain levels of demand for these activities, which drive their budgets. TrueCost provides insight into the cost of care delivered. TrueCost also exposes the cost of resource capacity that goes unutilized or is utilized for activities that are not patient-related.

TrueCost analytics is delivered with a number of pre-configured reports and dashboard templates that can be used as-is or as the basis on which to build custom reports and dashboards.